How long will the depression last? (52)
It will never end to an extent!
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RayfromUSA: Most people haven't really been that affected by the depression to date. All things seem to be continuing as they were.
Nevertheless, there are big unresolved things like deficit spending and a huge national debt and an economy that requires more debt every day just to survive.
So, what's your best bet on the length of the depression?
Nevertheless, there are big unresolved things like deficit spending and a huge national debt and an economy that requires more debt every day just to survive.
So, what's your best bet on the length of the depression?
7 years falling
7 years to climb back out
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The depression will last FOREVER if someone doesn't get a truck load of PROZAK to Washington... QUICK!!!!
Hi Ray!
Hi Ray!------ This poll is Archived ------
It usually works in 15(ish) year cycles. Don't know if the western world will ever recover from this one though, since it is China that is doing much of the bailing out.
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RayfromUSA: Most people haven't really been that affected by the depression to date. All things seem to be continuing as they were.
Nevertheless, there are big unresolved things like deficit spending and a huge national debt and an economy that requires more debt every day just to survive.
So, what's your best bet on the length of the depression?
Nevertheless, there are big unresolved things like deficit spending and a huge national debt and an economy that requires more debt every day just to survive.
So, what's your best bet on the length of the depression?
Oh many people have been affected by the crisis here in Spain. I know full well because my workload has increased enormously.
More and more people are losing their jobs and want to be fluent in English in order to move abroad for work or increase their employment opportunities here, so they come to teachers of English like me for classes.
I´m not complaining, but it is sad, and I have no idea how long it will continue.
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"Till I get my "antidepressants" refilled!"
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HealthyLiving: The depression will last FOREVER if someone doesn't get a truck load of PROZAK to Washington... QUICK!!!!
Hi Ray!
Hi Ray!
Hi HL.
Yeah, seeing that antidepressants raise the likelihood of suicide, a load of Prozac to Washington just might help the situation.
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JAN_is: Oh many people have been affected by the crisis here in Spain. I know full well because my workload has increased enormously.
More and more people are losing their jobs and want to be fluent in English in order to move abroad for work or increase their employment opportunities here, so they come to teachers of English like me for classes.
I´m not complaining, but it is sad, and I have no idea how long it will continue.
My friends in politics here reckon more of a drop here, then 2-3yrs to start to recover.Not nice for the Spanish.More and more people are losing their jobs and want to be fluent in English in order to move abroad for work or increase their employment opportunities here, so they come to teachers of English like me for classes.
I´m not complaining, but it is sad, and I have no idea how long it will continue.
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JAN_is: Oh many people have been affected by the crisis here in Spain. I know full well because my workload has increased enormously.
More and more people are losing their jobs and want to be fluent in English in order to move abroad for work or increase their employment opportunities here, so they come to teachers of English like me for classes.
I´m not complaining, but it is sad, and I have no idea how long it will continue.
More and more people are losing their jobs and want to be fluent in English in order to move abroad for work or increase their employment opportunities here, so they come to teachers of English like me for classes.
I´m not complaining, but it is sad, and I have no idea how long it will continue.
I had a similar situation in Asia. Countries like Japan and Taiwan were technically rich, but most of the people were living very drab and hopeless lives full of long work hours and little pay in comparison with the high prices. All of the youth dreamed of moving abroad and thought that learning English well might enable them to do so. But in truth, less than one in a thousand had any hope of ever living abroad.
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RayfromUSA: I had a similar situation in Asia. Countries like Japan and Taiwan were technically rich, but most of the people were living very drab and hopeless lives full of long work hours and little pay in comparison with the high prices. All of the youth dreamed of moving abroad and thought that learning English well might enable them to do so. But in truth, less than one in a thousand had any hope of ever living abroad.
In Ireland there was a construction which leagely considered of borrowed money, now with the construction industry and the banks been over borrowed Ireland is now on the verge of an EU/IMF intervention which will be merciless.
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Ross30: In Ireland there was a construction which leagely considered of borrowed money, now with the construction industry and the banks been over borrowed Ireland is now on the verge of an EU/IMF intervention which will be merciless.
That's the whole globalist agenda. Easy credit for a few years to create massive debt, most of the money being siphoned off by the corrupt governments, then, IMF taking half the countries GDP just to service the interest on the debt, and the principal never even diminishes.
Before the US was doing it to poor countries.
Now it's going to be their turn.
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In the book and all the screen depictions of 1984, we see an impoveriched society perpetually at war. Their society has had its financial collapse and is under a military dictatorship.
All the movies puporting to show the futre is usually a post atomic war with all societies in rock bottom financial condition; it actually may develop into that level of poverty but before any atomic war after which there will surely be a dictatorship with whatever is left of any military. But first will come the financial tsunami; can't avoid it indefinately....
Remember the financial predictions and aims announced by Bin Laden just after '9-11'...financial ruin for the US and Europe and no way to stop it. So far, so good...'got a hundred for a coffee?' just may be a everyday question in the near future...
All the movies puporting to show the futre is usually a post atomic war with all societies in rock bottom financial condition; it actually may develop into that level of poverty but before any atomic war after which there will surely be a dictatorship with whatever is left of any military. But first will come the financial tsunami; can't avoid it indefinately....
Remember the financial predictions and aims announced by Bin Laden just after '9-11'...financial ruin for the US and Europe and no way to stop it. So far, so good...'got a hundred for a coffee?' just may be a everyday question in the near future...
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solitare: In the book and all the screen depictions of 1984, we see an impoveriched society perpetually at war. Their society has had its financial collapse and is under a military dictatorship.
All the movies puporting to show the futre is usually a post atomic war with all societies in rock bottom financial condition; it actually may develop into that level of poverty but before any atomic war after which there will surely be a dictatorship with whatever is left of any military. But first will come the financial tsunami; can't avoid it indefinately....
Remember the financial predictions and aims announced by Bin Laden just after '9-11'...financial ruin for the US and Europe and no way to stop it. So far, so good...'got a hundred for a coffee?' just may be a everyday question in the near future...
All the movies puporting to show the futre is usually a post atomic war with all societies in rock bottom financial condition; it actually may develop into that level of poverty but before any atomic war after which there will surely be a dictatorship with whatever is left of any military. But first will come the financial tsunami; can't avoid it indefinately....
Remember the financial predictions and aims announced by Bin Laden just after '9-11'...financial ruin for the US and Europe and no way to stop it. So far, so good...'got a hundred for a coffee?' just may be a everyday question in the near future...
Hello love!I know this is a very probable and likely perspective.
Somehow, the movies always seem to know in advance, just how it will be. Either the writers are in-the-know, or there are folks taking notes in theatres, scratchin their heads and sending the good ideas off to the Think Tanks.
Just remembering the vision I had in 1970...
Freedom was gone in the U.S. and the country had been taken over by a communist regime. People were in prison camps saying, "How did this happen? We are a Free Nation!" They were taken by surprise.Watchmen on the wall, sound the trumpet, giving warning that an enemy is approaching.
Wake up people!
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The UK government baled out the banks to the tune of £500 Billion - that's circa £74,000 for every person in the country.
How long to get that lot back or reclaim its value in output? One hell of a long time.
How long to get that lot back or reclaim its value in output? One hell of a long time.
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solitare: In the book and all the screen depictions of 1984, we see an impoveriched society perpetually at war. Their society has had its financial collapse and is under a military dictatorship.
All the movies puporting to show the futre is usually a post atomic war with all societies in rock bottom financial condition; it actually may develop into that level of poverty but before any atomic war after which there will surely be a dictatorship with whatever is left of any military. But first will come the financial tsunami; can't avoid it indefinately....
Remember the financial predictions and aims announced by Bin Laden just after '9-11'...financial ruin for the US and Europe and no way to stop it. So far, so good...'got a hundred for a coffee?' just may be a everyday question in the near future...
All the movies puporting to show the futre is usually a post atomic war with all societies in rock bottom financial condition; it actually may develop into that level of poverty but before any atomic war after which there will surely be a dictatorship with whatever is left of any military. But first will come the financial tsunami; can't avoid it indefinately....
Remember the financial predictions and aims announced by Bin Laden just after '9-11'...financial ruin for the US and Europe and no way to stop it. So far, so good...'got a hundred for a coffee?' just may be a everyday question in the near future...
Dear, I live in Brazil(am brazilian)and here, we are "watching" all the world in crisis and is so diferent time for us here!
We had 20 years under the ditacture from the Brazil's arms, and after that we had the taste of freedom! But the country was very crashed!
NOw we are raising and developing, diferent from others...
BUt here have people unemployed also, depressed too...
People killing theirselves...this is the "big changes" in the whole world, and we need to learn how to handle it or die!
I see at News the young soldier from USA dying at Iraq or Afegan, and this make me so sad too...
We must to handle this very hard time for everybody!
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until the transition from 2008 is complete and a new vision of the future is created that is consistent with these changes.
so far in the 21st century we are still stuck in the period of false prophets.
so far in the 21st century we are still stuck in the period of false prophets.
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as long as you let it
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laura139: as long as you let it
and then some
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We are experiencing a cyclic adjustment of the financial sector. I believe it will right itself within 5-8 years. Negative predictions and speculation do not help investors gain confidence in the market.
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We thought it was over in the UK, but government cuts announced in the last few days is going to cause hardship and a lot of unemployment, so we have no end in sight and it is going to be bad. Plus hosting the Olympics in a couple of years will be a waste in the econmic situation we are in.
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It will last until every last Republican gives up on ever ever getting another vote again as long as they live. 
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until the first buff 
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RayfromUSA: Most people haven't really been that affected by the depression to date. All things seem to be continuing as they were.
Nevertheless, there are big unresolved things like deficit spending and a huge national debt and an economy that requires more debt every day just to survive.
So, what's your best bet on the length of the depression?
Nevertheless, there are big unresolved things like deficit spending and a huge national debt and an economy that requires more debt every day just to survive.
So, what's your best bet on the length of the depression?
You mean the "recession", Ray?!
I don't think its been declared a "depression" as yet, has it?! ....YET!! 
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This depression is a classic imbalance in demand and supply. We are overproductive - imagine how much more we produce in 8-hours-a-day than a century ago - yet the wealth is concentrated on fewer and fewer hands. We inflate credit bubbles, assets bubbles, real estate bubbles etc. to keep the demand somehow on par with supply, and along the way get deep in debt. Enviromentaly too, the exponentially growing ability to produce is incompatible with our limited natural resources.
IMO the situation with anemic growth and high unemployment will continue for years, while certain people will keep making a fortune by exporting growth to 3rd world countries and exploiting their labor force. It's gonna be a race to the bottom.
IMO the situation with anemic growth and high unemployment will continue for years, while certain people will keep making a fortune by exporting growth to 3rd world countries and exploiting their labor force. It's gonna be a race to the bottom.
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pierrot_le_fou: This depression is a classic imbalance in demand and supply. We are overproductive - imagine how much more we produce in 8-hours-a-day than a century ago - yet the wealth is concentrated on fewer and fewer hands. We inflate credit bubbles, assets bubbles, real estate bubbles etc. to keep the demand somehow on par with supply, and along the way get deep in debt. Enviromentaly too, the exponentially growing ability to produce is incompatible with our limited natural resources.
IMO the situation with anemic growth and high unemployment will continue for years, while certain people will keep making a fortune by exporting growth to 3rd world countries and exploiting their labor force. It's gonna be a race to the bottom.
IMO the situation with anemic growth and high unemployment will continue for years, while certain people will keep making a fortune by exporting growth to 3rd world countries and exploiting their labor force. It's gonna be a race to the bottom.
I don't think the economy is ever left to the whims of economic cause and effect. Those in a position to do so, manipulate the economy for their own benefit. They create booms that generate wealth. They create wars that transfer a lot of that wealth into designated pockets. And they create crashes through which the wealth of the entire economy can be siphoned into their own use.
It's a myth that everybody loses in a crash.
Most lose, but a small minority benefit enormously.
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xxDandelionxx: You mean the "recession", Ray?! I don't think its been declared a "depression" as yet, has it?! ....YET!!
Are you waiting for the pirates to tell you the ship is sinking? They never will. They've taken all the wealth, and filled all the lifeboats, knocked holes in the hull, and now they're rowing away.
When an economy is already broke and is still spending far more than it earns and is printing money like crazy without adding any actual value to the economy, believe me, it's a depression. It just hasn't crashed yet. But that crash is inevitable in the near future.
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The only thing keeping the US from collapsing immediately is China.
China is in a unique position.
They can't allow the dollar to collapse because they have huge dollar reserves and their economy is entirely export oriented with the US as their biggest customer.
They are working on both situations, using their reserves for investment in their own infrastructure and to secure resources in other countries.
But they'll never be able to spend all their dollars before the dollar crashes, because the more they spend the more it puts pressure on the dollar.
China has to dump its dollars. But they want to transfer as much wealth into other types of reserves first.
China is in a unique position.
They can't allow the dollar to collapse because they have huge dollar reserves and their economy is entirely export oriented with the US as their biggest customer.
They are working on both situations, using their reserves for investment in their own infrastructure and to secure resources in other countries.
But they'll never be able to spend all their dollars before the dollar crashes, because the more they spend the more it puts pressure on the dollar.
China has to dump its dollars. But they want to transfer as much wealth into other types of reserves first.
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61 Votes
1,879 Views
52 Comments
Created: Oct 2010
Last Viewed: Apr 26
Last Commented: Nov 2010
Last Voted: Jul 2017
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How long will the depression last?(Vote Below)
Nevertheless, there are big unresolved things like deficit spending and a huge national debt and an economy that requires more debt every day just to survive.
So, what's your best bet on the length of the depression?