Adbusters

Are We Headed for a Crash?

We talk to the streets about the state of the world economy.

46 comments on the article “Are We Headed for a Crash?”

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Weej

I don't agree with some of what they said but it's awesome that you guys are mixing it up a bit with the vids. Keep it up.

Weej

I don't agree with some of what they said but it's awesome that you guys are mixing it up a bit with the vids. Keep it up.

cyberia

It's all going east...Russia flexes it's nationalistic muscles. India gobbles up the telecoms industries. China makes everything for everyone. What's left for the old and tired 'new' world?

I think a radical re-balancing of power is happening now, and the tipping point has been reached. We are entering darker times led by countries with no time for human rights or ecological sensitivities. I think we will have to look at small and local solutions to day to day living, but I think the inflated egos of the West will not handle the shift in consciousness necessary to cope with this.

We wait. We wonder.

cyberia

It's all going east...Russia flexes it's nationalistic muscles. India gobbles up the telecoms industries. China makes everything for everyone. What's left for the old and tired 'new' world?

I think a radical re-balancing of power is happening now, and the tipping point has been reached. We are entering darker times led by countries with no time for human rights or ecological sensitivities. I think we will have to look at small and local solutions to day to day living, but I think the inflated egos of the West will not handle the shift in consciousness necessary to cope with this.

We wait. We wonder.

haikunick

The crash of 29 came as a result of many things. Let's list some.

1) Europe was still f'ed over after WWI. The lack of buffering economy in Europe hurt Americas chances of selling goods. Over production led to employers cutting jobs.

2) Protectionism: America's tariffs led to Europe being unable buy American goods. There was also a lack of dollars to buy goods with.

3) The speculation of the stock market led people to lose their shirts, middle class and wealthy alike.

4) Don't forget the dust bowl tossing the mid-west farmers into a tailspin.

5) Florida land speculation. People began to speculate on housing and land in Florida up until the first big hurricane hit and caused the speculators to lose their shirts too.

The strong Asian, Middle East, and European economies will buoy the US economy. The real threat is running out of money and having the rest of the world buy our major businesses making us a vassal, Used-to-Be

haikunick

The crash of 29 came as a result of many things. Let's list some.

1) Europe was still f'ed over after WWI. The lack of buffering economy in Europe hurt Americas chances of selling goods. Over production led to employers cutting jobs.

2) Protectionism: America's tariffs led to Europe being unable buy American goods. There was also a lack of dollars to buy goods with.

3) The speculation of the stock market led people to lose their shirts, middle class and wealthy alike.

4) Don't forget the dust bowl tossing the mid-west farmers into a tailspin.

5) Florida land speculation. People began to speculate on housing and land in Florida up until the first big hurricane hit and caused the speculators to lose their shirts too.

The strong Asian, Middle East, and European economies will buoy the US economy. The real threat is running out of money and having the rest of the world buy our major businesses making us a vassal, Used-to-Be

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