DISQUS

Blown Mortgage: G20 Meeting a Non-Event, Depression Full Speed Ahead

  • Don · 11 months ago
    There's no easy way out of this. We are in a new era. Did anyone ever have long converstions with their grandparents on getting through the Great Depression? If you did, remember their words.

    We're going to have to give up our toys we never really could afford, hold on to our cars longer, buy good with cash, stash cash into savings, settle for smaller homes, clip coupons and consider vacations a luxury. Credit cards to be used only for emergencies. And that's the way it's going to be, not for months but for years.

    The credit binge that started in the early 80's is over. At least we're living in reality now.
  • Hezekiah King · 11 months ago
    I'm afraid you're spot on Morgan.
  • Kwame Kilpatrick · 11 months ago
    "I’m afraid many of the New World Order conspiracy theories will have to be laid to rest after this weekend’s G20 meeting."

    The lack of agreement doesn't disprove the conspiracies. Rather, the resulting global turmoil is the perfect tool to implement the most radical of agendas. Just look at the garbage that came out of the great depression.
  • W · 11 months ago
    I wholeheartedly agree with you Morgan. Here's what I said a few days ago:

    President George W. Bush underscored how dire the economic crisis has become when he told world leaders that he had agreed to a $700 billion rescue plan for financial institutions only after he'd learned the U.S. was at risk of sinking into a "depression greater than the Great Depression."

    http://cbs5.com/business/george.bush.economic.2...