Will There Be a Worldwide Economic Depression?

Actually, there probably will be.

Hopefully this upcoming presidental election will save us all.

NO ! Actually, there will be a total realignment of the entire Global monetary system. Most people do not know, that every 40 - 50 years (the last time was in 1970), money has to re-invent itself. With today's, record and historical debt loads, there is no way, that this system can continue on without imploding ! Monetization of debt has not worked and is destroying the purchasing power of currency, via INflation. True wealth and the best way to protect your wealth is to purchase physical Gold or other precious metals (jewellery too) and store them outside the current Banking system. Gold holds its intrinsic value and is the best resource to protect against the coming currency collapse. The Banker, J P Morgan, back in 1929 stood before a Senate Committee meeting and was asked about Gold. Morgan replied, "Only Gold is money ... all else is just credit" !

Yes there will as our economy effects the world and when we don't have money to buy the worlds goods then it just snow balls out of control, and if there is a run on the banks because people panic, this is a depression all over again. The good life is definitely over now.

names, dates, places change but the concept always stay the same. My history teacher taught me that. world war, Depression, Genocide will all occur again. In a way, all three have already been set into motion. In fact expect to see Depression,Genocide and World War to all take place, in that order, with in the next 10-30years.

I think thee has to be. Its almost 100years since the last one. Even insurance companies who sell flood insurance base rates on the 100 year floods.

Yes and the forces that are causing it are not stoppable . Governments could help ease the problem but they are so corrupt they do not care even it they see what is coming .