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Home » Community » General Discussion Forum » How likely is the next "Great Depression" in the US and Europe going to be?


How likely is the next "Great Depression"?
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Highly likely 5 71.43%
Possible 1 14.29%
50/50 0 0%
Rather unlikely 0 0%
Very unlikely 0 0%
Do not have enough info to make an informed guess 1 14.29%
Total: 7 votes 100%
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How likely is the next "Great Depression" in the US and Europe going to be?
Started by: Stigma

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Stigma
Herald of the Judgement

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How likely is the next "Great Depression" in the US and Europe going to be?

* Just to be clear, "Great Depression" is used here as a synomym for a massive enonomic crisis.
* Also, I mean in a forseeable future, so let's say this decade.

Do you guys think there are any signs of one of such economic calamity approaching? How drastic it could get?

Last edited by Stigma on Aug 13th, 2021 at 02:17 PM

Old Post Aug 13th, 2021 02:12 PM
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Old Man Whirly!
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quote: (post)
Originally posted by Stigma
* Just to be clear, "Great Depression" is used here as a synomym for a massive enonomic crisis.
* Also, I mean in a forseeable future, so let's say this decade.

Do you guys think there are any signs of one of such economic calamity approaching? How drastic it could get?
very likely /end thread

Old Post Aug 13th, 2021 02:22 PM
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Blakemore
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They’re created, every decade unless thei roar going to, sojuust before we nuke China.


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Last Edited by Blakemore on Jan 1st, 2000, at 00:00 AM

Old Post Aug 13th, 2021 02:22 PM
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Stigma
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I think the last big crisis was back in 2008, but even that one was a far cry from the "orignal" Great Depression. But yeah, one might say we are overdue for the next one.

Old Post Aug 13th, 2021 05:30 PM
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Stigma
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quote: (post)
Originally posted by Blakemore
They’re created, every decade unless thei roar going to, sojuust before we nuke China.

Or China nukes the US. They got cocky.

Old Post Aug 13th, 2021 05:36 PM
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Klaw
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China isn't going to nuke the U.S.

They get too much money and business from them.


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Old Post Aug 13th, 2021 06:37 PM
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Blakemore
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H’ok. Here’s the earth and ruling out the sun exploding, the ice capes melting, the ozone layer saying FU. We re definitely going to blow ourselves up.


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Last Edited by Blakemore on Jan 1st, 2000, at 00:00 AM

Old Post Aug 13th, 2021 06:51 PM
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quote: (post)
Originally posted by Blakemore
H’ok. Here’s the earth and ruling out the sun exploding, the ice capes melting, the ozone layer saying FU. We re definitely going to blow ourselves up.
Nah, a virus getting us or the AI getting sentient, or the zombie apocalypse makes sense.

Old Post Aug 13th, 2021 06:53 PM
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Stigma
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quote: (post)
Originally posted by Klaw
China isn't going to nuke the U.S.

They get too much money and business from them.

I agree. I was being a bit facetious. What I mean is that China has been on the rise and they American empire seems to slowly crumble down.


China is all about business and they have made themselves central to the world economy, possibly to a degree that is not yet fully appreciated by us.

Last edited by Stigma on Aug 13th, 2021 at 08:32 PM

Old Post Aug 13th, 2021 08:29 PM
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Blakemore
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So we jo and shoot at China and China is like shit who is shooting at s, fire misses,


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Last Edited by Blakemore on Jan 1st, 2000, at 00:00 AM

Old Post Aug 13th, 2021 08:47 PM
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Eon Blue
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The CCP is a danger to all free nations in this world and a force for evil. I won’t deny the power and influence they hold, however.


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Old Post Aug 13th, 2021 09:06 PM
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BackFire
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Well obviously it will happen, the question is when. I think either very soon, like by the end of the year, or not for several years. I think once Covid is well and truly dealt with we're going to basically have the roaring 20's for a while.


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Old Post Aug 13th, 2021 09:23 PM
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Blakemore
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quote: (post)
Originally posted by BackFire
Well obviously it will happen, the question is when. I think either very soon, like by the end of the year, or not for several years. I think once Covid is well and truly dealt with we're going to basically have the roaring 20's for a while.


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Last Edited by Blakemore on Jan 1st, 2000, at 00:00 AM

Old Post Aug 13th, 2021 09:33 PM
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jaden_2.0
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It'll happen, as it always does, when the rich decide they aren't getting richer fast enough and need to do another wealth grab.

Want proof? In 2020, when the entire world was in crippling recession due to covid and people were losing their jobs by the millions across the world. Only 1 out of the top 100 richest people on the planet lost money and that was a Hong Kong billionaire who had his assets taken by the Chinese government.

The top 250 richest people increased their combined wealth from $8 trillion to over $20 trillion.

Recessions and depressions are now just another wealth transfer mechanism.


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Old Post Aug 13th, 2021 10:36 PM
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Old Man Whirly!
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quote: (post)
Originally posted by jaden_2.0
It'll happen, as it always does, when the rich decide they aren't getting richer fast enough and need to do another wealth grab.

Want proof? In 2020, when the entire world was in crippling recession due to covid and people were losing their jobs by the millions across the world. Only 1 out of the top 100 richest people on the planet lost money and that was a Hong Kong billionaire who had his assets taken by the Chinese government.

The top 250 richest people increased their combined wealth from $8 trillion to over $20 trillion.

Recessions and depressions are now just another wealth transfer mechanism.
thumb up Spot on!

Old Post Aug 13th, 2021 10:40 PM
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Eon Blue
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quote: (post)
Originally posted by jaden_2.0
It'll happen, as it always does, when the rich decide they aren't getting richer fast enough and need to do another wealth grab.

Want proof? In 2020, when the entire world was in crippling recession due to covid and people were losing their jobs by the millions across the world. Only 1 out of the top 100 richest people on the planet lost money and that was a Hong Kong billionaire who had his assets taken by the Chinese government.

The top 250 richest people increased their combined wealth from $8 trillion to over $20 trillion.

Recessions and depressions are now just another wealth transfer mechanism.
bingo!


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Old Post Aug 14th, 2021 07:31 AM
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carthage
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After the mess our economy took during the Covid pandemic, its probably a matter of time before another massive economic meltdown


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Old Post Aug 14th, 2021 04:39 PM
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Stigma
Herald of the Judgement

Registered: Jul 2013
Location: Poland


 

quote: (post)
Originally posted by jaden_2.0
It'll happen, as it always does, when the rich decide they aren't getting richer fast enough and need to do another wealth grab.

Want proof? In 2020, when the entire world was in crippling recession due to covid and people were losing their jobs by the millions across the world. Only 1 out of the top 100 richest people on the planet lost money and that was a Hong Kong billionaire who had his assets taken by the Chinese government.

The top 250 richest people increased their combined wealth from $8 trillion to over $20 trillion.

Recessions and depressions are now just another wealth transfer mechanism.

Agreed. thumb up

Old Post Aug 14th, 2021 08:01 PM
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