Ron Paul "This Is Much Bigger Than The Great Depression!"

[irishspirit]

http://www.youtube.com/watch?v=O5spJqCGTAE&feature=player_embedded#!

[conk]

Find the online videos of Chris Martenson. Scary! Yes, this is going to be bad for many.

[Humble Janitor]

You know, Ron Paul does have his moments of brilliance.

But, until we see large food lines and stockbrokers jumping out of windows, there's no way this current economic situation even comes close to the Great Depression.

[Luke]

But, until we see large food lines and stockbrokers jumping out of windows, there's no way this current economic situation even comes close to the Great Depression.

1. There would be no food lines, because it's handled with food stamps now. About 40 million of them. (http://www.reuters.com/article/idUSTRE6465E220100507)
2. The few stockbrockers that jumped in the 30's, did that because they did lost everything, and still have hell to pay. Due federal regulations and securities, there is no such situation now. That's part of "Moral Hazard" problem .. when you can take risks knowing you would not have to pay for looses, you will never, ever leave the casino.

When you design a building, you make it to bend before it will break, so the people would evacuate in time. With current "building" walls are propped with so many clever "devices" no one really knows when critical failure will happen. One day gravity will do its thing. One thing for sure: looking at how normal building went down is no help in current scenario.

[Lost Soul]

You know, Ron Paul does have his moments of brilliance.

But, until we see large food lines and stockbrokers jumping out of windows, there's no way this current economic situation even comes close to the Great Depression.

I wouldn't discount it. When the world gets tired of the dollar, it may be dumped as the world's reserve currency. Then all that printing the Fed Res did under the four stimulus bills as well as the mini-stimulus bills will come back to haunt us. Our dollars return home and our currency hyper-inflates. Over night savings will be destroyed. Hyper-inflation happened in the Confederacy here in America, Weimar Germany and more recently, Zimbabwe.

I also don't rely on government statistics on unemployment or GDP. When the numbers don't look good, they eliminate a factor to cause it to buoy up. ShadowStats still calculates figures as they were originally done. Unemployment is much higher than the 9.5% the government tells us about. Folks who don't qualify for unemployment aren't counted anymore and fall off the radar. About 40% of Americans don't pay taxes and 30% (or so) are living on Government support.

The bright side is that all this "economic" situation is man made. The important thing to focus on is spiritual salvation.