jlf1961
Posts: 14840
Joined: 6/10/2008
From: Somewhere Texas
Status: offline
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quote:
ORIGINAL: pahunkboy
So 61, according to you- this is only a recession and we will soon be back to normal?
Of course I disagree. This is a depression, the system is broke beyond repair.
When did I say it was a recession? At what point did I even imply that?
I just explained the simple facts, in simple terms, which clearly you did not, could not or would not comprehend.
The Great Depression had unemployment in the United States that rose to 25%, and in some countries rose as high as 33%.
Now with an unemployment rate of 9% we aren't even close to the record, so by that standard, we are not in a depression.
However, the current years inflation rate has been, Jan. 2.6%, Feb. 2.1%, Mar. 2.3% Apr. 2.2%, and May 2.0% where as last year inflation moved to negative numbers, look here http://www.usinflationcalculator.com/inflation/current-inflation-rates/ for the information.
Another point to make is the following:
quote:
The Great Depression: A Succinct Statistical Summary The Dow Jones Industrial Average reached a peak of 381 on September 3, 1929. By July 8, 1932, it had reached its floor of 41, a plunge of 89% in less than 3 years. (This is a historical tidbit that those who think they are “bottom fishing” at current stock market levels should keep in mind.) The United States Gross Domestic Product was $103 billion in 1929. By 1933 it had fallen to $56 billion, a decline of 46%. Accompanying the freefall in both the economy and the markets, price levels were falling as well – meaning that the value of a dollar was rising rapidly. The Consumer Price Index was at a level of 17.3 in September of 1929, and by March of 1933 had fallen to a level of 12.6. This means that what cost $1.00 in 1929, cost 73 cents (on average) by 1933. This 27% deflation, this fall in the average cost of goods and services, represents a 37% increase in the purchasing power of a dollar.
What I find annoying is that you believe the conspiracy bullshit as gospel and do not do your own research to find out the facts. IF you are as smart as you claim you are, and IF you actually do have a college degree in something besides stupidology, then you would know how to research a topic since you would have had to do research on term papers.
Instead you take the most crackpot of theories, run with it, refuse to even consider verifying it for yourself, and then when someone actually proves you are wrong you condemn their sources are just tell them they are wrong.
All the information is available, do the research for your self, quit feeding on this conspiracy bullshit since all you are doing is making yourself look stupid.
< Message edited by jlf1961 -- 7/6/2010 6:14:01 AM >
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Boy, it sure would be nice if we had some grenades, don't you think?
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Paranoid Paramilitary Gun Loving Conspiracy Theorist AND EQUAL OPPORTUNI
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