Comments on: Bear Stearns Bank Run: A Signal of the Next Depression?

By: Andrew Panken

Andrew Panken — Tue, 15 Apr 2008 09:26:50 +0000

Oh my, the temple of the last great depression was insulted. Take back you comments, you heathen swine.

By: akak

akak — Wed, 19 Mar 2008 05:50:53 +0000

Good job and explanation, Republicae! I fear, however, that the corporate-media corrupted sheeple will either laugh at your erudition, or their eyes will glaze over as they scan your post for any further big-government proposals to “bail us out.” I’m afraid the writing is on the wall, and in big, bold, spary-painted letters it says “WE’RE SCREWED!”

I think we will be lucky if we ONLY have another Great Depression just like the last one.

By: Republicae

Republicae — Wed, 19 Mar 2008 02:22:11 +0000

There is a fundamental issue that is facing this country and this economy that it was not facing prior to the Great Depression and that is a total fiat currency that permeates every single structure of the economy. Every fiat monetary system has a finite life-span due to its total dependence and construction upon credit/debt expansion; eventually the foundational debt consumes economic viability within the system. Since every single Federal Reserve Note, whether digital or physical, is a legal notification of a debt obligation and must be borrowed into existence, without an underlying asset backing that debt [except for the "full faith" of the government] the debt becomes a free-formed element within the economy that must be continually expanded otherwise the economy undergoes contraction and dislocation. The problem is that eventually the debt demands far more service than the economy can produce and remain viable; the system ends insolubility.

One of the signs of such stress cracks within the foundation of the fiat monetary system is the inability of the economy to tolerate minor interest rate hikes; as the fiat system approaches its maximum possible life-span, the rate tolerance within the economy will constantly shrink until no tolerance can be maintained due to the overwhelming demand of debt service.

No, what we and the rest of the world are facing is not a Great Depression, it is far more intense and everything that is connected to the Fiat Monetary System will suffer the same fate as the system itself. That fate will follow every fiat system in history, but this time it will be magnified globally to an unimaginable degree.

By: Shaun Pickford

Shaun Pickford — Tue, 18 Mar 2008 20:31:06 +0000

According to dictionary.com, an economic depression is: “a sustained economic recession in which a nation’s Gross National Product (GNP) is falling and marked by low production and sales and a high rate of business failures and unemployment”

I was simply saying that this may be an indication we are heading into another depression, not necessarily a Great Depression. I am in no way trying to overshadow the Great Depression versus what we are going through today, I am just trying to draw the parallels between the causes of the Depression, and the events we are seeing in our current economy.

I can only hope that unemployment does not reach 25%, or even 10% in America. However, with the current credit “you owe me money” base that our economy has thrived off of for the last few years, it only takes a small gust of wind to send the whole house of cards tumbling so to speak.

Just pay attention to the world around you, do a little bit of research on bank runs and bank failures. It is scary to see the cycles that history tends to go in…

By: Alexander Nobles

Alexander Nobles — Tue, 18 Mar 2008 19:31:03 +0000

Joshua… Nobody has stated that we are in a depression. We are currently facing an all too real recession right now. Time will tell what this will actually end up being. If the government did not play their tricks, and we went through a recession 6 months ago… we would have been ok. They have played games and have made the inevitable even worse.

By: Joshua Reyes

Joshua Reyes — Tue, 18 Mar 2008 19:21:51 +0000

This needs to stop.

To say that this is another Great Depression is complete outright arrogance and is a disrespectment to our Parents and Grandparents in the type of lifestyle many of them had to endure.

Back in those troublesome days, Unemployment was over %25!
In other words, 1/4 of the workforce!
Yet right now it’s less than %10.

We must put things in perspective and not use actual amounts, but the relevant percentage rates.

By: jen

jen — Tue, 18 Mar 2008 16:41:23 +0000

Thomas Jefferson was concise in his early warning to the American nation,
“If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.”