Comments on: We Are Not Headed for a Great Depression

By: Jane Calendine

Jane Calendine — Fri, 10 Oct 2008 21:04:27 +0000

Comment by Jane Calendine

Oct 10th, 2008 at 5:03 pm

I am truly tired of the Democrates using this as an opportunity to,”Look good!” I mean, come on, they’ve been there all along. They know there are gullable people out there, and only listen to news channels that make them,”Look good!” I do have a fear that we’ll get stuck with a Democrate president and I’m sure when they don’t fix it because of their decisions, they’ll say it’s because the,”Republicans,” are ALL at fault!

Thanks for listening!!!!!!!!!!!!!!!

By: DaveLierman

DaveLierman — Fri, 10 Oct 2008 18:27:51 +0000

Elizabeth,

Great article….wonderful perspective. Much of this economy is based on confidence and although your job is not one of a politician you do have a big impact on the consummer because of your visability on FOX. With the market sinking like it is I think you and every other business reporter has an obligation to do what ever you can to raise the confidence level in every household across this country. That means sensible logical and POSITIVE stories like the one above

Thanks

By: Sara Moore

Sara Moore — Fri, 10 Oct 2008 17:11:17 +0000

There are many similarities with the Great Depression, which have not previously been aired. This credit crunch and stock market collapse could in part be due to the arrival of the euro.(like the return to the Gold standard between the wars)
In 1928 the arrival of a socialist party in power in Germany prompted an exodus of cash. In 1929 Germany had high interest rates and bought large amounts of Gold.
When the euro first arrived money fled Europe and arrived in the US. Since 2005 the ECB, egged on by Germany, has raised interest at least nine times, the money has returned to Europe and Wall Street is hurting.
My book ‘How Hitler came to Power’ reveals that Germany was far stronger in the Great Depression than has until recently been imagined. As she was so strong – the Greatest exporter in the world in 1931 – her deflationary economic policy had an effect on employment in many different countries.
As Germany is still determined to create a budget surplus by 2011 in the present economic climate I fear that the world will continue to be engulfed by deflation until she can be persuaded to change her economic policy.
For exactly how the 1929 stock market crash happened look at Chapter 8 ‘German trickery and the Wall Street Crash’ in my book ‘How Hitler came to Power’.
The book is supported by Professor Forrest Capie, at present writing the latest volume of the history of the Bank of England.
I believe that the best way to stop Germany from acting in her narrowly perceived self-interest is to reveal how far she herself was responsible for the Great Depression.

By: Iris

Iris — Fri, 10 Oct 2008 14:20:55 +0000

Is anyone investigating who is really selling? Could the market be suffering not just from fear but actual manipulation by folks with big money who are terrorists? Remember 911, Obama and his cronies understand the market and would like nothing better than to use our economic system against us.

By: Stphdys

Stphdys — Fri, 10 Oct 2008 13:00:00 +0000

Yea Mc Cain plan that the fundamentals are sound. Not hardly! The fundamental principle of a capitalist economy is that the market,and banks correct them selves. The fundamental foundation or structural is broken when the government must restructure how the money flows, and to whom the money flows. I forgot one other thing where the money flows from. In this chase it’s the tax payer. The fundamentals are fractured, broken, and need surgury. That’s your idea of sound and stable fundamentals? As Mc Cain change from speaking about the financial system to the workers he’s a nut there also with unemployment at an all time high and jobs spewing out of the country this also sounds strong to you. You must be a patriot. Of what country I’m not sure.