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To: bobjam

If you have money buy up assets at depressed values. The key is to have money during the depression. If you don't then you are in a very tough position as jobs and business opportunities are scarce.


3 posted on 02/27/2007 1:31:09 PM PST by honestfreedom69
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To: honestfreedom69

"If you have money buy up assets at depressed values. The key is to have money during the depression."


Thats about it, cash would be king once more and your visa card would not be worth the plastic it is printed on. The ones with the most unsecured debt would be hammered into the ground.


22 posted on 02/27/2007 1:40:57 PM PST by sfvgto
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To: honestfreedom69; bobjam

I agree. My Grandfather worked for the Post Office in the '30's so he had a paycheck. He bought cotton at a nickel a bale, and sold it some years later when prices went back up. Even despite a fire that claimed a portion of it, he made pretty good money.


51 posted on 02/27/2007 2:46:11 PM PST by HeadOn (Insert tagline here.)
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