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lquadland10 (< 20)

I can see by TMFSinchiruna charts

Recs

10

January 14, 2009 – Comments (4) | RELATED TICKERS: GLD , ABX , AUY

I was looking at TMF Sinchiruna and all I can say is from the looks of things it is going to be 2 times as bad as the Great Depression. All the stock analysis forgot 2 things to factor in that we did not have during the Great Depression and that is Social Security and Medicare. Then they forgot to factor the 2 wars in Afghanistan and Iraq not to mention all the bases around the world. So.... With that then that is 1 1/2 times more that we take in on taxes.Just 3 budgets of the entire government budget. So. How bad do you think it is going to be. Unless there is World War 3 then I think it will be 30% to 40% unemployment. And lets not forget the 10 million undocumented workers living and working here that take away the jobs from the (is it now?) 12 or 13 million unemployed? The way I factored it in my head by all the articles I have read is now the IMF ( The Fed ) who is not part of the Government but as far as I can see an arm of the World Bank now Owns the Entire United States of America due to our Debt. I hope they don't call in that Loan. Poof we would be no longer America. Blessings. Just call me little miss merry sunshine.
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=129899&t=01006124249416869148

4 Comments – Post Your Own

#1) On January 14, 2009 at 11:07 AM, FleaBagger (28.96) wrote:

The worst part of the Great Depression was all the gov't help we were getting. It would rob from those who could hire, and give to those who couldn't. Meanwhile inflating the currency and patting themselves on the back for "higher" wages and farm prices.

Socializing a large country's economy, starving people and coming off looking like a hero: FDR was like Stalin's mini-me.

World War II didn't help, by the way, except that it gave FDR the chance to secretly undo all the damage he had done with a distraction so big he didn't have to publicly admit he was wrong.

But you're right: we are going to see worse than the Great Depression. It's because congressional democrats and Obama are trying to emulate FDR. And they get to expand and exacerbate the mistakes of a liberal Republican, just like their hero.

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#2) On January 14, 2009 at 11:10 AM, columbia1 wrote:

And an administration that believes the best way to resolve this crisis is to spend our way out of it. (that will surely delay any recovery)

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#3) On January 14, 2009 at 11:22 AM, djemonk (< 20) wrote:

Remember, you're not right because people agree with you.  You're right because your facts and analysis are right.

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#4) On January 14, 2009 at 6:34 PM, lquadland10 (< 20) wrote:

I also forgot to mention that 40 million manufacturing jobs that went over seas. We don't even have that anymore.

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