• Login
No Result
View All Result
The Urban Twist
NEWSLETTERS
  • News
  • Politics
  • Entertainment
  • Culture
    • Lifestyle
  • Features
  • Opinion
The Urban Twist
No Result
View All Result

Home » News » Money » Should We Be Preparing for Another Depression?

Should We Be Preparing for Another Depression?

Could another depression similar to the one of 1929 be right around the corner?
  • By Troy Patterson
  • /
  • February 1, 2015
Facebook
Reddit
Email

If you pay attention to the stock market, then you would have no reason to think that anything is wrong. The Dow Jones keeps hitting records, job unemployment is as low as it’s been in the nineties and big businesses have never been more profitable. Not bad for an economy on the brink of collapse less than ten years ago. It seems the financial district and Wall Street have gotten back on track from where they were back in 2007. The looming question by economists is when will it happen again? We may have already gotten the answer we’re looking for.

I’ve never been a person to fall into the hype of conspiracy theories and half-truths, but my perspective on our government has changed over the last few years. Since the recession happened, only one person went to jail and recently a House bill was approved that was mainly written by Citigroup lobbyists that gave a lot of leeway for the banks to bet on risky derivatives, much like they did before. On top of that 80 of the richest people now have nearly half of the world’s wealth and by next year they will have more wealth than billions of people.

Banks around the world are still a little questionable about trusting US banks. What’s taking my suspicion to new heights is that fact that bankers from different banks and high-ranking positions have got killed or committing suicide at an alarming rate. According to Intellihub more than 36 bankers have died within the past year. Shawn D. Miller, the managing director and social risk management for Citigroup was found back in Nov. in his apartment with his throat slit. It’s not just here, but bankers and other financial personnel and have been popping up dead in foreign countries as well. This seems to be a part of a nasty fluke, someone or a group is trying to make sure no one tells about anything leading into what the banks are preparing for now.

Donation

Buy author a coffee

Donate
Tags: Bank of AmericaBankscitigroupfinancial crisisJP Morgantrending
Troy Patterson

Troy Patterson

Writing has always been an outlet of enjoyment for me and a hobby. Within the last few years I'm taking the steps to turn my passion into a career path. I have articles featured in two online entertainment publications. Topics I enjoy talking about are human rights, civil rights, entertainment, history and politics.

From The Web

Related Stories

Related Posts

Free-Spirited Songbird: Makhyli
Entertainment

Free-Spirited Songbird: Makhyli

May 6, 2025
Kendrick Lamar gives rousing performance during Super Bowl LIX’s Halftime Show
Entertainment

Kendrick Lamar gives rousing performance during Super Bowl LIX’s Halftime Show

February 9, 2025
Doechii delivers captivating Grammy performance and scores first Grammy win for Best Rap Album
Entertainment

Doechii delivers captivating Grammy performance and scores first Grammy win for Best Rap Album

February 3, 2025
Eternal Holiday Hit: Mariah Carey’s “All I Want for Christmas Is You”
Entertainment

Eternal Holiday Hit: Mariah Carey’s “All I Want for Christmas Is You”

December 5, 2024
Megan Thee Stallion and Yuki Chiba sizzle in new “Mamushi” video
Entertainment

Megan Thee Stallion and Yuki Chiba sizzle in new “Mamushi” video

August 10, 2024
Eric Benét and Tamar Braxton heat up the summer with new single, “Something We Can Make Love To”
Entertainment

Eric Benét and Tamar Braxton heat up the summer with new single, “Something We Can Make Love To”

June 29, 2024

TRENDING HEADLINES

LATEST NEWS

Superman Soars Past Snyder’s Shadow, Bringing Heart, Humor, and Hope Back to the Big Screen

Superman Soars Past Snyder’s Shadow, Bringing Heart, Humor, and Hope Back to the Big Screen

Ryan Coogler’s ‘Sinners’ Delivers a Haunting Blend of History and Horror

Ryan Coogler’s ‘Sinners’ Delivers a Haunting Blend of History and Horror

Free-Spirited Songbird: Makhyli

Free-Spirited Songbird: Makhyli

2 months ago
Issa Rae’s Black Mirror Debut Sparks Mixed Reactions: Fans Question ‘Hotel Reverie’ Performance

Issa Rae’s Black Mirror Debut Sparks Mixed Reactions: Fans Question ‘Hotel Reverie’ Performance

3 months ago
NAACP Sues Department of Education Over Anti-DEI Orders Targeting Black Students

NAACP Sues Department of Education Over Anti-DEI Orders Targeting Black Students

3 months ago
Serena Williams Shuts Down Drake Shade Rumors After Super Bowl Cameo

Serena Williams Shuts Down Drake Shade Rumors After Super Bowl Cameo

3 months ago
  • Write For Us
  • Contact Us
  • Terms
  • Privacy
  • Copyright & DMCA
  • About Us
  • Fact Checking Policy
  • Corrections Policy
  • Ethics Policy
  • Ownership Policy
  • MarketersMEDIA Newswire​

Copyright © 2021 Phoenix Stokes Media Group, LLC. All rights reserved.
Website designed and developed by P.S. Web Pros.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Entertainment
  • Culture
    • Lifestyle
  • Features
  • Opinion

Copyright © 2021 Phoenix Stokes Media Group, LLC. All rights reserved.
Website designed and developed by P.S. Web Pros.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.