Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

3 Bumps

Are we "on the verge of a great, great depression"?

"Interest rates are amazingly low and that, thanks to Ben Bernanke, is driving everything," Yastrow said. "We’re on the verge of a great, great depression. The [Federal Reserve] knows it.

http://www.cnbc.com/id/43236764

http://www.cnbc.com/id/43238256

http://www.bloomberg.com/news/2011-06-01/adp-estimates-u-s-companies-added-38-000-employees-in-may.html

http://www.cnbc.com/id/43234521

http://www.cnbc.com/id/43236208

Answer Question
 
Carpy

Asked by Carpy at 4:26 PM on Jun. 1, 2011 in Politics & Current Events

Level 39 (114,053 Credits)
Answers (24)
  • I, personally, feel YES.
    Dahis

    Answer by Dahis at 4:27 PM on Jun. 1, 2011

  • On the verge? I thought we were ALREADY in it!
    cbk_mom3

    Answer by cbk_mom3 at 4:27 PM on Jun. 1, 2011

  • I thought we were already in one
    mommy_of_two388

    Answer by mommy_of_two388 at 4:28 PM on Jun. 1, 2011

  • Our economy is predicated on the idea of infinite growth. Such a thing is not possible, and without a major modification in both the way our monetary system is structured AND the consumer activities of millions of people, yes, it will collapse. Without a shadow of a doubt.

    I can only hope that people are beginning to see this and are doing what they can to be ready for it.
    Jenny-talia

    Answer by Jenny-talia at 4:28 PM on Jun. 1, 2011

  • It scares me that I think we are headed in that direction.
    missanc

    Answer by missanc at 4:29 PM on Jun. 1, 2011

  • Yes
    pookiekins34

    Answer by pookiekins34 at 4:30 PM on Jun. 1, 2011

  • On the verge? Hell, we're sliding down fast and most politicians are in denial about it.
    Rosehawk

    Answer by Rosehawk at 4:36 PM on Jun. 1, 2011

  • The only people in this world in denial about it seems to be the politicians...
    HistoryMamaX3

    Answer by HistoryMamaX3 at 4:37 PM on Jun. 1, 2011

  • Sometimes it feels like I can see it right out my rearview mirror and I can't outrun it. I can't afford the gas to outrun it. If we are not already in one we are damn close.
    pookiekins34

    Answer by pookiekins34 at 4:38 PM on Jun. 1, 2011

  • The only people in this world in denial about it seems to be the politicians...
    HistoryMamaX3

    Answer by HistoryMamaX

    And the braindead who think Obama has a private stash.
    Carpy

    Comment by Carpy (original poster) at 4:46 PM on Jun. 1, 2011

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Cafemom Join now to connect to other members! Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN