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Country Discussion Topics
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Signs???
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KatG    Posted 11-20-2004 at 16:55:48       [Reply]  [Send Email]
Is there anyone that was around during the great depression??? My Mamma was...she is 83...I ask her was there any signs that something was going to happen before It hit...she said that they were so poor she don't remember telling much difference...KAtG


Quint    Posted 11-20-2004 at 21:41:38       [Reply]  [No Email]
My parents both went through it and the self sufficiency and frugality seemed to rub off on me. If the depression had been handled a bit differently it wouldn't have lasted nearly as long as it did. The actual economics involved are kind of interesting but the details make your head hurt.

Will it happen now? Probably not. The economy works much differently now than it did then. The modern economy is perception for the most part. If the media says it is bad the pubic will perceive it as bad even if they personally are doing ok. The doom sayers have been proclaiming for 40+ years that the great economic collapse is right around the corner and the economy has reached a level of strength and productivity that could scarcely imagined 20 years ago let alone 40 or 60 years ago. It sells a lot of books to an economically ignorant populace I suppose.

I just keep myself diversified, debt free and keep some assets in non volatile things and play the market with the rest. Most importantly I know how to do things the old fashioned way if thins really collapse. Sure I would miss the luxuries but I wouldn't starve and could raise a family quite successfully under those conditions if need be.

Those who control the financial markets and economies of this country (the government doesn't have much control) and the world will do whatever they wish and my worrying about it isn't gonna change a thing. It isn't something I can control so I don't lose any sleep over it.


Rowdy Yates    Posted 11-20-2004 at 19:45:54       [Reply]  [No Email]
My grandmother was born in 1900. She has told me that around where we live (Southern, Ohio) that you would have never known that the depression happened if someone hadn't told them. I've been told the same from other ole timers too. But you have to consider then that alot/most people were more able and had the resources (land) to be self sufficient. She had 4 kids at the time 3 more after the depression, only one cow for milk and chickens and they lived in town (Evidentally you could get away with that then). But they were already used to buying/trading goods from neighbors and friends. Eggs, fruits, vegetables, were all availiable locally, most everyone grew big gardens, raised some sort of livestock, farmed, etc. Nowadays people can't even imagine sending the kids out to catch that chicken in the yard so they can eat him fer supper and if you could get the kids to do it, they probably wouldn't eat it because it didn't come out of the frig, drivethru, or a box. But of course as you know, everything has changed, there are alot more people now and not near enough to go around if things were to go sour. We are now consumers, not producers. I know that some think that if things get bad that they will be alright because they can raise some livestock, grow this and that. But the truth of the matter is that if you're the one that has these things, everyone else who don't is going to be after it too and more than likely won't be able to pay for it, and hungry people will do anything fer food, next thing you know, you wake up in the morning and your cow is missing. I would have to guess the "have nots" would outnumber the "haves" considerably. I would say that a depression would impact everyone these days. Even small towns have become dependent on federal and state grants, etc. and that is now being taken away nationwide. So who is going to make up the difference? You and me, the citizens. Kinda like Bush's smoke screen tax cuts, they feds give me $1,000 for my kids and meanwhile all other fees, licenses, permits have tripled. Call it what they want, it's all taxes. Give me $1000 here and take $3000 somewhere else. So, like someone else said, no need to worry about it, nothing you can do anyway.


BobInMN    Posted 11-20-2004 at 18:57:05       [Reply]  [No Email]
KatG, I do a lot of construction inspections in new housing developments. Based on what I see and read I think we are headed for some rough times. I see developers give land owners hugh sums of money for bare land. The developer pays construction companies hugh sums of money to get the land ready to build on. A builder comes along and pays a hugh sum of money for a developed lot. The builder builds a 2000 - 3000 sq ft house on the lot and sells it for a hugh sum of money, which the homeowner had to borrow from a bank. Now the way I see it is that the land owner, the developer, and the builder all made their very large profit on the deal. The bank is left holding the note. I think there is a housing bubble. When it bursts the banks are going to be holding a lot of devalued property. Now, do you think the government is going to let all those banks fail? No way, the taxpayers will have to bail them out just like they did the Savings and Loan Associations like they did a few years ago. The land owners, developers and builders won't have to pay a cent. JMHO.


Burrhead    Posted 11-20-2004 at 19:19:18       [Reply]  [No Email]
I think the whole thing is a house built on sand.

I never heard of "gap" insurance til a while back. When I got a new car my insurance company asked me if I wanted gap insurance to cover the difference between face value and finance value of the vehicle.

If consumer products are'nt worth what they will finance for anymore then why is the price so high??? Yuppies with gotta have it attitudes and credit ruined the deal


Alias    Posted 11-20-2004 at 17:47:23       [Reply]  [No Email]
My parents were married in 1924. Five years later, Wall St. crashed. They told us kids they didn't notice any great difference until some years later toward the middle of the 30's. It was tough for a while but they lived on a farm and except for dad's loss of money from saw milling, they were pretty much self sufficient. When the war broke out we moved to a nearby town and both my parents went to work in a defense plant.


KatG    Posted 11-20-2004 at 17:55:23       [Reply]  [Send Email]
I hear so many say we are heading for another depression...do ya'll think so...KAtG


Alias    Posted 11-20-2004 at 18:08:56       [Reply]  [No Email]
Kat the only certainity in life is change. Everything moves in cycles. So, I wouldn't be surprised if a recession came along. However, there are more safeguards in place now than in 1929. Then, Banks invested too heavily and didn't hold enough colleratal to cover withdrawals. And, there was no depositors insurance. When ever depressions occur, it's never just in one nation. For, when it hits one it hurts them all.

My advice, try not to trouble your mind over that possibility. Live according to the Scriptures and take no thought of the morrow....gfp


Burrhead    Posted 11-20-2004 at 18:28:53       [Reply]  [No Email]
Gee George do ye think if it gets bad enough that the banks fail the gubermint could stand the strain??


RN    Posted 11-20-2004 at 20:51:07       [Reply]  [No Email]
Banks, etc failures/bailouts? Think back to Jim Wright and the savings and loans around Texas. George Soros hedge fund bailout? Burr- aren't you glad you converted to the 'right' side and don't have to explain Democrats use of taxpayer money to help Soros, or Wrights delays on investigations? Billy Sol Estes from your area? Think the young ones reading board recognize names and what they did and who was in charge of government? RN .


Burrhead    Posted 11-20-2004 at 22:08:32       [Reply]  [No Email]
LOL--Yep Billy Sol aint yer typical house hold word anymore. He did make the news for a while tho. I don't remember anybody claiming it was a biased ratwing agenda news broadcast with no basis. Course that all happened before Al Gore invented these political answer machines for us. What a pity.

Yer right I converted at the right time. If I was'nt converted I would compare Bush1 to Billie Sol.

To the ones of us like me who find no fault in them Bush boys at all it would be hard to believe that Pappy had the investigation shut down on the S&L fiasco when it turned out that George Jr and Neil were in it hub deep. Then again when Bush1 stopped the insider trading investigation against George Jr might look odd to somebody who aint a Bushkovite.

Us real ratwinger Bushkovites know however that he only stopped those investigations to save the tax payer the expense of a nonsense venture.


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