Future large-scale economic depression?

[Fluffy]

In 1929 a major stock market crash in the US crippled the entire economy of the world for years, and led to the rise of the Nazi party in Germany, which resulted in the death of about 70 million people. Would it be possible for this to happen again?

I've been hearing alot about the US economy going towards hell. But realistically thinking I find it very unlikely for a large depression to happen again. What do you think?

[jrgp]

First of all, get that userbar out of your sig...NOW!

About your topic, yeah, I'd say it's possible and that it will happen eventually. History tends to repeat itself.

[LtKillroy]

Well, people keep saying we are in a recession. But, as http://www.investorwords.com/4086/recession.html link shows, we technically aren't. A recession is at least 6 months of economic, well, recess. We have just had lowered growth, not an actual backwards growth. At least, thats how it was like 2 months ago, now we might be going backward, at least the stock market is, but again, this hasn't been happening for 6 months. Its definately possible, but most historians and economists believe the dollar will start making a comeback sometime around January 20, 2009.

[Mangled*]

It will be a recession by the time it can be classed as a recession by those standards. So it is a recession.

Anyway... just watch this space as unemployment increases over the next few months whilst living costs increase.

I'd like to also remind you that America isn't the center of the universe. This is a global economic recession. The real reason why it's happened so fast is because OPEC is holding a large quantity of oil off the market for reasons unknown.

[LtKillroy]

I will have to disagree with you mangled, slightly. While I agree with you, calling a game a no hitter just becauase there have been no hits up to the 7th inning and you assume they won't hit, its still not a no hitter. Just like a recession. (sorry if you didn't understand that baseball analogy) The reason, I think, that they are holding it is pretty obvious. They can sell the oil for more if they do that, which is why most countries have monopoly laws. Also, the chance for at least a US deppresion is relatively high, the situation is very close to the one in the 1930s. The stock market slowly going down, then jumping extremely, making inflation. Then panic hits, destroying it. But it won't be as wide scale as the 1930s because the Great Deppresion was caused by bank failures, and banks are now federally insured. Plus, not to sound arrogant or anything, but the US is one of the biggest buyers and sellers of goods, so what is bad for the US is bad for everyone. Same with China, and other big economic countries.

[Graham]

My friend has a theory about how everything will eventually have to resent via total destruction(Meaning economy, government, ect) I think he may be right.

[jrgp]

My friend has a theory about how everything will eventually have to resent via total destruction(Meaning economy, government, ect) I think he may be right.

Care to share that theory? I'm interested in hearing it.

[Demonic]

Care to share that theory? I'm interested in hearing it.

the short version goes something like this:
'Jews!'

[peemonkey]

Price of bullets going up, usefulness of bullets is gonna SKYROCKET.

[homerofgods]

I think US have failed in helping the poor in their country, and I think they have to begin to care about other country's. I also think the religion screw things up and that Americans are hopeless in politics. I think at least we are going to see a bit different America in some time.

may the force be with you

[Graham]

I think US have failed in helping the poor in their country, and I think they have to begin to care about other country's. I also think the religion screw things up and that Americans are hopeless in politics. I think at least we are going to see a bit different America in some time.

may the force be with you

Government shouldn't be taking care of the poor anyway. And we have something called separation of church and state numbnuts.

[a-4-year-old]

It will be a recession by the time it can be classed as a recession by those standards. So it is a recession.

Anyway... just watch this space as unemployment increases over the next few months whilst living costs increase.

I'd like to also remind you that America isn't the center of the universe. This is a global economic recession. The real reason why it's happened so fast is because OPEC the proletariat  is holding a large quantity of oil off the market for reasons unknown. to suckle money off the tits of the bourgeoisie

Fixt

[Sir Jeremy]

Lol - I think the Stock market and the US Economy is going to crash this year.  Around November, or September.  And then a new 'world power' will rise, and then we will see Earth go down..

Good Luck to all out there.

Cheers.

[Chariot]

would you care to put any money on that?

[Sir Jeremy]

Sure - where do we meet?

[frogboy]

I'd like to also remind you that America isn't the center of the universe. This is a global economic recession. The real reason why it's happened so fast is because OPEC is holding a large quantity of oil off the market for reasons unknown.

America is the centre of the universe, because it's such a large economy. Look at the Great Depression - obviously many countries had their own problems leading up to 1929, but what started everything was the stock market crash. The real reason is a combination of factors including oil prices, but also due to the subprime mortgage crisis.

Government shouldn't be taking care of the poor anyway. And we have something called separation of church and state numbnuts.

I disagree with the first sentence, but it is clear to anyone outside the US that the political system is dictated by christian beliefs.

[Smegma]

And why outside the U.S.?

[Shadow G-Unit]

In 1929 a major stock market crash in the US crippled the entire economy of the world for years, and led to the rise of the Nazi party in Germany, which resulted in the death of about 70 million people. Would it be possible for this to happen again?

I've been hearing alot about the US economy going towards hell. But realistically thinking I find it very unlikely for a large depression to happen again. What do you think?

First part: No. Think about how everyone created those little organizations that do shit, but still, I think intervention would be better.

Second part: I believe you. Why? I'm pretty sure this has happened before, but I don't see any over-speculation on something big, like in the Great Depression's instance, agriculture. Gas is ridiculous and the mortgage crisis is something to look at, but I don't think it's going to cause another Depression.

[excruciator]

Well, back in 1920s, US was the world superpower, so that stock market crash dealt a big blow to the world economy. But the nowdays the world no long depend on US as much as they did back in 20s. So no, even if the US crumbles, there is China, Japan, India and the whole Europe to support it, there might be a significant dip in the market but it will not be a full blown crash.

I'd like to also remind you that America isn't the center of the universe. This is a global economic recession. The real reason why it's happened so fast is because OPEC is holding a large quantity of oil off the market for reasons unknown.

America is the centre of the universe, because it's such a large economy. Look at the Great Depression - obviously many countries had their own problems leading up to 1929, but what started everything was the stock market crash. The real reason is a combination of factors including oil prices, but also due to the subprime mortgage crisis.

your delusional state has made my day Frogboi!!!

[Graham]

Government shouldn't be taking care of the poor anyway. And we have something called separation of church and state numbnuts.

I disagree with the first sentence, but it is clear to anyone outside the US that the political system is dictated by christian beliefs.

In all honesty the people should take care of the poor, the government doing it just means it will be abused and end up wasting money. While I don't really agree the government is totally influenced by religion it is present I know that.