Am i too pessimistic or is the first global depression of the 21st century around the corner?

Comparison between the great depression and US now.The next link is a great read.Its a financial analysis of the US.Highlights:negative and growing cashflows,net worth is negative and deteriorating plus massive off-Balance sheet liabilitiesUSA Inc
Comparison between the great depression and europe now. Either way you look at it, EU and US are very close to exhausting their options especially with major defaults on the horizon. BRIC growth rates are a low and i don't think africa growth rates will help.

I wonder who wrote the USA Inc article, sounds very alarmist, very Tea party-ish!!
Anyways the reason im bullish on the US is these guys came to the brink of financial armageddon in 08 and they rushed in to put checks and balances that ensured that they woudnt be in the same position again. US Corporations are sitting on huge sums of cash, they basically adopted a lean model and the feds instituted stress tests that they have to abide by. I was at the mall over the weekend and you could hardly walk coz there were so many people. I know the first reaction is Americans buy on credit, but that credit has a limit. Despite an economic downturn, the fact that people are shopping to me is an indicator that the economy is picking up. I remember in 08 the malls were empty. http://seekingalpha.com/...ank-of-america-is-a-buy
Basically they are prepared for the worst. But this is not to say that African stocks will not outperform US, I think the wise thing to do is diversify on both markets and hopefully buy when there is blood, if the Depression ever comes around.

"Money is a tool. Not a collectible."

Sasa jameni just when i wanted to push Kismayu to the farthest corner of my mind

Sorry about that.I'm not wishing for it.Its just that when there's a global depression world war tends to follow. I think it will be for resources but at the top of the list was for energy...why water?

While US and Israel have issues with Iran 'Nukes', that can only result in a tri-partite war.

On the other hand, if Kenya wanted to divert Lake Victoria water to Natron or Magadi or somewhere, or maybe build very large dams, ofcourse the Northern countries would gang against Kenya, while upstream countries would support hoping to win a right to rivers starting in their territories.

As an example, if Kenya pushed for water rights, Rwanda, Burundi, Tanzania and Ethiopia would join on the Kenya side, Egypt and Sudan would be the antagonists, while Uganda and S. Sudan would initially be neutral before joining the Kenya side. In no time, the whole Maghreb would be supporting the North while Black Africa would be definitely South.

Conspiracy theory

A certain mathematician made some calculations about two months back and concluded that there is NOT enough nuclear weapons to destroy the WHOLE world. He's called Kihanya (I forget the other name)

For wars I can't really speculate all I know is there will always be wars. About nukes, they are usually threat deterrents not tactical weapons because if everyone deploys their nukes no one wins.

The source of River Nile is Lake Victoria and the water springs from underground flowing North. So Kenya diverting the Nile is impossible, tho some rivers flow to that basin called Lake Victoria