Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 9 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds    H3'ed 2/17/09

Tighten Your Seat Belts - This Recession Is Turning Into Another Great Depression!

By       (Page 1 of 3 pages) (View How Many People Read This)   8 comments
Author 7031
Follow Me on Twitter     Message William Cormier

Based on the research I constantly conduct, all of the facts point to this "recession"- turning into another "Great Depression"- - and this one could effectively destroy any semblance of the Democratic Republic many of us whom are older remember and cherish. Unlike the Depression we experienced in the 1930's - this one has the potential to be far worse; millions of Americans are housed in large cities where people are unable to grow any of their own food, and as America suffers, violence and political unrest could easily result in riots and anarchy - which is a guarantee of Martial Law being declared in an effort to control a population that is likely to express their rage and frustration in ways that will drive us deeper into despair. If you're the head of a household, it's time to begin stocking-up on food, slowly, and avoid panic buying that could accelerate our downward spiral into the abyss of poverty.

This recession/depression was forecast by lay people (including myself) as well as professional economists, all of whom were ignored by the Bush administration that could have acted quickly to stave-off what now seems to be inevitable. I subscribe to multiple publications and constantly re-evaluate the symptoms that precede such an event, and as the final nails are being driven into our collective coffins by GOP obstructionism and Blue-Dog Democrats - all of whom are unable to act decisively and in the best interests of the "people."- It's a sad state of affairs when the GOP is playing political games in an effort to sabotage the Obama administration when our nation faces the worst crisis most of have witnessed in our life - and when all hell breaks loose, we will all be in the same canoe, without a paddle while attempting to navigate uncharted rapids that will cause the starvation and demise of the entire country - not just the poor and disadvantaged. I sincerely believe the "elite"- and corrupt politicians that have brought this disaster upon the people of the United States will find themselves in the cross-hairs of an enraged population, and even now, the symptoms of that anger and rage are beginning to manifest itself:

Populism Arising""but Will It Be the Killer Kind?

By Chris Hedges

The old assumptions and paradigms about capitalism and free markets are dead. A new, virulent populism, still inchoate, is slowly and painfully rising to take their place. This populism will determine the future of the country. It is as likely to be right-wing as left-wing.

I watched these competing populisms flicker Thursday night at the Mayflower Hotel in Washington, D.C., when I moderated a debate between independent presidential candidate Ralph Nader and Constitution Party candidate Chuck Baldwin. The two candidates come from opposite ends of the political spectrum. Nader, in essence, is a democratic socialist in the mold of Eugene Debs or Norman Thomas. Baldwin, a founder and minister at the Crossroad Baptist Church in Pensacola, Fla., is an evangelical, right-wing populist.

Baldwin, like Nader, rails against corporatism and our involvement in foreign wars, wants to repeal NAFTA and denounces the curtailment of civil liberties. But Baldwin goes on to support the abolishment of whole departments of the federal government, such as the Department of Education. He calls for U.S. withdrawal from the United Nations and NATO, the elimination of the Food and Drug Administration, the outlawing of abortion and removing all restrictions on the purchasing of firearms. One of his catchier campaign slogans is: "To help keep your family safe and your country free, go buy a gun."- He wants to seal our borders, deny amnesty and social services to illegal immigrants and end birthright citizenship for the children of illegal immigrants. He calls for dismantling the Federal Reserve and the Internal Revenue Service, overturning the 16th Amendment and the personal income tax, and returning the American monetary system to hard assets: gold and silver.

The ideological foundations of free-market economics and a consumer society have collapsed. This collapse is hard for us to fathom. We are still in shock and denial. We cling to old structures of meaning and outdated words to describe them. We have yet to realize that all our political science and economic textbooks have become junk. We have yet to formulate a vocabulary to describe our altered reality. We grasp, on a subliminal level, that laissez-faire capitalism is gone, but we have not viewed the corpse, scheduled the funeral and read the last rites.

"People get very clearly that Washington found hundreds of billions of dollars to bail out rich people in a way the government does not usually intervene,"- said Anthony Pollina, The Progressive Party candidate for governor in Vermont. "They understand that the government came up with all this money to support the wrong group of people. People get that in their gut. There is anger. It is not rage yet. There is still a little bit of disbelief. I may be running for governor, but all people want to talk about is how did we come up with all this money to give to rich people on Wall Street and why didn't they let them pay their mortgage off."-

MUCH MORE

The anger at America's CEO's is already beginning to manifest itself, which thankfully, has so far has been peaceful:


Homeowner group protests "-predator' CEOs outside their mansions

by Stephen C. Webster - RAW Story

Protests Against CEO's
Copyrighted Image? DMCA

If these activists are as dedicated as they are desperate, expect this to become a trend.

Monday, a group of 350 to 400 at-risk homeowners, organized by the Neighborhood Assistance Corporation of America, staged a series of protests outside the mansions of wealthy bankers in a moneyed Connecticut neighborhood.

Next Page  1  |  2  |  3

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

 

Rate It | View Ratings

William Cormier Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

My Bio is as varied as my life. In 2012, my twin sons murdered a Journalist in Pensacola, Fl., for 100K worth of "Magic The Gathering" playing cards and buried the body in my backyard. I was once a regular writer here, but PTSD from my son's (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Pew Research Center Shows Elites Have Destroyed America's Middle-Class

International Concern Over Iceland's Katla Volcano Erupting Soon Is Justified

This Isn't Politics -- It's A Crime Being Perpetrated Against The American People

Gas Shortage and Gas Lines in Georgia

Have Americans Forgotten The True Meaning Of Patriotism?

The Russian Conflict In Georgia Could Make War With Iran More Probable

To View Comments or Join the Conversation: