Could We Have Another Great Depression?

You are living the dream, you have a good job, you have money in
the bank, and living the lifestyle, however, we are in the roaring
20s, then all of a sudden, the good times are gone (overnight)
the stock market crashes, and all of your money is gone just like that...

why would that be any different today? You may have a good job,
you may have money in the bank (bingo) the keyword being "bank"
ie: an institution having control of your assets/wealth, which means
as long as you have money in the bank, you really have zero control...

We live in an age where we are controlled by someone else, and normally
by the rich and powerful! You think your money is just just because it
is sitting in some bank that has far more money & power then you?

One day you log into your bank account, and your wealth may have
a $0 balance, and you say, Im FDIC insured, so I am good...

The US govt has trillion dollar deficient! The US govt does not know
how to manage money, and they piss it away to other countries for
nothing in return, wasteful spending, pork barrel spending, etc....

So you really think the govt is coming to your rescue with money
they do not even have in order to save you?

Once the economy tanks, jobs normally tank also...
Hope you have good job security so you can keep
making the money you have already lost, because if
your money is in the bank, you certainly have no control....

This is just one of those dooms day things you probably
need to think about from time to time...

IMO: Just because you live in the richest nation in the land
certainly does not make you immune or safe from anything....

 

Are a lot of stock market analysts already predicting there is another one coming?

 

I've been depressed for years so not sure if i would notice.

 

Only difference this time is that there are more gun owners

 

Actually, there were quite a few factors that led up to the Great Depression, it wasn't an overnight thing. The Great Depression was essentially a culmination of many things that all compounded upon each other, and eventually snapped. That snap kicked off the Great Depression, and the desperate years the followed were the consequences of that snap.

 

Could we have another depression? Sure, its definitely possible but its hard to say if it will actually happen. The future is too unpredictable to be sure. The trillion dollar debt is a huge issue and will take many years to fix if it even gets fixed.