[Gilbo_3]

talkin to an ole timer last nite that lived thru the last depression...’nobody had ANY money...even the millionaires were hurtin, they mightve had $10 mil in land [or gold] but it was vitually worthless if nobody could afford to buy it’...

[stephenjohnbanker]

When everybody is trying to sell you ANYTHING 24/7, don’t buy it.

[sickoflibs]

RE :”talkin to an ole timer last nite that lived thru the last depression...’nobody had ANY money...even the millionaires were hurtin, they mightve had $10 mil in land [or gold] but it was vitually worthless if nobody could afford to buy it’”

My grandmother would eat our leftover food (if it was unspoiled) rather than throw it out because she remembered being hungry during and before the great depression. Even if it was unrealistic she would tell us she would eat it if we hadnt touched it. My sibling even with many debts (a typical american consumer) will throw away whole plates of her kids food everynight and say that it is normal. Thus the consumer nation.

[El Gato]

talkin to an ole timer last nite that lived thru the last depression...’nobody had ANY money...even the millionaires were hurtin, they mightve had $10 mil in land [or gold] but it was vitually worthless if nobody could afford to buy it’...

Of course they were not allowed to own gold after April of '33. Roosevelt took all but minor amounts in jewelry and such at the "official" price.

Could happend again. But BO could take your paper money, he already is, or your land, or anything else you were not willing to shoot his enforcers over.

But I guess many of them did have some cash after that, since my Dad used to ride the trolly to the "rich" part of town to shovel driveways and sidewalks for the rich people who lived there, and he did not do it for free. In '33 he was 11 years old. Interestingly, he recognized the houses when my daughter had her 2003 wedding in one of those that had been converted to a B&B, even though the Alzheimer's was already getting it's teeth into him by then.

[hinckley buzzard]

Actually a lot of people had money. Unemployment was 25% but 75% of workers were working. Nobody had any gold because Roosevelt confiscated all of it from private hands. The reason he did so should serve as a profound lesson to those home-made einsteins here who can't figure out the enduring role of gold.