Depression Coming

Posted: June 20, 2011 in Uncategorized
Tags: , , , ,
Amplify’d from lewrockwell.com

Do you believe
that the U.S. economy is steamrolling toward a depression? If so,
you are not alone. According
to a recent CNN poll
, 48 percent of Americans believe that “another
Great Depression” is likely within the next 12 months. Americans
have been waiting for almost three years for a “recovery” to materialize,
but instead there are all kinds of signs that the economy is about
to get worse yet again. Inflation is rising but wages are not. There
are millions of Americans that would do just about anything to get
a decent job. The “misery index” is the highest it has been in almost
30 years. All of the recent polls show that the American people
are more pessimistic about the economy than at any other time in
recent memory. World financial markets are incredibly unstable right
now and many analysts are expecting a repeat of 2008 (or worse).
Meanwhile, our state and local governments are drowning in debt,
the federal government is drowning in debt and governments all over
Europe are drowning in debt. No, it is not crazy for 48 percent
of Americans to believe that we are about to go into another Great
Depression.

Read more at lewrockwell.com

 

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