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Quote:

Originally Posted by GMAN (Post 428877)

I am not sure the difference between a depression, great depression or very great depression. :confused:

They just keep getting awesomer the further you go along.

Well, I am glad that you explained that to me, Rev.

Quote:

Originally Posted by RostyC (Post 428876)

I always believe it's never as bad as they say and never as good as they say. It's usually somewhere in the middle.
I really used to get into some of the talking head shows then it dawned on me, they're never right so I stopped listening for the most part and limit my reading as well. Fuel did the exact opposite of what they were predicting. I think you'll see food prices start to flatten as well, that will help out a lot towards recovery.

post of the day,remember the $200 barrel of oil by spring prediction?

Quote:

Originally Posted by mike3fan (Post 428704)

seems overly optimistic if you ask me,

Without going deep into details, can't agree more! Tho, i hope, we are wrong....

Quote:

Originally Posted by mike3fan (Post 428843)

ok I have seen you post this a couple times now.

I freely admit I'm not too smart,but could you explain why we are in a "very great depression"?

Any real facts to back this up? from multiple sources? other than blogs or conspirator websites.

What constitutes a "very great depressiopn"?

I know a lot of stuff, but, I'm like you. I'm not real smart, either.
I have to do like everybody else, and filter everything through experience and learning.

How long can you function, with a negative net worth, and shrinking income?
Is this not our gov't, today?
Is the gov't immune from the principles of money?

Who knew that the USSR would collapse, 2 years before it happened? 1 year? 6 months?

I did not coin the phrase "Very Great Depression".
Some people a whole lot smarter than me, did that.
I just happened to stumble across the link, and spent some time there.

The natural inclination is to post a link to the source.
I usually do, so that anybody that is interested, can make up there own mind.

I decided, at the last minute, to avoid posting the source, this time. I may change my mind later - we will see.

The think tank seems to be off shore, with a subscriber base of around 87,000. Their profile looks like well connected leaders from business and gov't. About 27,000 are from the USA.

This is commentary & analysis of think tank - 03-20-2008.
This fellow went back several years, and compared the think tank projections with what actually occurred.
There was one other engaged as commentator, but he was near the end, and mostly complementing the analyzer.

Quote:

In summery, think tank seems to be rather on target in their predictions.
This group of surprising historical accuracy, is predicting a systematic meltdown in Sept/Oct.
This is not a radical group in their thinking, others have arrived to the same conclusions.

Here is another excerpt:

Quote:

- Public announcement think tank (November 17, 2008) -
The G20-meeting held in Washington on November 14/15, 2008, is in its essence a historical indicator that the Western - above all Anglo-Saxon - monopoly on global economic and financial governance, is coming to an end.

Nevertheless, according to think tank, this meeting also clearly demonstrated that this kind of summit is doomed to inefficiency because they concentrate on curing the symptoms (banks’ and hedge funds’ financial difficulties, derivative markets’ explosion, financial and currency markets’ dramatic volatility, ...) rather than the fundamental root of the current crisis, i.e. the collapse of the Bretton Woods system based on the US Dollar as sole pillar of the global monetary system.

Without a complete overhaul of the system inherited from 1944, by summer 2009, the failing of the current system and that of the United States at the center, will lead the whole planet to an unprecedented economic, social, political and strategic instability, and more specifically to a breakdown of the global monetary system.

The driver (USA) got his brakes & transmission all locked up.
Too bad that the road is all iced up....

Quote:

Originally Posted by GMAN (Post 428877)

I am not sure the difference between a depression, great depression or very great depression. :confused:

Depression - Your blind date is kind of ugly.

Great Depression - Your ugly blind date also orders the most expensive item on the menu.

Very Great Depression - You get your ugly blind date flaming drunk and start to get your hopes up that maybe it's gonna pay off after all...and she says NO.

You go home drunk, horny, and alone....again.

Quote:

Originally Posted by DaveP (Post 429145)

:lol::lol::lol:

I noticed customer service is on the rise. Thats a sign of the poor economy. The other day in Wal-Mart I had two different employees ask if I needed help finding anything. That was a first, at my local Wal-Mart anyway. And I think a flying J employee smiled at me. You will know though that we are in a depression when Wal-Mart closes its doors and puts half of China out of work. Who knows? Maybe we will see the re-emergence of the local shoe maker and TV repair shop.