Question
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Economy & Indicators
It’s Official: The Crash of the U.S. Economy has begun.
http://www.globalresearch.ca/index.php?context=va&aid=5964
http://www.globalresearch.ca/index.php?context=va&aid=5964
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Answered No it is just one report.
Not to mention the report basically just defined what happens during a time of economic constriction and called it something else. It'd be like if I told you "At some point in the future, the GDP of the United States will shrink. When that happens, you should buy nothing but pork belly futures."
I took a piece of information about something that will inevitably happen, and then told you what to do as an effect of it. When said event DOES happen, it propels me to a "knowing guru" status.
Financial reporters are always chronically seeking "knowing guru" status. Therefore they say a wide variety of very general statements and wait for one of their predictions to come true, so that they can sell more books or get more hits on their blogs.
By the way, panic has done nothing good for anyone except cause them to make a bad decision. -
Answered No we don't need to panic. we will pull through
I really think that a major contributor to a crash would be the mainstream media. They're causing a recession by reporting constantly on it. The media reports constantly on recession because the media is with Barack Obama and the Democrats. Who would this recession benefit? Barack Obama and the Democrats. They greatly benefit from people believing that there is a recession. What if they cause a recession, would they really care? No, if they win they would have bated the majority of us into having voted them into office and it would make any difference to them. -
Answered None of the above
You can panic, I have been preparing. Gardens in and doing fine, old and new apple trees are doing well, as are the black berries, black raspberries and blue berries. Well is fine and so is the artisan well on the property. Have pulled a fair amount of my investments and put then into cash before December and just sitting back waiting to say, "Told you so!" -
Answered No we don't need to panic. we will pull through
Our answer for this question is in the article itself. Bad times happening after the junk bond & savings/loan collapse. Then what happened? One of the biggest growths of the economy! Then after the tech & telecom bust of the late 90's, we so quickly pulled out of the beginning of a recession in the early 2000's, that we saw the lowest national unemployment rate in DECADES! The last thing everyone needs to do is run around screaming 'The sky is falling!' -
Answered Well at least it's official.
Something that doesn't even shock me. Please save as much as you can, and buy the things only that you need. It amazes me, how Bush doesn't have hate mail for his eight years of only contributing to the war. That im sure he got rich off of.
Answered No we don't need to panic. we will pull through
nahhhhhh,,, its a new chapter in the worlds history because the world economy will fall into line shortly, consider it an adventure and for gods sakes grow a garden or expect to starve to death.