Blown Mortgage - Latest Comments in G20 Meeting a Non-Event, Depression Full Speed Ahead

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

Wed, 19 Nov 2008 00:15:42 -0000

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...

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

Kwame Kilpatrick — Wed, 19 Nov 2008 00:05:51 -0000

"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.

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

Hezekiah King — Tue, 18 Nov 2008 23:34:43 -0000

I'm afraid you're spot on Morgan.

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

Don — Tue, 18 Nov 2008 12:17:55 -0000

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.