Recession Or Depression In Our Economy????

RECESSION OR DEPRESSION IN OUR ECONOMY?

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More than seven moths ago, I wrote an article Describing, up to the very last point,-what would Happen to this (our country the USA), if we continued Spending "Billions? (By now Trillions) of dollars in a futile war That Should HAD never been started. - All for a country That is not our country and Whose Problems We Will Never Be Able to resolve .-, it is our duty rules to resolve .- This country, IRAQ, never represent danger to the U.S., as well it Has Been ESTABLISHED .-



The money Spent in This War, Together With The housing market, and the deficit - is what you have created the situation we are now Economic Facing .-



Up to date, More Than 90 banks, and brokerage Many FIRMS like Merrill Lynch,

CityCorp, etc.., Are in Serious Trouble .-



Just today, July 14th, 2008 - Hundreds of customers of the IndyMac Bank of Pasadena, California, With deposits in Excess of the insured limits (100,000 flooded The Bank branches .-),- Demanding Their Withdrawals of money, or to get answers About the fate of Their funds .- For Many of Them, These funds Savings .- Represent Their Lives



The officers of IndyMac shut down the California based Bank on Friday, Transferred and control of it's assets to the Federal Deposit Insurance Corp. (FDIC) .-

With the failed bank now under Federal control, Hundreds of people lined These Up Before Dawn, outside STI headquarters branch in Pasadena.



IndyMac is the largest thrift to fail Regulated, and the second largest Financial institution to close IN U.S. HISTORY .-



And let's not mention the Even "Stock Market? .-. This Is Another Economic Situation Completely out of control. The one meter to measure the economics of a country, is by the performance of Their Stock Market (or Stock Market - in Spanish) .-



If the stock market performing the way Keeps Has Been doing it for Many months,

A RECESSION is imminent .- This is a terrible sign of falling Into the Great Depression of 1929. If you are aware of the crash of 1929, Will you notice the similarity in patterns .-



There is a limit to what the Federal Reserve can do In This situation, Even Though the reserves of This are the MOST powerful country in the whole world. The Members of the Federal Reserve Board are Placed On That board to Exercise Their Own and Their Minds Judgments own, and not blindly succumb to arguments to Have That little basis "According To Them?, and lead to disastrous Consequences Could .-

This Means That According To Them, it is never wise to follow placidly Along dictate when to good Judgement Should Otherwise. There is a phrase of Economic Forecasting That Critics like to use: "Give an economist to result you want, and he'll find the numbers to justify it.?



There is a Saying That for every ACTION THERE IS AN EQUAL AND OPPOSITE REACTION .- An ill-advised half-percent increase in the Federal Reserve Funds, can cost Hundreds of Thousands of jobs and absolutely devastate whole of the economy Sectors .- It is That an Enormous power MOST not be lightly exercises.



When the Federal Reserve decide to raise rates, They ca n tell, fairly precisely How Many Businesses Will declare bankruptcy, How Many People Will Loose Their jobs, How Many Will Be Foreclosed homes. - Other Consequences If They Might decide to arrive lower rates .- They Have all the data, neatly bound, Carefully Studied.



Money is the root of all evil, or more accurately Perhaps state, THE LACK OF MONEY is the root of all evil .-



Many people ignore That The Federal Reserve wire transfers out more than "One Trillion DOLLARS PER DAY?, To Maintain Policies and to insure STI That the commercial banking system .- Operates Smoothly And yet, this is not helping the Even economy .-



My question is, - wh at will Happen "IF 'The Federal Reserve runs out of money .- Happen This may very well, although very slight There Is a Possibility .-



Therefor, if we do not stop Spending Trillions of Dollars in the war in Iraq, - stop helping other Countries, who do not deserve it Even, the deficit-stop,-stop manufacturing goods like computers, cars and other technology overseas like in India and China to save in the price of labor, - which in turn Increases Unemployment in the U.S., - then There Will never be a solution to our Many problems.



But the worst part of This Is That whole terrifying picture Neither one of the presidential candidates for the next presidential elections, have the "brains? or expertise to Deal With the Extremely Serious Problems That are killing this country .- Practically



As a matter of FACT, I do not believe There Is Any human being Able to tackle ..- These Problems Would We Need God Himself sitting in the White House and create a "MIRACLE" .-



AND, OF COURSE, NOT-WE FORGET TO THANK MUS MR. Destroying OUR COUNTRY FOR BUSH.!

- All we can do is pray .-



Eva Diaz de la Torriente

July 14, 2008 .-