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How does one get rich in a depression?
2/27/2007 | bobjam

Posted on 02/27/2007 1:29:53 PM PST by bobjam

It seems to me that every change in the economy brings opportunity. So then, if the economy collapses (recession or depression), what opportunities are there? Open for discussion....


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KEYWORDS: capitalism; depression; economics; pawnshop
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To: fish hawk

It's not whiskey that the ditch jumpers are trading, now.


61 posted on 02/27/2007 4:38:21 PM PST by Eva
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To: bobjam

You're entirely welcome. thanks for letting me share. I miss that man EVERY day. He died four years ago at age 89, while taking his afternoon nap in his favorite chair. We should all be so lucky!

And, no. He made his "millions" in legitimate real estate transactions and as a Machinist and Sheet Metal fabricator for the most part.

Blue Collar for all of us, all the way. No better life, actually. ;)


62 posted on 02/27/2007 4:39:33 PM PST by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: bobjam
(no I do not believe we are headed into depression, but yes I do fear there will be some rough times in the next two decades)

Life is full of changes, ride the crest of the wave and make the best of it! : - )

63 posted on 02/27/2007 4:45:32 PM PST by EGPWS (Trust in God, question everyone else)
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To: Diana in Wisconsin
Well, I can give you some personal examples from my Grandpa who was a man of 25 during The Great Depression.

You "ankle biter" you, my father was a teenager during the depression. ; )

64 posted on 02/27/2007 4:49:21 PM PST by EGPWS (Trust in God, question everyone else)
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To: bobjam

Real estate is always the key. Unless you wanna buy gold bars and hide them in your basement, which isn't a bad idea, either. : )


65 posted on 02/27/2007 5:04:08 PM PST by teenyelliott (Soylent green should be made outta liberals...)
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To: bobjam
Open a dynamite factory. I hear business is booming
66 posted on 02/27/2007 5:05:23 PM PST by 4yearlurker ("Nothing is true,and everything is permitted"--7 th Satanic vow. Sounds like Liberalism!)
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To: EGPWS

Ankle biter? Well, I never!

(Unless it was under the tenants of Holy Matrimony and that's what he was requesting, LOL!)

Will you be my Cyber Grandpa? I need one. I've lost both of mine, and a "girl" of 46 still really needs a Grandpa.

I still have a Dad, but he's off traveling the globe with his new "Trophy Wife" who is 70, LOL!


67 posted on 02/27/2007 5:17:47 PM PST by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Diana in Wisconsin
Will you be my Cyber Grandpa? I need one. I've lost both of mine, and a "girl" of 46 still really needs a Grandpa.

Wonders never cease!

I'm 50 and my Father lived as a teenager during the depression.

(Just think about the piles of trials my Mother went through during her golden years....)

68 posted on 02/27/2007 5:23:00 PM PST by EGPWS (Trust in God, question everyone else)
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To: teenyelliott
Unless you wanna buy gold bars and hide them in your basement, which isn't a bad idea, either. :

PSST, gold will hold it's value to an extent, however if nobody can afford to buy it, sitting on it only makes for a good replacement for a 3 legged stool.

69 posted on 02/27/2007 5:30:32 PM PST by EGPWS (Trust in God, question everyone else)
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To: EGPWS

Well, if the whole thing collapses, gold works like money, see?


70 posted on 02/27/2007 5:33:11 PM PST by teenyelliott (Soylent green should be made outta liberals...)
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To: teenyelliott
Well, if the whole thing collapses, gold works like money, see?

If the whole "thing" collapses, a well placed trust is at hand and that trust isn't in a monetary system.

Everyone needs a backup. ; )

71 posted on 02/27/2007 5:39:36 PM PST by EGPWS (Trust in God, question everyone else)
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To: EGPWS

Huh? Now I'm corn-fused. My Grandpa was born in 1915. He was 22 in 1937. The Great Depression started in 1939, did it not? So he was 24.

Grandpa married Grandma December 15, 1934, when they were both only 20. My Dad was born in 1937, so my Grandpa was only 23, not 25 as I stated earlier. Sorry!

I'm my own Grandpa, LOL!

So...your Grandparents waited a bit longer than mine to have kids, that's all.

I still bow to your four long years of gained wisdom over me, though, LOL! :)


72 posted on 02/27/2007 5:54:36 PM PST by Diana in Wisconsin (Save The Earth. It's The Only Planet With Chocolate.)
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To: Diana in Wisconsin
He was 22 in 1937

My Mother and Father got married in 1938 and YES I am 50 as of this month...

73 posted on 02/27/2007 5:58:47 PM PST by EGPWS (Trust in God, question everyone else)
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To: bobjam

Booze, cigarettes, embalming, barbering, and title work.


74 posted on 02/27/2007 7:53:26 PM PST by elkfersupper
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To: bobjam

Counterfiting.


75 posted on 02/27/2007 9:27:04 PM PST by festus (The constitution may be flawed but its a whole lot better than what we have now.)
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To: BlueNgold

I'm not thinking of the usual business cycle. I'm thinking of the economic collapse that will occur if we don't make some major changes to our nation's finances. The fact that too many Anericans no longer make money- they just manage debt- only exacerbates the problem.


76 posted on 02/28/2007 4:18:33 AM PST by bobjam
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To: martin_fierro; Petronski

LOL!!!! Yessssss hehehehe.


77 posted on 02/28/2007 9:52:25 PM PST by cyborg (No I don't miss the single life at all.)
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