| noname2200 said: I repeat: we've been through far, far worse. Reconstruction, the Great Depression, Stagflation...loads of personal debts, mortgage crises, energy crises, hostilities abroad, none of this is new, and none of what we're going through now is anywhere near as severe as it was in the thirties or seventies. We survived then, we'll survive now. Although I'm curious as to why you're so certain that things are only going to get gloomier. Not to attack you personally or anything, but what exactly is it about now that you think will bring us down?
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I'll just point out two things:
1- The US (and the world) has endured hardship in the past, but that doesn't mean a combination of factors can't cause significant damage. Many countries are starting to see a depression combined with stagflation plus credit crisis, and the start of an energy crisis. That's not something we've seen before, I believe.
2- The more the economy advances, the more sensitive it can potentially be to disruption. The system gets more and more sensitive as time goes by. Resilience is not in today's vocabulary, it's all Just-in-Time inventory based. Look at fuel supplies for the next few weeks as an example.
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