A Looming Depression

With Red China's markets collapsing, is the world about to enter an economic depression? I fear it might be. Oil prices have crashed. While motorists may end up paying less at the pumps, this is not necessarily good news as widely-held oil stocks are also sinking. The US Federal Reserve is out of arrows in its proverbial quiver to stabilize the US economy. Barack Hussein Obama is clueless as to what might turn the economy around. The world was able to absorb the fall of Greece, which is a small nation with an economy that is not crucial to the world. The global economy will be crushed if Red China does not rebound.