Has the economy ever been as bad as it’s going to be?

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I’ve heard from many people that the US is about to collapse and fall to China. As the pessemistic fifteen year old kid I am, I somewhat believe them. But some WW2 vets claim that the Great Depression was worse than anything that could possibly happen now. Full stars for best answer.

✅ Answers

? Best Answer

  • The IMF predicted, it would not go beyond 2% until the end of this year. China is going down either.

  • This will dwarf the Great Depression since there is only a will for further destruction.

  • On a long enough time line the US has had some sort of recession about every 15yrs. the one that started in 06′ has proved to be detrimental to socio and economic equality of the nation especially on the working class and in rural areas….among other things your question’s syntax is a little off, and somewhat confusing…..but i think i get the meaning and there is no telling what hold the future of people who care only about material wealth, racism bleeds this country, yet classism is the real issue here. while we fight and kick each other out of the little boat we are all in we are missing an importunity to gain a better standard of living as a whole…

    China has made so much money from our greed, that they bought in to our stocks and bonds and now we owe them something like 13 trillion dollars, the problem is the way they regulate the yen to the dollar, its would destroy the US economy IF they actually cashed in said bonds and stocks, so in short it prolly would never happen, we don’t have the funds, the FED could inflate the monies, but we’;d be back in the same situation as wall street even worse, we will find away around it, i believe

  • Even if the US continues to struggle and China continues to grow it would take decades to overtake the US. And the US will go through ups as well as downs, as will China, so I think it’s safe to say this will be an American century.

    The Depression was terrible because the economy didn’t have the depth and strength it has now. The dotcom bubble burst in 20 and actually took a larger percentage off the stock market than the Depression. But there was no massive unemployment/starvation/suicide/civil and union unrest because by 20 the US economy had the strength to keep just about everyone fed and housed.

  • The US is obviously the best country in the world, that’s why we have China working for us. 🙂

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