CNBC warns of possible coming depression

You know it can't be good when MSM starts telling end of the good times scenarios. According to Darryl Guppy, CEO of Guppytrading.com, the markets world wide are showing signs of a depression coming. Using historical data and charts, we see that the same pattern of market fluctuations from the second down turn of the economy from 1929 to 1930 are being repeated. As I have said in previous posts, the steps being taken by the Libertardians are ruining the economy. You cannot cut spending right now except in non critical areas. Things like our legal system, our medical system, our infrastructure, our economic patterns all need to be radically changed. And considering how well Congress is at doing anything at the this point, we can safely say we're screwed. Military budget needs to be slashed by 2/3rds. Social Security needs to be pared down as well as ALL medical costs. Will this happen? Never in a million years. Ten million people could protest till they were blue in the face and it still wouldn't matter. The writing was on the wall for months that a major market correction will happen soon. I am not the only one to notice as seen now by CNBC. The Chinese market is overvalued. Their Market average slipped 1.7% yesterday, a significant downturn,. Tomorrow's trading could be equally volatile. The decision to stop the jobs bill in this country is having horrific effects and it's only Monday. I know somebody who needed an EMT recently. They were almost 30 minutes getting there (she lives in a major city), were rude and didn't have things like tape or gauze or disinfectant. Had this been a major emergency, she would have died. So for all you who don't think that the jobs bill was important, remember it was more than just about unemployment but state aid and tax breaks for small busniesses. Incidently, the real unemployment rate is now 21.5% if you remove all the little accounting tricks they use to deflate the figure that even the nightly news gives with derision. A war grown nearer with a conflict that could go world wide, our economy is going to be in the shambles, and the new bank bill could doom us all, giving the FED unheard of powers that are almost dictorial. Pray it doesn't pass. I grow ever fearful of what is to come. All the signs point to something bad. Very bad.