Quote:
Originally Posted by iMind
When did I say that it hasn't been going on throughout history?
My whole point is that history repeats itself..
We are on the verge of the great depression 2 point 0 and noone even thinks it's possible.
"they won't let it go to depression" is the common response.. from ignorant people that don't realise the depression is the solution, so they are PUSHING IT FURTHER.
Just like if the " big 3 " go tits up, it gives them a chance to rewrite things...
Another great depression would eventually fix things ( years in the future )
The dollar needs to be deflated.
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Yes, it does seem that history does have a way of repeating itself, and even the ones in power that are attempting to prevent a depression fully admit that they do not know if what they are doing will prevent a depression. We are far from being in a depression (25 % unemployment compared to 7% or less at this point) but who knows, it is certainly possible that another depression may occur before all is said and done. We recovered from the previous depression and I suspect we will again, if one occurs.