We are not headed for a depression. We are headed for an awakening.
This nation was built on the backs of farmers... on grit, work ethic and determination... with some exceptions, these traits are being bred out of subsequent generations by an overindulgent parenting model, and educational system.
Each generation is guided to "reach higher" which in America has somehow come to mean get as rich as possible... it all falls back to the almighty greenback... and the real money is not work where you use your hands, it's where you use your head. Lawyers, accountants, administrators, CEO's, doctors... our "best & brightest" are pushed to a professional life, which provides a service, and generally consumes rather than produces... they are not "value-added" careers...
Throw any 17 year old a cell phone, camera, laptop--they'll begin running it effortlessly... throw them a tape measure, a chainsaw, or a pickaxe... what will you see?
We continue to diminish the importance of productivity, work ethic, creation of value in favor of material wealth... we shift our talents away from the foundations that built the economy to the areas that benefit the most personally.
We have created this problem ourselves, and we will come to a solution, but lifestyles will change, and conveniences we take for granted will diminish into necessities. We will re-learn to do for ourselves more & more the tighter the dollar gets.
The world that has been shrinking for so many years gets just that much bigger with every hike in oil.
I'm not by any means saying there will be some resounding crash, and the "depression siren" will start blaring... it will be an atrophy, in some cases nearly imperceptible, that will eventually bottom out to where the "new" standard of living will ultimately be... we will ultimately shift away from a broad service economy based on consumption to more localized economies.
My stimulus check went to a deep freeze, a rifle, and my biggest garden to date... I am blessed to live in a place where hunger & warmth should never affect any able-bodied person.
Who knows really... only time will tell.