Wednesday, December 7, 2011

Another Great Depression Soon? | The Rich will Survive

The rich will stay rich, but if the US economy-bubble pops the whole world is gonna feel it. It's unreal to see that at the moment there is more debt in the world than actual money ($120tril debt vs around $100tril in real money)! It kinda shows how quickly our worldwide financial system is failing, I reckon we can hold out for another 25 years before something big HAS to happen. And since countries like China are unlikely to let off the US's huge debt to them, I wonder what might happen... Read more....

6 comments:

  1. During the last depression the rich became poor overnight. A million dollar painting couldn't sell for $5. This article is COMPLETELY wrong. When the dollar collapses all become poor, including the rich.

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  2. YES, BUT ISN'T THAT WHY YOU SHOULD HOLD GOLD,SILVER,and OIL! "GOD,GOLD,GUNS, PLENTY AMMO"! OH! I FORGOT THE BEANS!

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  3. The rich will stay rich, the beautiful will stay beautiful, the well endowed will still be well endowed, etc. So what! Don't worry about what others have or don't have worry about yourself and your family. Surviving doesn't depend on being rich (although the beautiful and well endowed probably will benefit). Understand that at this point in time everyone who is paying attention has a huge advantage that few had in 1929; that is we see this coming and still have time to prepare for it.

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  4. It is a serious issue that the government of each country should consider about..And no country is away from this problem..I hope some good step should be taken..

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  5. People are screaming about the another great depression but I think that the first is not even over yet, so this would be only understandable if this would happen.

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