
Originally Posted by
Belphegor
Honestly, our economy fell only 7%. This is a far gap from 1987's The Great Depression 2, also referred to as Black Monday, where the government like yesterday, also stepped in to intervene and save us. But they saved us from a 22% fall then. As for 1928, the gap is so far substantial I doubt it will come to that anytime soon. Today, even if the economy fails, we will far off better because of the magnitude of quality goods we can simply trade. We didn't have the capabilities of doing that in 1928. Our biggest problem with the economy right now, really is fear. Fear that you'll wake up, and your bread basket will be empty, or gas tanks will be on E. We need to stop being governed by fear, and accept the fact that we can invest money, and loan it to those who have credentials of giving it back. A big thing is student loans, almost no one wants to lend out the money anymore, but if our children aren't becoming educated, in 10 years the money will stop coming anyway, because they cant produce it by selling goods to each other.