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Welcome to the Depression
Minyanville ^ | 26 Jan 2009 | Bennet Sedacca

Posted on 01/26/2009 9:21:08 AM PST by BGHater

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To: BGHater

Buy Gold and head for the hills!


21 posted on 01/26/2009 10:04:39 AM PST by BellStar (Please God give us another Chance!)
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To: Peter Horry

I agree.My grandmother,who survived the Great Depression,says these are great times in comparison.We may get there,yet.She told me that she and my grandfather had to walk the rail lines,in search of coal to heat with.They couldn’t afford to buy any.


22 posted on 01/26/2009 10:06:54 AM PST by quack ("Those Who Sacrifice Liberty For Security Deserve Neither.")
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To: Star Traveler
Count me in the Ostrich Brigade, I guess.

People who are talking "Depression" need to discuss the meaning with someone who's actually lived through one. Poverty has been defined down to "only Basic cable and two Ipods".

Things aren't good, but so long as you continue to see lines at the local "Applebee's" and a goodly number of cars on the road....we're not even close to a Depression.

23 posted on 01/26/2009 10:06:57 AM PST by wbill
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To: BellStar

Lead. Always, invest in Lead.


24 posted on 01/26/2009 10:08:15 AM PST by BGHater (Tyranny is always better organised than freedom)
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To: All

Buy Gold and head for the hills please God give us another chance!


25 posted on 01/26/2009 10:08:28 AM PST by BellStar (Buy Gold and head for the hills please God give us another chance!)
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To: ClearCase_guy

Exactly! The TARP was sold as a way to keep credit flowing and keep the jobs going by businesses being able to keep lines of credit.

We see that they just used the money to keep themselves afloat for a while longer and not much credit is flowing out of the banks our taxes kept going.


26 posted on 01/26/2009 10:09:04 AM PST by autumnraine
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To: wbill

Even during the last Great Depression, there were large numbers of people who lived very well, indeed. In fact, if there was 25% unemployment, at a particular time of the Great Depression, there were still 75% still employed... :-)


27 posted on 01/26/2009 10:09:09 AM PST by Star Traveler
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To: BGHater

Amen! Always, invest in Lead.


28 posted on 01/26/2009 10:09:46 AM PST by BellStar (Buy Gold and head for the hills please God give us another chance!)
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To: wbill
It is also a regional and very specific target as well.

I would say parts of Michigan is definitely in a ‘Depression’. Also, some home builders and construction workers are certainly in a ‘Depression’.

29 posted on 01/26/2009 10:10:47 AM PST by BGHater (Tyranny is always better organised than freedom)
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To: Peter Horry
If we don’t return to sound business practices and compendent governmental policies we may get there. Does this make me delusional?

Hey! There will be NO rationality on this gloom-and-doom thread. Remember that if it weren't for bad luck, we'd have no luck at all.

Geez, I just read through the thread and you'd think that that we were reverting to medieval times. Things aren't especially good right now, but it ain't the end of the world. What's going to happen if things actually get bad?

30 posted on 01/26/2009 10:11:01 AM PST by wbill
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To: Peter Horry

They were no where near it before it got that bad too.

They didn’t wake up one day and it was that way.

I keep wanting to point out that Hitler didn’t jump into office and start killing jews either. It was a slope he slid down and took Germany with him.

History tends to condense things and you can’t compare Depression in the 30’s five years into to it to the Depression now, less than a year into it.


31 posted on 01/26/2009 10:12:56 AM PST by autumnraine
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To: quack

Wow! It has went up since I listened to the news???

Just damn.


32 posted on 01/26/2009 10:13:27 AM PST by autumnraine
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To: BGHater

Lots in the southeast are in one too. I keep hearing about lines at Applebees. Maybe on the north side of Atlanta, but not in the rural areas.


33 posted on 01/26/2009 10:14:57 AM PST by autumnraine
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To: Star Traveler
Even during the last Great Depression, there were large numbers of people who lived very well, indeed

Count my grandparents among them. Grandma lived on a farm...no lack of food. She used to say that they didn't have any money, but neither did anyone else. And, that wasn't a whole lot different from when times were good.

My great-grandfather was a mechanic, who could fix damn near anything. Lots of demand for that in a rough economic patch. Grandpa said that they more-or-less lived on a barter system.

34 posted on 01/26/2009 10:15:12 AM PST by wbill
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To: BGHater
Mr. Volcker has a tough-guy reputation (recall he snuffed out double-digit inflation in the early 1980s - I was there to see it, and can tell you it wasn’t fun) by raising short-term rates to near 20%, causing an ugly recession, double-digit unemployment, and pain for all asset classes

For those of us who believed in saving money instead of borrowing and spending it, it was a great time.

35 posted on 01/26/2009 10:22:42 AM PST by AndyJackson
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To: wbill

We would then all have to bow to Allah or be “removed” from society....


36 posted on 01/26/2009 10:25:13 AM PST by VanillaBlizzard
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To: Star Traveler
And, as an aside, I thought that this was telling.

I became a Dad a couple of years ago, and was sitting in my Living Room on top of a pile of baby stuff. I mean, it looked like the grandparents went to Babies R Us and bought two of everything...Mrs WBill and I were having a problem finding places to put it all, and simultaneously wondering if we had enough stuff.

Meantime, my Dad brought over some letters that he discovered from my Great-Grandmother, to my Grandmother. They were written during the war (WW II) just before Dad was born. So...we're sitting atop this massive pile of stuff reading the letters, and one of them mentions a "Need to save Safety Pins, because they're expensive and hard to find due to rationing." Ironic? Sure.

Things aren't that bad right now. While I won't deny that they can get worse....they're not that bad.

37 posted on 01/26/2009 10:27:12 AM PST by wbill
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To: sickoflibs; bruinbirdman; NormsRevenge; Grampa Dave; ElkGroveDan; BOBTHENAILER

Laugh if you want to, but Rush H. Limbaugh just presented in 14 minutes flat, his NON-PARTISAN plan to resolve the recession and if 0bama even announces that he will consider it, the markets will rocket up and the economy will follow the market’s lead in a hurry!!!


38 posted on 01/26/2009 10:29:38 AM PST by SierraWasp (The Jim Jones of the 21st Century is now POTUS!!! Premier 0bama the illegitimate!!!)
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To: wbill

+++”Things aren’t good, but so long as you continue to see lines at the local “Applebee’s” and a goodly number of cars on the road....we’re not even close to a Depression.” ++++

Americans are fickle and do not like to change the routine they are used to. Most Americans enjoy getting out to eat, stroll the malls and simply take a drive to the lake or beach.

I think you’ll see a change from going to the movies and out to dinner every night to hanging around the house, going for a walk in the park and simply doing inexpensive things with the family to keep your mind off of things.

My prayer has been for the people of this country to turn back to God....if this “depression” does not do it, I have no idea what will. It seems that when times get really bad, most people turn to God and back to the basics of life.....like eating dinner together, having actual conversation and hanging out with God and family.

Think I’m off track....you’ll soon see I am not.All I can say is when the 9/11 tragedy happened, for about a year or so Americans were friendlier to each other and put their petty differences aside. We knew we needed to rely on God and each other and I saw a lot of good come out through that period...FROM EVERYONE! Give it some time. Remember, something that seems bad can actually turn out good in ways we never expected!


39 posted on 01/26/2009 10:32:41 AM PST by mikelets456
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To: wbill

You said — “Things aren’t that bad right now. While I won’t deny that they can get worse....they’re not that bad.”

True, but we’re still not several years on yet... there’s still time for this to “play out”...

I remember hearing all about the Great Depression from my grandparents and parents. I had hoped I wouldn’t ever see such a thing in my time. But, there was always a nagging suspicion that it would come around again. I think this is it...

My dad and mom were born just a few years after Oklahoma became a state from being Indian Territory. My grandparents lived outside of Indian Territory and moved into it as it became a state (one set from the south and the other from the north and east. One grandparent got caught over in America (from England) during World War 1 and couldn’t return (and never did). I was born in Oklahoma a mere few decades after it was Indian Territory and became a state.

And so it goes...


40 posted on 01/26/2009 10:36:44 AM PST by Star Traveler
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