Are we really headed into another Great Depression?

Ezra Levant ^ | 2009-01-03 | Ezra Levant

[WOSG]

“There may not be buyers of the second wave of T-bills, which means the interest rate they pay will skyrocket. “

PS. ... Which is the opposite of what happened in the Great Depression. nominal interest rates stayed low. You are predicting inflation, and I agree... but inflation is not another Great Depression... but a far different circumstance.

[Yo-Yo]

I pray you are right.

[PeterPrinciple]

Frankly, it is pretty much out of our hands. For Obama, capitalist economics are definitely above his pay grade.

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This makes me think of the “invisible Hand” in the Wealth of Nations by Adam Smith. We should all be reading that.

[<1/1,000,000th%]

It’s 1819 all over again.

[Who is John Galt?]

Sorry I’m so off-subject, I have a hard time accepting the hand I’m being dealt lately.

To make matters worse, I was born in Minnesota - a fact that I will completely disavow, if the Clown from SNL is actually seated in (I won't say 'elected to,' given the blatant DFL fraud involved) the United States Senate...

[expat_panama]

"... thrilled to find a meeting place where people still defended their values and fought...  ... I don’t even see a place to really do that anymore. Everywhere, I find resignation...   I would like to find a way to fight back"

Me too, and there's lot's of things we can do; for starters we can share a ping list for threads like this one.  Every time we see one of these whimper-all-is-lost threads, we can turn it into a what-are-we-doing-about-it thread.

Just an idea...