The Chances of a Depression

Depression

11-19-2008 I feel that the USA is already bankrupt and the only way to pay for all of this is to crank up the printing presses and to tax the middle class. Can you say inflation? I would not be amazed if there are runs on some banks by the end of April 2009. Too many politicians have forgotten whose money they are spending and act as though all of our money is theirs. I fear that Obama will nationalize your 401k retirement accounts to help pay for this financial mess the US is in. I live in third world country as I cannot afford to live in the USA. While I was born in Oregon and raised in Washington I have to retire abroad in order to live comfortably. What does that say about the economy of the US. I am finding more and more retiring Americans are becoming my neighbors in this country where i have retired. My brother has also join me here when he retired for the same reasons I did. Hang on folks you are about to have a bumpy ride. RLB

Robert Busenbark @ Nov 19, 2008 06:33:53 AM