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  LiveWire / Teen Forums / Science & Business / Viewing Topic

The Second Great Depression
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Replies: 19Last Post Oct. 13, 2008 5:30am by osmoticdespair
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MischaELLE


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im not sure but we're already in such a huge recession and so many people are losing ALOT of money. like in one day my dad lost $7,000 out of his retirement account because of how badly everything is going and it's just getting worse :/

3:34 pm on Oct. 12, 2008 | Joined Nov. 2006 | 205 Days Active
Join to learn more about MischaELLE California, United States | Lesbian Female | 2657 Posts | 5038 Points
allsmiles


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Quote: from rijames99 at 11:21 pm on Oct. 12, 2008

I don't know whether it's true or not, but "they" say we could never have a depression as great as the last, since most accounts are now insured by the FDIC. We also have a lot of foreign investment in American corporations, and Americans have investments in foreign corporations. Both of these help stabalize things when the domestic market is bad, i think (hope)

Well... your government's already over 10 trillion in debt... and that insurance only lasts whilst your government is keeping up with the repayments...

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When they leave me, they're all smiles.
When they leave you, they're in tears.


3:42 pm on Oct. 12, 2008 | Joined Aug. 2007 | 390 Days Active
Join to learn more about allsmiles England, United Kingdom | Male | 6745 Posts | 11659 Points
palepalepeach


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I'm not sure, but I would lean towards no.  It's worrisome to think about either way, though.  

I never thought it would get this bad.  But at least the price of gas is going down :/


4:06 pm on Oct. 12, 2008 | Joined Mar. 2007 | 384 Days Active
Join to learn more about palepalepeach Wisconsin, United States | Bi-curious Female | 4799 Posts | 9251 Points
Young Deezy

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Quote: from palepalepeach at 4:06 pm on Oct. 12, 2008

I'm not sure, but I would lean towards no. It's worrisome to think about either way, though.

I never thought it would get this bad. But at least the price of gas is going down :/


lol yeah

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I'm from Africa, BITCH!


8:31 pm on Oct. 12, 2008 | Joined July 2008 | 109 Days Active
Join to learn more about Young Deezy California, United States | Straight Male | 5741 Posts | 1995 Points
osmoticdespair


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It will calm down until the babyboomers all retire then suddenly there will be no money as all the young people will have like a gazilion old people to work for as well as themselves and any children they have.
Euthanasia may or may not be resorted to at this point.

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Lob sei Gott dem Vater g'tan,
Lob sei Gott sein'm ein'gen Sohn,
Lob sei Gott dem Heil'gen Geist
Immer und in Ewigkeit.

5:30 am on Oct. 13, 2008 | Joined April 2004 | 1229 Days Active
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