Bernanke: This may be worse than Great Depression

\"We think the dollar should be strong, and the best way we think to get a strong dollar is to have a strong economy,\" Bernanke said.


So that\'s why they are spending so much money and running up deficits...they want a \'strong\' dollar...

Could have fooled me.

I didn\'t put those slashes in my post. Weird.

/sure you didnt/

I know.
I meant
"the recessions over"
"it's a world depression"
there is an endless list of contradictions!

so much unbeliveable stuff going on!!
Something for everyone ~ except the truth that is..

Got it.

There's an old saying in my business -
"Nobody Knows Nothin".

At this junction in my life, I'm far more inclined to respect the views of the Salt of the Earth/house painter types, over the Harvard Econ Doctorate types.

and this a lie to manipulate the people and I know now that ETIs are ruling the humans for 6000 years.

No the recession is not over but it will be worder than the recession it will be the depression.

Or better the end of Babylon.

thanks gomer...you obviously have real knowledge to share.
I think you should start your own thread for folks here who may need to know how to get their own food and take care of themselves. I mean that.

wait till summer ends, because of summer times they are saying that.

The fed and congress is ripping off this country

of course you have to find a person to sell you a chicken and then negotiate with them...hopefully it doesnt go like this encounter

Good read but you left out how the buying market has changed do to online sites taking in tons of money. Sites like Ebay and many many others are hurting real stores.

Crazy world
-peace

To the person who said it hasn't started yet. How can you say that? Perhaps the reality has not hit you personally but it has hit millions of others. Hundreds of thousands of people are homeless, unemployment benefits are dwindling. Cities, counties and states are broke. We are selling out our infrastructure for some of the aforementioned to even stay afloat. Unemployment is officially at 11 percent in California and much higher in the states comprising the 'rust belt'. The real unemployment rate, counting all the offical categories in the US but not relying on the few categories they do publicly announce, is over 20% and n ot expected to abate into next year as according to Bernanke so we can expect that not to be true either. Credit lines are drying up and reduced or completely eliminated on people who have credit scores in the 800s, the best of the best as risk goes. Little in the way of loans for commercial interests. The loans due on shopping centers which stand empty and uncompleted are usually for 8 years or so and due for refis which are not there. You have yet to see the next wave of 2010/2011 resets on residential real estate and now it is required that you have scores of 740 or better for most loans for that. By changing the upper limits on credit cards, reducing them and leaving people with their present balances of ratios affected that further reduces an otherwise good credit risk. I could go on and on, this is going to get way worse and I did not even mention all the trillions of lost 401k and other investments people had for their retirement, utterly gone.

On the end of the quotient relating this to the other depression; then you did not have to have a license to do handywork, hair dressing, tailoring or anyother thing one might do to survive. You did not need to be bonded or insured. You could trade eggs, bread, services for medical treatment. You could move your entire family into your h omestead and you did not have to park in a garage your vehicles, wagon or whatever with the door down or risk headlong battles with Homeowners Associations as they did not exist. You did not have the fees for these either. You could work out of your barn, your garage whatever with no political interference, small or large. You could as most of America at that time grow your own food, hang your wash out to dry as that was the norm, clotheslines in all yards, tenaments in cities too. You did not worry about exchanging servies or goods or labor for the risk of being sued, it did not happen. You did not have to have insurance for your h ome in order to have a loan nor your vehicles. There was a labor market in the USA then to carry on the manufacturing and the growing and harvesting supplied by our very own citizens. The list is endless why our lifestyle today will make it nearly impossible for people to survive and emerge from this as they have become totally dependant upon the USA to give them what they need and to permit them to do what is necessary, this licesing or granting of permission to exist and triving is not part of the quotient.

Bwhahahaha....

Now thats doom if I've ever seen it.

How do you know they won't just find another way to keep the bubble growing indefinitely or just remark the assets with value they don't actually have and say, "It's okay now. We were wrong about them being worthless"?

We all thought it was going to crash early this year or late last year and were proven wrong.

Who's to say they won't find one way after another to just keep it from crashing?

Good point. Who says we can't have 100% unemployment and a booming economy...
If the margins are high enough, GM can turn a profit with Hertz as its only customer.
Let the useless eaters eat cake.. Why Not?

what irks me is that bernake and the boyz created this ... and brought all those elements together that would crash the entire world's economy , and he has the gall to pretend he is not responsible... like it just "happened"... and they didn't see it comming


solution? ha... the bed has been made full of fleas and we will have to lie in it ... with all these strange bedfellows

be interesting to see what pop's out nine months from now

Tell me how many people died as a direct result of the great depression. It was a tough time to live in, but it wasn't a death sentence or the end of the world.

I still believe it was pretty harsh. No unemployment insurance food stamps or SS. The folks who fled the dust bowl were destitute and people generally were dirt poor compared to today's standards even before the depression struck.

Then it took several years to transform people from merely being unemployed to being in abject poverty. Often thru attrition and slowly losing everything including their land to the tax man.

just wait til the flu hits harder and ...everything is shut down because of ppl not working and so on , many get infected and are sick more and more .....food stores going empty ...govnerment offices shutting down , healtcare and food supplies not getting around , schools shutting down ...bla bla bla you know the rest .....

hackety hack and plankety plank ...slow but steady itll all shuttttt down !!!

No this country is DONE get your forks ready, I was watching the business news this last sunday when they were interviewing the different auto manufacturers from India that are getting ready to saturate our market with their cheap sh*t. And no they will NOT be buildiing any plants here, there the workers make what 150.00 a month.


Here is what they want you to drive, they should be available in the USA next year.

[link to tatanano.inservices.tatamotors.com]

like 10 million people died of starvation in teh great depression

Add to the mix:
Paulsons' of Goldman Sach that threatened CONgress to go along with the 'Program'; 'Too big to fail' or face economic armagedon even though the 90% of the people told him NO??

LET THIS BE KNOWN RIGHT NOW.


BERNANKE IS SPEAKING WITH THE PUBLIC TO CONTINUE THE INSIGHTMENT OF "FEAR" TO THE PEOPLE. THE MORE HE MAKES HIMSELF PUBLIC WITH "FEAR" THE MORE PEOPLE WILL BE DEMORALIZED (BEATEN) AND NOT WANT TO FIGHT FOR ANYTHING.



WAKE UP PEOPLE WE ARE UNDER CONSTANT BRAINWASHING.


GO WATCH THE MOVIE ZEITGEIST THAT WILL OPEN YOUR EYES ON WHAT THEIR PLANS ARE IF YOU DON'T ALREADY KNOW.

SORRY FOR CAPS BUT I NEEDED TO POINT OUT THE BRAINWASHING FACTOR.

That is what I was thinking. There is no recovery. Only a change to something else. And we are at the beginning of the second depression. Things are still OK but getting progressively worse.

this sounds like the most important thread on the pinned list. Ho hum.

I do think things will get better. Just not for you Avergae Joe American. You are done. And no one gives a shit about it. Get used to poverty, taxes, crime, rape, drugs, death, disease and overall shittiness.

The top and the rest of the world will go on enjoying the recovery.