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Posted by: canadianrancher57 1 year, 5 months ago
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canadianrancher571 year, 5 months ago
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There will always se speculative bubbles that break, but there has to be alot of factors world wide that come together to cause a depression. As we have seen in just the last little while a change in a countries currency can quickly affect the countries balance of trade which can help restore confidence in the economy and then the cycle starts on it's merry way again.
After saying all that I feel that we are approaching a situation that will lead to a world depression, there are many countries in the world right now that are in an upswing in there economies but many of them count on the U.S. as their market and with ever increasing energy costs in the U.S. the American puplic will cease to consume. The energy factor is the one factor that may not have played a part in previous depressions but it will be a major one this time.
I have been very carefull with my money over my life but I know that there is no safe investment if times get truely tough.
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