Double Dip Recession Coming?

The Wall Street Journal has reported that the Fed is preparing for a double dip scenario. They have many reasons to be concerned and we can be sure that if a double dip happens, the Fed will respond with more money printing.

Gold, Silver, double dip, recession, Bullion, Investing, Inflation, Hyperinflation, Peter Schiff, Marc Faber, Jim Cramer, Gerald Celente, Jim Rogers, Nouriel Roubini, Glen Beck, Barack Obama, Bernanke, stock market, stocks, Robert Kiyosaki, Jim Sinclair, gold intelligence, gold-intelligence.com

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News & Politics

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• Gold
• Silver
• double dip
• recession
• Bullion
• Investing
• Inflation
• Hyperinflation
• Peter Schiff
• Marc Faber
• Jim Cramer
• Gerald Celente
• Jim Rogers
• Nouriel Roubini
• Glen Beck
• Barack Obama
• Bernanke
• stock market
• stocks
• Robert Kiyosaki
• Jim Sinclair
• gold intelligence
• gold-intelligence.com

[newave123456]

Credit is not the life blood of an economy. Credit does not really exist. Savings does.....

[GoldIntelligence]

@newave123456 Credit does not exist? No clue what you are trying to say there. Credit can't exist without savings, so in a sense, both are really the lifeblood of the economy. However, savings alone does very little. How could businesses form without credit? Without the modern financial system and credit, this country would be nothing.

[newave123456]

@GoldIntelligence Many companies in the past formed without the use of credit. I started my company without credit. Does this disprove your point?

[GoldIntelligence]

@newave123456 That does not disprove my point. 99% of businesses use credit. Plus, most of their customers use credit. Without credit, business transactions would stagnate, or become lifeless. Hence, credit is the lifeblood.

[bi0dude42O]

credit is not he life blood of an economy, savings is.

[GoldIntelligence]

@bi0dude42O I think credit brings an economy to life. It's nearly impossible to start a major business and hire workers without credit. Without financing, almost nothing would get done. Savings alone doesn't go very far.

But I agree with you that you can't have credit without savings, and that is the problem we are facing in the western world. At some point, you need to have savings to go into more debt and we have reached the saturation point.

[baigandine]

"Hope for the best plan for the worst"

[doh1959]

30 yrs ago our manufacturing capability was systematically ripped apart in favour of becoming a nation of shop keepers and money jugglers not only is a double dip recession coming in my opinion recession never left. this truth is this country is bust if you tried to run your company like it you would be behind bars

[Fiscus128]

Cash is the life blood of the economy, while credit is the lubricant for the economic process. However, credit (trust) must be supported by performance. Irresponsibly providing credit ultimately leads to a failure in cash and that's where the real problems start. Think in terms of supply chains on a global scale to have a better understanding of the implications.

[newave123456]

@GoldIntelligence Ok, I here what you are saying but i disagree with it. Credit was not really apart of most businesses. It was common practice to use the lay away system or collateral system. I'm not sure how old you are but credit for most small businesses and customers are new (within the last 30 yrs or so). You can look it up if you don't believe me. Credit encourages debt and NOW we are in a debt system. We need to go back to layaway and collateral system and THAT encourages savings.

[joe035]

@andrew09211 Ron Paul wanted to drive the stake in, liberals spending did the job for him.

[joe035]

@andrew09211 That would be great live within our means, instead of our politicains word.