Are We On the Verge of the Next Depression?

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Are we on the verge of the next Great Depression? The last one happened just like this one is unfolding. First there was a housing bubble burst followed by a tech bubble burst…both have just occurred.

Are banks are one step away from nationalization. Somethign that happened during the Depression.

Our economy is in tatters and we are reeling from one bad story to the next. Unless you have been living under a rock, you know what I am talking about.

Our 401K’s have been ravaged, we are at war in 2 countries and we owe just about everyone more then we can pay back in 2 decades.

Ford Motor and GM are trading at $2 and $4 a share- their capital nearly exhausted, they stand ready to disappear.

What can happen next?

Related articles:

• The End of Prosperity?
• http://www.cnn.com/2008/US/02/28/beck.commentary/index.html

6.0 Magnitude Earthquake Hits Central Afghanistan

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The United States Geological Service is reporting that a 6.0 magnitude earthquake has hit central Afghanistan at 6:56 PM (EST) approximately 40 miles South Southeast of KABUL, Afghanistan and 60 miles West Southwest of Jalalabad, Afghanistan.