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[–] geovoat 0 points 9 points (+9|-0) ago 

If you don't use the faked government numbers , I think we have been in one for years.

If you exclude the parasitic industry of wall street finance its even more obvious.

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[–] bongler8 [S] 0 points 1 points (+1|-0) ago 

I agree with you're thoughts on Wall Street, but I'm curious, what sorts of stats do you think are faked?

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[–] geovoat 0 points 4 points (+4|-0) ago 

Almost all of them.

The definition of most of them have been changed since the last depression.

And then they fudge them .

Look up "faked government statistics"

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[–] OcculusResurrectio 0 points 3 points (+3|-0) ago 

The unemployment numbers are faked, or at least misleading. It doesn't take into account people who are not actively looking for a job.

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[–] geovoat 0 points 4 points (+4|-0) ago  (edited ago)

Just a suggestion for future life.

Avoid debt at all costs.

Buy only what you can afford to pay for in whole without debt.

Buy some land somewhere cheap where they don't have permlt restrictions and build something /anything on it to live in. Having land the tis paid for and wher eypu cms live for free changes you r future prospects incredibly.

[–] [deleted] 0 points 2 points (+2|-0) ago 

[Deleted]

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[–] bongler8 [S] 0 points 1 points (+1|-0) ago 

Would you ever leave the country? If so to where and why would you leave?

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[–] bongler8 [S] 0 points 1 points (+1|-0) ago 

Thanks, my parents have always told me to avoid debt and to not put more on a credit card than you can pay off, including interest, at the end of the month. It's definitely good advice.

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[–] Vvswiftvv17 0 points 0 points (+0|-0) ago 

Thank you captain obvious /s. Of course this only works if you are lucky enough not to encounter circumstances beyond your control, like getting diagnosed with a severe illness, suffering a car accident that wasn't your fault and loosing your job, or any other number of elements. Not to mention land is only cheep in places where their are hardly any jobs. Seriously, your advice is shit.

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[–] geovoat 0 points 0 points (+0|-0) ago 

You don't need a job if you have paid for land.

Especially in the age of satelitte internet.

But hey. You know best.

Keep running in the circle.

[–] [deleted] 0 points 0 points (+0|-0) ago 

[Deleted]

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[–] geovoat 0 points 0 points (+0|-0) ago 

Thereis no evidence that during a crash you will be able to escape finacial obligations as an individual.

In fact debtors laws often become more harsh as they are now. People arenow doi g jail time for debts under misinterpretations of law

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[–] bongler8 [S] 0 points 0 points (+0|-0) ago 

So nows the time to buy that yacht I always wanted?

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[–] CallMeRamrod 0 points 3 points (+3|-0) ago 

Maybe all these conflicts we're involved in will lift us out of the depression like WWII did for the Great Depression. /s

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[–] bongler8 [S] 0 points 2 points (+2|-0) ago 

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[–] CallMeRamrod 0 points 1 points (+1|-0) ago 

Sorry but I honestly can't tell if you're agreeing with me or trying to disagree.

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[–] geovoat 1 points 0 points (+1|-1) ago 

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[–] bongler8 [S] 1 points 0 points (+1|-1) ago 

A depression, Keynes believed, is an especially severe recession in which people hoard money no matter how much the central bank tries to expand the money supply. In that case, he suggested that government should do what the people were not: start spending. He called this "priming the pump" of the economy. Indeed, most economists believe that only massive U.S. defense spending in preparation for World War II cured the Great Depression.

Just a thought, but isn't the difference these days that our economy is not confined to just the USA. Manufacturing jobs are increasingly being sent over seas, so wouldn't the massive spending on the military that we practice these days send purchasing power overseas while our labor force suffers.

I understand the basics of Keynsian Economics and I get there will be highs and lows to every economy, but shouldn't the pump priming prime our own economy rather than, say, China's for example? Couldn't the money be spent more effectively by, for example, raising a minimum wage, lowering the costs of health care or subsidizing costs of tuition for public schools? To me, these practices directly help everyone in our economy, at least given time for the system to readjust, in a more effective way than simply saying increase the already huge military budget.

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[–] necron30 1 points 0 points (+1|-1) ago 

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[–] Cuilrunnings 3 points -3 points (+0|-3) ago 

Wage data is continuing to increase. There is no major recession coming for the next decade.

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[–] bongler8 [S] 0 points 1 points (+1|-0) ago 

What makes you believe this? I'm not trying to insult you or anything when I'm reading sources from multiple reputable economists saying a recession is coming and that some wage data is falsified I'm gonna believe the experts over /v/Cuilrunnings who I know nothing about.

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[–] Cuilrunnings 0 points 0 points (+0|-0) ago 

Look at unemployment and wage data. Constantly increasing and showing no signs of letting up.