Old Project Avalon Forum (ARCHIVE) - View Single Post - Capitalism, Sustainability, and the Possibility of Global Collapse

droid56 · 10-13-2008, 09:00 PM

I know almost nothing about economics, and many of you clearly do know quite a lot about it.

I googled the word "depression", and arrived at a 2005 article that predicted a global depression was coming. In the article, the author said there are 2 kinds of depression, deflationary depression (such as the depression in the 1930's), and hyperinflationary depression (which he said happened in Germany earlier than the Great Depression).

If he is correct that there are 2 kinds of depression, which type might be coming our way? Since the American and other governments are throwing an obscene amount of money at various failing financial institutions, is it safe to assume that this money is not backed by anything real, and that the hyperinflationary type of depression is the only kind of depression that could result from their actions?

10-13-2008, 09:00 PM	#117
droid56 Avalon Senior Member Join Date: Sep 2008 Location: Western Canada Posts: 66	Re: Capitalism, Sustainability, and the Possibility of Global Collapse I know almost nothing about economics, and many of you clearly do know quite a lot about it. I googled the word "depression", and arrived at a 2005 article that predicted a global depression was coming. In the article, the author said there are 2 kinds of depression, deflationary depression (such as the depression in the 1930's), and hyperinflationary depression (which he said happened in Germany earlier than the Great Depression). If he is correct that there are 2 kinds of depression, which type might be coming our way? Since the American and other governments are throwing an obscene amount of money at various failing financial institutions, is it safe to assume that this money is not backed by anything real, and that the hyperinflationary type of depression is the only kind of depression that could result from their actions?