bolek: A lot of people are saying that if America fails to get out of this economic mess its only option will be to create a world war
That was way back in the day when the US actually produced stuff. Now that China and every other cheap country would be producing most of the items required for battle (and until know has been supplying for the Afghan-Iraq "conflict") this would have no benefit for the US. Maybe actually only a negative one, taxes would increase, hence pooring the US even more.
Deise 07: While the history books may tell us that the problems of the 1930s were political in nature, the system was under real threat and war got the economies moving again. The reconstruction boom afterwards also made a lot of people rich. Its not beyond the bounds of possibilites that history will repeat itself.
History has changed a lot! Much of the problems in the US are due to outsourcing, and fraud. Jobs have been fleeing to cheaper countries for decades, the stock market severe decline and accounting/management fraud are all reasons why the history will not repeat itself the same way as it did in the past.
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