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Title: America Has No Means to Recover from a Depression
Source:
OpEdNews
URL Source: http://www.infowars.com/?p=6422
Published: Dec 9, 2008
Author: Dustin Ensinger
Post Date: 2008-12-09 21:39:57 by TwentyTwelve
Keywords: American Depression
Views: 487
Comments: 15
America Has No Means to Recover from a Depression Dustin Ensinger OpEdNews December 8, 2008 Speaking in front of members of Congress on Tuesday, economist Peter Morici, a professor at the University of Maryland, said the job loss experienced in November "was much worse than was expected … The threat of a widespread depression is now real and present." Many economic observers have justifiably stated that the U.S. is in the midst of the greatest recession facing the nation since the Great Depression. On Monday, the National Bureau of Economic Research finally acknowledged what most of Americans have known for some time: that the U.S. is officially in a deep and painful recession. Few, if any, however, will dare to call the current downturn a Depression. Actually, the department responsible for categorizing our economic condition, NEBR, refuses to use the term, although most Americans, judging by what they see and what is happening to them, realize we are truly entering a depression. "Just as the NBER does not define the term depression or identify depressions, there is no formal NBER definition or dating of the Great Depression," the bureau’s website says. It seems that some “experts” are finally starting to recognize the perilous situation that this country faces. Chrysler vice chairman, Jim Press, told reporters after testifying on Capitol Hill that inaction to save the auto industry could trigger a full-blown Depression.
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#1. To: TwentyTwelve (#0)
Sure it does, old, tried and true method, called war.
Cept we don't have the means for production that we used to have.
I shall not vote for evil, lesser or otherwise. Odds are we will not win the next one.
Our uniforms will be made in China.
I heard rumors that lathes and milling machines were being melted for scrap because they were worth more dead than alive.
I shall not vote for evil, lesser or otherwise. If the ships stopped coming from China tomorrow, we'd all be dead by Saturday.
I shall not vote for evil, lesser or otherwise. The world has a huge surplus of people, men in particular, and China leads the way.
The reach of the Chinese tiger is only as long as a sustained supply of food (logistics). They don't have the reach to operate outside of Asia.
Factories can be rebuilt. It will take some time but it can be done.
God is always good!
Scrapping sophisticated machines sounds fishy because of the drop in iron ore prices along with other commodities. Chinese steelmaakers still want ore from Australia's Rio-BHP group but at much lower prices because of the drop in markets/price of steel.
First time I've seen anyone say that but me. And damn right we're entering a Depression.
Law Enforcement Against Prohibition RUN SILENT, RUN DEEP Long ago they fought their way to the fringes of France and they were the only peoples to ever conquer Russia.(Russia is well aware of that fact today and acts accordingly)
They can get the economy back online in a week. "Today, we are annoucning we are clowsing down the unconstitutional Federal Reserve Banl, in fact closing down 80% of the federal government, and cutting taxes by 90 percent." Boom, the economy would recover just like that.
Baby Jesus loves Turtle.
You mix up the chinese armies, the pissed off southern and central american armies, and of course, the russian armies (and all their weapons buyers) and put blue UN hats on them and what do you have? That is the "Red Dawn" consigency.
Change will not come if we wait for some other person or some other time. I am the one we've been waiting for. I am the change that we seek. Barack Obama
"BLUE" AmeriKa would object ! Then, when enacted, they would surely die off.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams
America Has No Means to Recover from a Depression
#2. To: Cynicom (#1)
Sure it does, old, tried and true method, called war.
Body Art Cobleskill, NY
#3. To: Critter (#2)
#4. To: Critter (#2)
Cept we don't have the means for production that we used to have.
#5. To: Cynicom (#3)
Body Art Cobleskill, NY
#6. To: TwentyTwelve (#4)
Body Art Cobleskill, NY
#7. To: Critter, all (#5)
#8. To: Cynicom (#7)
-Schweizerische Schuetzenzeitung (Swiss Shooting Federation) April, 1941
#9. To: Critter (#2)
Cept we don't have the means for production that we used to have.
#10. To: Critter (#5)
#11. To: TwentyTwelve (#0)
most Americans, judging by what they see and what is happening to them, realize we are truly entering a depression.
"Corporation: An entity created for the legal protection of its human parasites, whose sole purpose is profit and self-perpetuation." ~~ IndieTx
#12. To: X-15 (#8)
#13. To: TwentyTwelve (#0)
#14. To: X-15 (#8)
The reach of the Chinese tiger is only as long as a sustained supply of food (logistics). They don't have the reach to operate outside of Asia.
#15. To: Turtle (#13)
"Today, we are announcing we are closing down the unconstitutional Federal Reserve Bank, in fact closing down 80% of the federal government, and cutting taxes by 90 percent."
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