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Your Turn: Are You Confident About The Economy?
by Countable
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  • Mack

    If you go to the federal reserve economic data website (FRED) at the St. Louis federal reserve bank website, you can create your own graphs. You can also create a graph that shows the longest we've ever gone without a recession is about 10 years. Yes, I am confident that we will have another recession, this historically by the year 2020. I am also confident that this repeating boom and bust cycle is caused by the banking system. The basic problem is that when you borrow money into existence, you can't borrow any money to pay the interest. When you pay back the principal, it cancels out the money, and then you have no money to pay the interest. Study the work of Bernard Lietaer, architect of the Euro system for more info.

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