A World Recession

[KAPital PHINUst]

Good topic. Glad you posted it.

I posted a similar topic last summer in another forum and it was either ignored or dismissed as "needlessly alarmist". I guess folk are paying a little more attention now.

To answer your question: How bad is our economy? Brace yourself for a second Great Depression, and that is no exaggeration. Read Warren Brussee's blog at amazon.com, which he updates around the 1st and 15th of each month tracking his predictions he wrote about in his book which has been to date for the most part rather accurate). His book is titled "The Second Great Depression."

Personally, I have suspected our economy was going to reach this point (and further), which is why I have been paying close attention to our economic downturn since early 2005.

But this economic situation have been the culmination of economic events which arguably started when President Wilson signed the Federal Reserve Act back in 1913, and the effects subsequently snowballed to this point in time now.

A good movie to watch is "American Zeitgeist", which is available via Google Video for free viewing.

But as for our economy, as Reverend Jim said on the TV show Taxi: "You ain't seen nothing yet".