Posted on 11/06/2009 10:17:40 AM PST by rrdog
The current economic crisis is considered a recession, on the verge of depression. The reality is that we are not entering another great depression and the more proper term is "The Great Collapse".
What has happened in the past, usually will happen in the future. I approach this problem not with the fuzzy mathematics of the economist but with the certainty and empirical evidence of the historian.
Recessions and Depressions are trying times for the citizens of a nation. Collapses are a completely different situation. An economic collapse is followed by exponential increases in misery. The more comfortable the population at the time of the collapse, the more violent the retribution.
(Excerpt) Read more at u4prez.com ...
I’ve said it before, but if you want to stand out today, it’s gotta be clear skies and tall cotton, not more of this into the vortex crap.
Yep and it will not be cause of global warming or a loss of resources, we are losing our brain cells every day in many different ways.
He lost me when he said this:
Today is not the day for cap and trade, new environmental regulations, and massive expansion of health care spending. Tomorrow may be that day.
bm
You owe me a new keyboard...BWAHAHAHAHA!!!!!
I'm always leery of websites whose advertisers are purveyors of precious metals. I paid my FREAKIN' tuition, courtesy of Howard Ruff.
Isn’t this all a bit overblown?
The unemployment rate is 10%, not 17%. Most people are still working. This is NOT the Great Depression.
Time to get a grip.
LOL!
Check the U-6 rate for October 2009 - this is the true unemployment rate - not the one ballyhooed by the MSM
http://www.bls.gov/news.release/empsit.t12.htm
So, that is where the 17.5% UNEMPLOYMENT RATE is gathered.
Congratulations. Happy Ten Year Anniversary.
I just had mine back in October.
My husband lost his job last January making it almost 2 years now. Extended unemployment benefits weren’t available then. Many of my neighbors are still unemployed.
10% is what the Government is telling you ? Do you really believe them?
I mean they are now telling you they have saved or created 1 million jobs. Not in my town.
The Golden Age of Barrack the Magnificent!(Stooge of Soros)
Well not really golden but you know generally a brownish color.
Goodness gracious, what a silly child little Barry is!!
From the Bunker Above New Market
Caddis the Elder
I lost my good job, but fortunately I have an almost-full-time, minimum-wage job. Although I don’t have enough money to pay all my bills, I am viewed as a job saved or created. Heck, with the math they employ, I am at least a hundred jobs saved or created. People wanted change, and now they are searching the couch for change.
I am sorry to hear about your situation, and hope things soon turn around for you.
My point was that we’ve (North America) gone thru similar events (inflation, slowdowns, etc.) in the not-too-distant past; I remember being out of work for a long time in 1983-84. And though it was before my time, I heard the 1974-75 recession was also brutal.
But some of these media stories make it sound like people are going to give up on the fiat money system altogether - I don’t think that’s realistic.
I have been through all of those so-called recessions. Even Jimmah Carter didn’t do the damage or caused the turmoil President Obama has done in the 10 months he has been in office. I really cannot make a certain claim that times are changing. I say that these days are very, very different. My instincts say these are unusual times. Do not become complacent and don’t let government statistics calm you. If you watch what is going on in government, nothing makes sense. They are trying to crash the system and overwhelm it. Silver and gold are the best hedge against the monetizing of the dollar. Or better yet seeds. People will go hungry if the country tanks and seeds may be worth more than silver and gold..
This is an engineered collapse...So they can move in and shove socialism down our throats.
“This is an engineered collapse...So they can move in and shove socialism down our throats.”
That or they may lose their throats. This is no sure bet for the elitist reds that they will come out on the top of a collapse. Maybe the top of the trash heap is where their relatives will find them.
I hope so, but I fear it is not. The financial sector is a disaster. The only reason it is making any money, is the fed is loaning banks money at 0% so they can loan it to the government at 3%. It looks like they have incased the toxic assets in some sort of Chernobyl style sarcophagus and are ignoring them.
Funny you picked the number 17%, New York Times today has an article saying actual unemployment rate is 17%
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