Are we headed for a depression?

@whywiki (6070)
Canada
July 8, 2008 11:03am CST
Everything is getting more costly. The 100 mile diet is starting to make sense. Our unleaded gas is at 152.9 cents per litre in Canada. I bought a bread machine because $3 a loaf is retarded. We are going to buy motor scooters because at least they get good gas mileage. Can't really complain as diesel is about 10 Euros a gallon in England. How long can we take these increases before they really start to affect us in a deep way? How many jobs will we have to work just to survive? Is the world up for a crisis?
3 people like this
13 responses
@nixxi76 (3192)
• Canada
9 Jul 08
Yeah I"m not sure what's happening to the economy now these days. I remember when you could take your car to the gas station and fill it up with $20.00. Now I wouldn't even dream of that. I see that trucks are being discontinued with GM now too because of the loss of business. If I didn't have to drive 40 minutes to get to work everyday then I would definitly buy a scooter forsure! My hubby mentioned about two months ago that the cost of wheat was going up because the crops were not growing so well and they were having a shortage. I've noticed just recently that groceries are so expensive as well, not to mention everything else too. The only thing that I don't see increasing is my wages at work. My friend and I opened a home daycare on the 2nd of July to help our incomes and it's been alright so now I"m working two jobs at this time.
@whywiki (6070)
• Canada
9 Jul 08
That is the major problem, paycheques! I have noticed an increase in my grocery bill too. It is hard to believe that as recently as the 1950's only one person in the family had to work and only one job!
1 person likes this
@nixxi76 (3192)
• Canada
9 Jul 08
Speaking of fuel, I heard on the radio that here in Canada the gas stations want the government to make a new law for people to prepay for gas as people are filling up and dashing! I have an answer for this problem... how about lowering the gas prices??? Sheesh! As if the government doesn't make enough money already!
@whywiki (6070)
• Canada
9 Jul 08
In BC that law is already in effect. It is a pain in the as$! Last week a guy was siphoning gas from u-haul trucks into his truck with an electric motor doing the sucking and it caught fire and his truck was destroyed!
1 person likes this
@naty1941 (2336)
• United States
8 Jul 08
Yesterday we paid $4.55 for a gallon of gasoline. I went to the grocery store last week and the prices keep raising. I don't know when this is going to end but it feels like it will continue here in the USA for a long time.
@whywiki (6070)
• Canada
8 Jul 08
Wow $4.55 a gallon. When I was in Seattle a month or so ago it was at $3.95 and now it is at $4.55 a gallon. It feels like there is no end in sight in Canada either. I think our governments are going to have to act fast to save the economies from further disaster.
• United States
9 Jul 08
I feel your pain. No, seriously, In Malibu the cheapest lowest-grade gas goes for a whooping 4.79. Now I've seen even worse prices down there so this is considered pretty good. Economy is going down badly, but the US is big so it takes an exagerated amount of time to actually see a dramatic difference.
@whywiki (6070)
• Canada
9 Jul 08
I think the poor will feel it hardest and fastest and nothing will be done until it hurts the rich.
@salonga (27821)
• Philippines
9 Jul 08
Well I believe we are already in the beginning of a crisis and unless God will intervene we are really heading for a bigger crisis. But in the midst of all this crisis, I trust that God's promises. I know He will never leave us nor forsake us and I hold on to his promises and that what makes me calm in the midst of everything.
• Canada
9 Jul 08
Thank you!
@whywiki (6070)
• Canada
9 Jul 08
Not to be negative but should not god have intervened and stopped this before it started?
• United States
8 Jul 08
Well I think it is definately safe to say that this nation is already ina recession. The prices keep on rising, but the salaries are remaining constant. The United States already had a massive debt befor Bush took office, but since he took office it has grown dramtically from useless spending. This "war" is costing us a great deal of money, and I don't think it is a fight that can be won. You are right diesel prices are absurd and the price of food is steadily rising. Another problem is the unemployment. I mean working multiple jobs would help, but good luck finding them.
@whywiki (6070)
• Canada
8 Jul 08
I live in a town where we are so short on manpower for menial jobs that we have the option in this town, I forget that it isn't this way in most cities. It is like the 80's all over again with the lack of good jobs in different cities. I know the war is taking up so many resources and it is money that could help so much in your own country to help the poor and working class. But then again I look at the repression that women have to endure under taliban rule and I have to think that the war is doing at least a little for these women and children and even though it is costing lives of innocents and billions of dollars to fight maybe it is worth it just so that girls will have the right to education and the women a right to teach and be equal to en without the Taliban telling them how to act and think. I don't know if war is the way to achieve this but it needs to be achieved.
@amrishkj (297)
• India
9 Jul 08
and Mr.Bush wants to go to war with IRAN before he leaves. how shameful. to him IRAN is more important than the oil prices or food prices. we have to pay for what our stupid politicians mistakes.
@whywiki (6070)
• Canada
9 Jul 08
I can't stand Bush and his politics, the faster he is gone the better. The thing that scares me is when America goes to war then the rest of the world including us Canadians get involved, poor Iran.
@wrdsofwisdm (1070)
• United States
8 Jul 08
In Illinois and surrounding states, I think we are. The banks' greed has caused many to lose their homes and now the banks are bogged down with empty houses to get rid of. Gas is outrageous and our lovely leader will do Nothing About It. Independent truckers are unable to fill their tanks...any business that invloves transportation is feeling the pain too. The airlines are in trouble. Jobs are far and few. Builders and contractors are practically jobless. The value of the dollar has dropped. I think we are headed for big trouble. T he terrorists are probably laughing, just watching the U.S. get weaker and weaker. How much man power do we even have left here in the states? Not much when the govt. is thinking about reinstating the draft! I am ready to get the hell outa here.
@whywiki (6070)
• Canada
8 Jul 08
Maybe this was the terrorists big plot? Maybe the towers were just their way of making the Americans throw all their money and resources at the war on terror. I had forgotten about all the homes foreclosed on. It seems that North America is in for some hard times. I hadn't heard about them thinking of reinstating the draft down there. How horrible. It looks like it is just in time that that wacko Bush gets out of office. The question is whether it will be in time for Obama to be able to save the day.
• United States
8 Jul 08
Yes, it's sad but true. Many people I know and talk to here at home choose to pretend we are not in the trouble we're in. I choose to keep both eyes wide open. We are in Big Trouble. Fellow Americans...don't think Bin Laden isn't watching us crumble. He's sitting there rubbing his hands together and smiling at how much we are weakening ourselves. Weak prey is easy prey. Even the rich are feeling the pain of our economy. Businesses are crumbling on a weekly basis. Peple are jobless, homeless, and hungry. We even have terrible health insurance and prescription plans. Even when we get a new president, it's going to take a long time to repair all this damage, if we don't get attacked first.
@whywiki (6070)
• Canada
8 Jul 08
I think Osama is rubbing his hands together too, he has succeeded by helping the world crumble. It is sad but true.
@piasabird (1737)
• United States
8 Jul 08
I don't want to think that we are headed for a depression. Sometimes a rumor like that gets started and then becomes true. lol We are far too dependent on foreign oil, that's for sure. It's the price of gas and the natural disasters that occured that are causing our prices to go up here in the U.S. We had crops that just didn't make it. Plus with all the flooding in the midwest this year I look for things to get worse here. I, too, have thought about scooters. I mostly ride around town anyway. I work just a mile from home. I would do more walking but I have back problems. So a scooter would make sense to me. And I won't pay $3 for a loaf of bread! I will make my own or not eat any. I'll just tell myself that the carbs are bad for me. lol
@whywiki (6070)
• Canada
8 Jul 08
I had heard that the corn crops were going to be great this year and that the farmers were looking at making a profit this year and then the floods came. How horrible for the farmers but it is going to show in the prices of corn products the nation over. If it isn't one thing it is the other it seems. I see a growing popularity in the scooter market.
@piasabird (1737)
• United States
8 Jul 08
LOL I wish I would have gone into the scooter business a couple of years ago. Just about everything has high fructose corn syrup in it as a sweetener. So the corn crop is definitely going to affect prices. Not to mention the part they make into ethanol. I just got back from the grocery store and I paid $1.29 for a loaf of whole wheat white bread. I don't know where some people are buying bread. A fellow mylotter said she paid $4 for a loaf of bread yesterday. I just wouldn't do it! Most times I buy day old bread and get it cheaper.
@Bluepatch (2480)
• Trinidad And Tobago
9 Jul 08
It looks like its coming. Between the continuing disasters and that enormously expensive war in Iraq don't be surprised at anything. I don't believe the world is ending, as some people do, but we are definetely headed for a truly serious crises both economically and otherwise. Bread in Trinidad has moved from TT $ 6. to TT $ 10. and the other price increases are not stopping. I used to ride a scooter, by the way, its a lot of fun.
@whywiki (6070)
• Canada
9 Jul 08
I think the world could probably cope much better if the disasters would stop coming so fast and furious. Imagine how bad it will be if Bush attacks Iran. I think being a scooter girl will be fun if I can ever afford one!
• Canada
9 Jul 08
I agree. I am one of the thousands of Americans who has moved just last week in order to save on gas. I was spending $450 per month on gas just to get back and forth to work, now I live 2 milles away in a better community so my rent is up about $100 so I still save but what else will I have to change soon just to survive. I'm alittle afraid of what will happen to us. I'm thinking about getting married sooner than planned mainly for financial reasons.
@whywiki (6070)
• Canada
9 Jul 08
It sounds as if maybe this crisis will have some positives to it like better neighbourhoods to live in and saving on gas. Congrats on your upcoming marriage, that could be a good thing too.
@YoungInLove (1254)
• Canada
9 Jul 08
this is a very scary thing we are going through right now. Prices are rising but our salaries are staying the same. Im working two jobs and dont make nearly enough to last me until the next pay check. And nothing is worse then worrying bout whether or not youll have enough money to keep you going. This is just reiduclous, everyone is getting to be too greedy. The government has to stop enforcing all these dumb taxes, and there has to be something done about gas prices. Its getting to a point where people cant afford to drive to work and can't afford the necessities. Pretty soon everyone will live in poverty, and no one will be able to afford anything.
@whywiki (6070)
• Canada
9 Jul 08
It is pretty bad when all we can do to stay above water is work two jobs or more and walk everywhere! It would be nice if the governments of these countries in crisis would wake up to the needs of the working classes and not just the rich.
@vorksholk (122)
• United States
9 Jul 08
I think that our country, and possibly the whole world is in an economical bubble, but soon the bubble will, pop, stocks will drop, gas and food will be cheaper, and the stock market centered around Gold, Silver, Copper, fuel and corn will plummet so low that the company's will have to charge less. Don't invest in comroderities such as food and gold, because when the bubble pops like it did in technology, you will loose a lot of money.
@whywiki (6070)
• Canada
9 Jul 08
On the plus side of being working class poor is I don't have to worry about investments!
@twallace (2675)
• United States
9 Jul 08
I wouldn't say a depression but things are really tight right now for everyone. It seems like gas is going up all over the world and right now people are waiting to see if it will go up or down. Along with the gas, the cost of food is going up as well. That is something else to see how one thing changing has change everything else. Gas up and so is everything else going up too. If the world is in a crisis have to wait and see what the rest of the year will be like before that could be said. Maybe things will level out by the end of the year. Right now things are on a waiting scale to see if it will get better or worst.
@whywiki (6070)
• Canada
9 Jul 08
With the crop failures in the USA and the raising gas prices I think that it will be years before North America recovers. Then in Europe with diesel reaching $10 a gallon I can see a lot of suffering coming if nothing is done.
• United States
8 Jul 08
We sure are feeling it to. My husband is a truck driver and with the Diesel prices being so high it is hard to make a living. I to make my own bread and have become cheap now. Any where I can save. When I can walk I walk instead of taking the car. Gas is $4.20 here and diesel is over $5 bucks a gallon. Milk is almost $4. Outrageous
@whywiki (6070)
• Canada
8 Jul 08
I feel for your husband. We own a cab and the cost of running it is skyrocketing and we are only allowed to increase the meters as the government says so we have to eat a lot of the new costs and it sure adds up. I heard on the news the other day where the U.S. government has raised the maximum on the amount allowed to me charged for milk. There must be a solution to this crisis and I hope we find it before we are in a depression.
@chrislotz (8200)
• Canada
31 Aug 08
First, wow, where do you live in Canada, 152.9. I live in Calgary, Alberta and the most ours went up to was 139.9 and I thought that was bad. It is now down to 122.4 and that is way too much. Of course this being the long weekend it went up again, yesterday, to 129.9 but by Tuesday or Wednesday it will be down again to 122.4, I am sure. I think the days it was under a dollar are over. Now they are killing us with the price of food. I used to be able to buy a loaf of bread made fresh every day, at coop, for $1.00. And that was only about 4 months ago. Now I can't get a loaf of bread for under $2.00. And the price of flour, to make my own bread, is just as crazy. A ten pound bag of flour is now $19.99 where 6 months ago it was only around $5.99. A person can't afford to make their own bread anymore, never mind baking. Even the cost of Betty Crooker cake mix has gone from 99 cents to $3.49. I know because I just bought two boxes the other day and I couldn't believe the price, but sometimes we have to treat ourselves so I bought them anyways. I think the world is going to be in a whole lot of trouble in the next few years if something doesn't change. There are more and more plants shutting down and more and more people being homeless because they can't find a job and they lose their houses. I live in Calgary and the oil boom is over and some people are going to get laid off, I am sure, and then how are they going to pay their mortgages of $4,000 and $5,000 a month. And even if they try to sell thier house, the market will go down because of so many people being laid off, they will not get enough money for them to pay off their mortgages. You can't buy a house here in Calgary for under $300,000. And most of the house here are worth $600,000.00 or more. So if they can't pay off their mortgages after selling it, some of them will have to go bankrupt. There will be so many homeless people then. This can happen in any city and then what will happen to everyone. I don't think the world is prepared to handle a crises of this great intensity.