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Anonymous
Anonymous asked in Social ScienceEconomics · 2 months ago

are we entering into a "depression" nearly? why the news media seems to avoid talking about job losses, pending stock market crash,etc?

Update:

if the stock market crashes like 50 percent soon ...will that be the nail in the coffin on the US economy? what about globally? how will affect jobs, ability to pay mortgages, car payments, bank failures, etc?

10 Answers

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  • Anonymous
    2 months ago
    Favorite Answer

    I believe we are on the brink of a big world change. The virus and all these things are just a diversion so the rich can get an advantage of the new emerging markets. Crypto currency, blockchain, and decentralized world economies are in the midst. Thr rich are trying to gain an advantage on these new technologies that could even the playing field and dismantle their schemes. So we might be forced into their tricks if we arent aware. But only those who dont know how to use anything other than paper money will be caught in their trap. 10 years from now the us dollar may be worth nothing. Then you'll need to get a whole new loan with the new us cryptocurrency system. They will make the people go into a depression if thats whats needed to create this dependant relationship 

    Between poor and rich. Depressions are a great time for a rich man. You buy when there is blood in the street. It won't be your depression like it was back in the day we are a much richer people now but you will probably not be able to make it by unless you're getting the same gigantic loans like you always were for everything that you have in life. But if you are pretty well informed and educated you can use these new types of currencies and Technology to protect your own wealth and not leave it in the hand of some bank that will have no problem with telling you that you have nothing to live on when you are 70 years old. So basically  we have been in a recession since early last year. But the thing is this can be dragged on for another 5 to 10 years. But I don't believe that we will be seeing a depression like you are imagining in the 30s. It's more like for today standard in America we are basically already facing a depression. In other parts of the world that might be like the depression in the 30s

  • 1 month ago

    I do believe the US Economy is facing a downturn 18-24 months out from now. March of 2023 we will know the extent of it. I'm guessing a big market adjustment on Real estate. These properties are just not worth what they are going for now. Prices are ridiculously inflated. Many folks will be upside down with loans under 3%. Persons without passive income are going to struggle, because unemployment will be high and pay will be low. The value of American products will decrease as well. Hold on to your butts. 

  • 1 month ago

    LOL Biden killed 70,000 jobs day one by stroke of a pen!

    trump told you if you get a biden you will have a depression like you have never seen!

    get your money out of currency! Buy gold silver and even bitcoin!

    maybe buy all 3

    the US is 28 trillion in debt! and gold prices are the same they were when the US debt was only 10 trillion! GOLD IS UNDER VALUED!!!! IT WILL GO UP THE VERY SAME WAY BITCOIN WENT UP!!!!!GET PREPARED!!! HONEST TO GOD!!! OR ELSE WHEN IT HAPPENS IT WILL BE TO LATE!!!!

  • garry
    Lv 6
    2 months ago

    we need another trump , plenty of contraversy , not boring old biden , who cant remember what he said a week ago . no more protests and riots , what happened america .

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  • 2 months ago

    Jobs and small business' are what drives the economy this is why Biden is trying to put money in your pocket so you can spend it and keep the economy rolling.  It is a lie that the markets drives the economy it only drives the rich folks economy not yours, since if you are not rich enough to play the market and lose you shouldn't play, it is like gambling really.  If the market fails life will go on as it did when it tanked in the 30's.  food lines prove that the US is in a depression.  

  • ?
    Lv 5
    2 months ago

    We are witnessing the great Reset. Nature always wins. 

  • ?
    Lv 7
    2 months ago

    Some prominent guys have predicted the crash very soon.  They left the dollars for bitcoins. Now you are not even in the position to buy it. Even Gamestop has to stop at once. All of them are not real, but a market manipulation. The thing is there is still no bubble, even in the property market. The price is going down, but there is still no depression. There is no bank run. And the IMF has even there to predict a growth of more than 3.3% this year. I don‘t believe in DEMs. What he has done is just created the unemployment. The crash will come because there is no policy initiatives.

  • Anonymous
    2 months ago

    Current policy has to result in a down turn, it’s just a matter of when.  Could be starting now, could be 1.5 years from now or anywhere in between.  

  • Anonymous
    2 months ago

    The US entered a recession in February 2020, thanks to Trump's failed economic policies.  The pandemic has exacerbated it.

  • Anonymous
    2 months ago

    The stock market is up 5000 points since Biden won the election, that's a good sign. It only went up 7000 points in trump's entire four years. And how come Republicans always say Democrats are the party of doom and gloom ?

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