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Are We Heading Towards The Great Depression?

Recession fears amid economic turmoil - 15 Sep 08

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AlJazeeraEnglish asked:


There hasn’t been a day like it in decades.

The value of investments across the world are shrivelling, billions of dollars disappearing from markets.

The world’s financial controllers, the European Central Bank for example, and even the US president are trying to stop the “economic avalanche”.

The big question now - are all the analysts, and ready to say the word that they’ve until now considered : RECESSION.

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Posted by Admin on November 2nd, 2008 :: Filed under News
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25 Responses to “Recession fears amid economic turmoil - 15 Sep 08”

  1. fivestarmichael
    November 3rd, 2008

    I agree, we are in a situation where we taxpayers have no real control over fred and fannie; however we have to bear the responsibility.

  2. stratvic
    November 6th, 2008

    Some free market…authorites are in control, always were. It is their doing that created this mess with the formation of Freddie and Fannie. Freddie and Fannie were identified as serious threats to finacial stability and the issue raised by many people over the years while the authorities stood by and gawped. The “authorities” will act as usual too late and we wait to bear the unintended consequences of their next action in preparation for government orchestrated collapse.

  3. F300
    November 9th, 2008

    I and all my relative will definitely never never spend any kind of money in USA related bond, fund or insurance.
    I just hope all the Chinese and the China government stop investing in USA

  4. 3dbeing
    November 12th, 2008

    Wow, do you always resort to personal attacks when you are proven to be not only wrong but ignorant too.

    Look read the papers and watch the news and spout what the reporters tell you as if it is your own opinion, just don’t expect to be considered an informed individual.

  5. fivestarmichael
    November 15th, 2008

    What are you talking about?? What facts am I missing? You haven’t stated any facts… just opinions. You obviously pull facts out of your ass. I don’t think the government should be running our lives. You really think people were “fooled” into signing mortgage agreements? I should find those people down and sell them some magic beans. You are such a condecending, arrogant asshole.

  6. 3dbeing
    November 17th, 2008

    michael: ignoring the facts doesn’t make you more right, it makes you ignorant. Predatory lending, big business greed, and government negligence led to this debacle. Go ahead walk in front of the truck be my guest, I won’t stop you.

    Decisions based on deception are not real decisions. Take the Iraq war and WMD’s. If I were to guess, the way you are defending this, you must have made some good money on the crisis, or the build up to it.
    Spewing out what you see on TV doesn’t make you informed

  7. IAMBELOVEDIAM
    November 19th, 2008

    14842,

    Because I know what I think and God is within us all…not a person. Were living our lives wrong and the planet is dying…the worst is still to come my friend. God didn’t do this, man did with their own free will…not even God can impose on that. Free will WORLD.

  8. IAMBELOVEDIAM
    November 20th, 2008

    3dbeing,

    I agree…the Govt wanted this to happen and let banks do it knowing they would eventually cause them to crash…this is all planned and you and I know it.

  9. fivestarmichael
    November 22nd, 2008

    Where do you get your knowledge? You are so uninformed!! Your beloved Democratic party has had control of congress for the past four years (D)Nancy Pelosi - house majority leader). Yes, there are predatory lenders. However, adults are responsible for their own actions. Do you really want to live in a society of laws? A society full of people who can’t think for themselves? “Don’t walk out in front of that truck… it’s against the law!” You can’t protect against stupidity.

  10. 3dbeing
    November 23rd, 2008

    Wow, you really believe quoting media is going to make you look any better.Look you want to believe the market fallout is all because people are stupid go ahead, but don’t tell me that government didn’t look the other way while predatory lending laws were shot down in a republican ruled congress,and tell me I’m talking out my ass.People were “persuaded” to sign mortgages they couldn’t afford by salesmen who’s job it is to sell,regardless of consumers ability.You come out swinging and I will too

  11. fivestarmichael
    November 27th, 2008

    Each year we all of meet with George Bush in a special room under the Federal Reserve building and try to think up ways to ruin the economy, plan attacks on Western countries and steal oil from the Arabs. You have uncovered the entire Neo-con/Jew plot for world domination. Now we will track down your IP address and silence you!!

  12. fivestarmichael
    November 27th, 2008

    Now you are putting words in my mouth and you are trying to change the argument. You said people were “fooled” into this crisis. I know several people who lost their homes because they bought in when interest rates were low. Interest rates increased and they couldn’t afford their mortgages. These people were not tricked or fooled by Bush, they made bad decisions. Every economist from NPR to Fox news agrees.

    Do you always use personal attacks against anyone who doesn’t agree with you?

  13. eekdog2005
    November 29th, 2008

    If you like this economy, keep voting for the lesser of two evils. You’ll get the same result, both parties will trust the same criminals that created this mess to fix it.

  14. 14842
    November 29th, 2008

    how do you know what God thinks?

  15. undeadsfan250
    December 1st, 2008

    hehe so true
    mccain America downfall

  16. takerdust
    December 3rd, 2008

    give it a rest, you probably think the JEWS were warned not to go to the twin towers either.

  17. 3dbeing
    December 7th, 2008

    Do you actually have a brain or do you just stuff someones hand up your ass and let them do the talking? So everyone that lost their home in this mess was just doing real estate speculation, no families lost their home?

    See it’s people like you mike that are the problem, honestly it is, but keep jabbering away like you are some kind of king nothing, it’s obviously taken you far in life…

  18. fivestarmichael
    December 10th, 2008

    Yes, the cause of this is real estate speculation. People intentionally bought over-priced property at a low (non-fixed) interest rate. Interst rates went up and they couldn’t afford the payments. Do you actually read the news or do you just talk out of your ass?

  19. 3dbeing
    December 12th, 2008

    michael…
    So what you are saying is millions of people intentionally signed mortgages that they knew would nearly double in price and knew they would be unable to pay and would have to forfeit their home in bankruptcy. If that is what you are believe, then you obviously don’t even have a high school diploma because that is beyond ignorant.

  20. IAMBELOVEDIAM
    December 15th, 2008

    Instead of our Gov’t coming out and telling us the truth and asking us to change and help save this world they just lie and PUT US IN A BIGGER HOLE…CANT SERVE TWO MASTERS…money or GOD…you make the choice…money doesn’t seem to work and if you think it does your a FOOL!

  21. IAMBELOVEDIAM
    December 18th, 2008

    If we keep printing money without gold to bail these banks out what is the point? Keep the rich going while the poor suffer and die?

  22. IAMBELOVEDIAM
    December 19th, 2008

    When man turned to man for knowledge and wisdom instead of GOD that is when everything went to hell. Man has ruined this world and we have taught our kids to do the same thing over and over and when they try to speak their own minds, countries invent thought crimes to stop it. We have to learn to use our free will properly or nothing will ever change. Shit is going to get real bad guys…try to save it! It’s not God’s will to live this way…get ready to make a choice.

  23. IAMBELOVEDIAM
    December 20th, 2008

    naseinso,

    AGREED…your a smart man…no way we can take back our country right now. We will have to lose everything first before we fight for it…we never earned it we stole it all.

  24. naseinso
    December 22nd, 2008

    guess what country dont sell oil in dollar and is a major oil producer?
    yes iran and that’s why its in the united states and britain new coming target.
    america only survive from stealing oil and the truth hurt.
    stop wasting your time arguing here and take back your county my friends.

  25. naseinso
    December 23rd, 2008

    it always was a problem with the federal reserve bank they print more dollars while they had less gold in reserve that’s why they decided to make a false flag “9/11″ and to take controle of the middle east and its oil reserves. the reason why they went to iraq was because saddam has decided to sell oil in euros wich means the collapse of the dollar . the only thing that still hold the dollar from a collapse is that the countries that product oil sell it in dollar.

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