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Congressmen - "Ten- or fifteen-year depression"

 
Alpha Effusion
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12/23/2008 06:53 PM
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Congressmen - "Ten- or fifteen-year depression"
Congressman Jerry Nadler told Democracy Now today:

The economy is on the brink of an absolute catastrophe. I’ve been saying for six or seven months now that we’re in 1931. In 1931, a recession that started with the Crash of 1929 tipped into a fifteen-year depression. We are on the precipice of that. If we are very lucky and if we do everything very right from now, we will probably have a two- or three-year very bad recession. If we’re not very lucky or if we don’t do everything right, we could easily have a ten- or fifteen-year depression, a repeat of the 1930s.

[link to www.democracynow.org]
Anonymous Coward
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12/23/2008 06:57 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
Fine by me.
A world wide depression.
Good for the soul.
Everybody at the same level.
Darkman

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12/23/2008 06:58 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
The great depression didn't last 15 years. This one might last longer though.
The Foreseer

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12/23/2008 07:04 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
"Gentlemen, it's time to spread the word. And the word is... panic."

Fear is one of our greatest enemies... even Franklin Roosevelt admitted that. As the people are consumed by this cultivated mass panic, the Hidden Hand will further their agenda and the new world order will soon come to pass.

There is so little we can do now to hold back this storm... there are too few of us who know the truth and we have such little time left now to spread that knowledge and use it collectively.

Still, those of us who can see must do our best and awaken as many as possible before the time comes.
"Where is the horse and the rider? Where is the horn that was blowing? They have passed like rain on the mountain, like wind in the meadow. The days have gone down in the West behind the hills into shadow. How did it come to this?"
Anonymous Coward
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12/23/2008 07:05 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
This Depression WILL NEVER END.
Not as long as the Federal Reserve..Bush and Company and Congress go against the American people.
Alpha Effusion  (OP)

User ID: 569968
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12/23/2008 07:11 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
This Depression WILL NEVER END.
Not as long as the Federal Reserve..Bush and Company and Congress go against the American people.
 Quoting: Anonymous Coward 515251


Agreed
Anonymous Coward
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12/23/2008 07:12 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
Don't Worry Be Happy

Alpha Effusion  (OP)

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12/23/2008 07:15 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
Quit posting that vid everywhere
Anonymous Coward
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12/23/2008 07:15 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
what an idiot

recessions last 6 to 18 months.

bsflag 5a
Anonymous Coward
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12/23/2008 07:16 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
and we will NOT have a depression idiots.

5a
Alpha Effusion  (OP)

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12/23/2008 07:17 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
what an idiot

recessions last 6 to 18 months.

bsflag 5a
 Quoting: Anonymous Coward 578085


Yeah that's why we are talking about a depression numb nuts
Alpha Effusion  (OP)

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12/23/2008 07:18 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
and we will NOT have a depression idiots.

5a
 Quoting: Anonymous Coward 578085


Why not? You don't know anything about economics.
Anonymous Coward
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12/23/2008 07:28 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
In case you doubt the severity of the economic contraction recently, consider that Japanese exports fell an astonishing 27 pct in November... As I mentioned, many reports say that economic activity world wide fell off a cliff in October and here is some good proof. I consider Toyota a world economic bellweather.

We are most definitely watching the collapse of the world economy. Its only beginning now..."

Japan reported yesterday that its exports plunged a record 27 percent in November, signaling a dramatic deterioration in the world's second-largest economy and the collapse of the export-led boom that had lifted many Asian nations.

Indeed, even mighty Toyota said yesterday that it would post its first operating loss in seven decades, providing a vivid example of how some of the world's most profitable companies have been quickly humbled by the global recession.

Japan's stunning decline in exports is being echoed across Asia, where country after country is reporting data that have exceeded even the grimmest forecasts. Thailand said yesterday that its exports in November fell by nearly 19 percent, the most in 17 years. Similarly, Taiwan's exports fell 23 percent in November, and a government report on future export orders set to be released today is expected to show another steep drop.

"Everyone is tanking together. A fall of 27 percent is really striking and portends substantially greater weakness," ..."

full story here:
[link to www.washingtonpost.com]
Anonymous Coward
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08/05/2015 12:01 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
bump
Anonymous Coward
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08/05/2015 12:11 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
Well we have already been in a great depression for 8 years, that means it is half over with.
Anonymous Coward
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08/05/2015 12:12 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
In case you doubt the severity of the economic contraction recently, consider that Japanese exports fell an astonishing 27 pct in November... As I mentioned, many reports say that economic activity world wide fell off a cliff in October and here is some good proof. I consider Toyota a world economic bellweather.

We are most definitely watching the collapse of the world economy. Its only beginning now..."

Japan reported yesterday that its exports plunged a record 27 percent in November, signaling a dramatic deterioration in the world's second-largest economy and the collapse of the export-led boom that had lifted many Asian nations.

Indeed, even mighty Toyota said yesterday that it would post its first operating loss in seven decades, providing a vivid example of how some of the world's most profitable companies have been quickly humbled by the global recession.

Japan's stunning decline in exports is being echoed across Asia, where country after country is reporting data that have exceeded even the grimmest forecasts. Thailand said yesterday that its exports in November fell by nearly 19 percent, the most in 17 years. Similarly, Taiwan's exports fell 23 percent in November, and a government report on future export orders set to be released today is expected to show another steep drop.

"Everyone is tanking together. A fall of 27 percent is really striking and portends substantially greater weakness," ..."

full story here:
[link to www.washingtonpost.com]
 Quoting: Anonymous Coward 516046



and china is off 30%
Anonymous Coward
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08/05/2015 12:21 PM
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Re: Congressmen - "Ten- or fifteen-year depression"
Don't worry the exceptional federal reserve will print more out of thin air.





GLP