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America, Here Comes the Great Depression 2.0
Townhall.com ^ | April 24, 2021 | Joseph Semrevivo

Posted on 04/24/2021 5:26:26 AM PDT by Kaslin

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1 posted on 04/24/2021 5:26:26 AM PDT by Kaslin
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To: Kaslin

Price of steel up 168% since August 2020. Low inventory due to mills deemed non essential during lockdown. Unavailability of chips for machines in the mills that process steel due in part to sanctions, and pandemic.


2 posted on 04/24/2021 5:35:04 AM PDT by sockmonkey (Conservative. Not a Neocon.)
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To: Kaslin

But this time it’s on purpose, as a war strategy against us.


3 posted on 04/24/2021 5:35:43 AM PDT by Salman (It's not a "slippery slope" if it was part of the program all along. )
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To: Kaslin

The economy is in shambles, which seem reasonable given Biden/Covid but housing is 4 million short of demand? Seems counterintuitive.


4 posted on 04/24/2021 5:37:08 AM PDT by TalBlack (We have a Christian duty and a patriotic duty. God help us.)
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To: Kaslin

I guess it’s time to learn about dumpster diving.


5 posted on 04/24/2021 5:37:22 AM PDT by Jyotishi (Seeking the truth, a fact at a time.)
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To: Kaslin

Americans cannot expect a return to economic normalcy under democrat party rule.

HR 1 would cement their power in place.


6 posted on 04/24/2021 5:38:28 AM PDT by Texas resident (Dimrats=CPUSA)
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To: Kaslin; MtnClimber; SeekAndFind

Despite its racial bifurcation, America was socially stable in the 1930s during the Great Depression.

A similar depression today will cause an unprecedented social explosion.

China and Russia understand this perfectly well, and their 5th column of communist traitors and useful idiots will do all they can to make this coming social explosion a terminal event for the USA.

WHEN THE MUSIC STOPS: HOW AMERICA’S CITIES MAY EXPLODE IN VIOLENCE
Posted by Matt Bracken | May 31, 2020

(I wrote this essay in 2012 for Western Rifle Shooters Association, where it quickly racked up over 400 replies and comments. I’m reposting it here in American Partisan on May 31, 2020, during the George Floyd riots, without revision.)

https://www.americanpartisan.org/2020/05/when-the-music-stops-how-americas-cities-may-explode-in-violence


7 posted on 04/24/2021 5:40:26 AM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: Kaslin

I hope you are wrong but would not be shocked to see a serious dip in the economy. The psychology of Americans has been severely damaged by the Wuhan, becoming germophobes, agrophobes and wokesters. All liberty loving Americans need to band together and fight back.


8 posted on 04/24/2021 5:40:45 AM PDT by frogjerk (I will not do business with fascists)
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To: Salman

9 posted on 04/24/2021 5:41:29 AM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: Kaslin

Inflation will also happen when another several trillion dollars is spent and there is no supply available.


10 posted on 04/24/2021 5:42:14 AM PDT by Bayard
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To: Kaslin
Mortgage rates are climbing above 3 percent

In 1979 I bought my house and paid 18.5% interest rates, unemployment was in the double digits, gas prices had tripled and the doom and gloom crowd was predicting 1929 era depression.

Ronald Reagan got elected, lowered taxes, created jobs, destroyed the soviet union, and we had 20+ plus years of economic boom times.

Interest rates have been kept low by the fed, but zero or negative interest rates are against the laws of long term prosperity in a capitalist system.

Rising interest rates are not going to create a depression.

11 posted on 04/24/2021 5:42:44 AM PDT by USS Alaska (NUKE ALL MOOSELIMB TERRORISTS, NOW.)
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To: TalBlack
The economy is in shambles, which seem reasonable given Biden/Covid but housing is 4 million short of demand? Seems counterintuitive.

We've been told that WuFlu didn't produce the baby boom they were expecting, and yet, coincidentally, the US population grew by 4 million last year. And during that time President Trump was still guarding our border.

Things that don't add. up.

12 posted on 04/24/2021 5:44:09 AM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: Travis McGee

Foodstuffs suitable for long term storage.
Medical supplies.
Weapon(s) and ammunition.
A means of communication that does NOT include the internet.
Trusted friends and family.
A neighborhood plan.
Barter goods.
Barter skills.

If you don’t have a start on these already, well, you’re pretty much .......

L


13 posted on 04/24/2021 5:45:08 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is. , )
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To: sockmonkey
Give lots of thanks to the American capitalists who decided that making a higher profit offshoring critical manufacturing like chips and semiconductors was a good deal...for them.

They handed a loaded gun to Communist China to shoot us with.

Couple this with Loral Space under Bill Clinton, who boosted China's ICBMs from amateur hour to tier one.

All for extra profit.

Now we will reap what those traitors have sewn.


14 posted on 04/24/2021 5:45:30 AM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: Bayard

See #9. No need for wheelbarrows today, it will all be on EBT cards.

Good comrades and favored minorities will get extra digital dollars.

Bad comrades will get nothing.


15 posted on 04/24/2021 5:47:20 AM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: USS Alaska

Do you think that 2021 is comparable to 1979, with Reagan coming in soon?

I sure don’t.


16 posted on 04/24/2021 5:48:47 AM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: Kaslin

The flow of private capital and investment into lawless, unlivable Democratic controlled urban areas has slowed to a trickle. Right now the socialists are living off Federal aid and subsidies that cannot lasr forever. Noticable in NYC is the withdrawal of foreign capital from high end NYC real estate. Foreigners had seen high end American urban real estate a safe depository for their wealth. The US had a constitution, laws and banks that respected private property. Now foreigners are no longer so sure about the safety of investments in urban America.


17 posted on 04/24/2021 5:49:10 AM PDT by allendale
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To: Lurker

A potable water plan too, in case “city water” goes down.

And a heating plan for cold winters, if the grid or fuel supply goes down.

During a civil war, everybody gets a vote on the adjacent zip code’s power supply.

Those without tend to resent those with. Transformers are easy targets.


18 posted on 04/24/2021 5:51:13 AM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: allendale

Amen.


19 posted on 04/24/2021 5:51:39 AM PDT by Travis McGee (EnemiesForeignAndDomestic.com)
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To: Texas resident

*** Americans cannot expect a return to economic normalcy under democrat party rule. ***

The section 232 tariffs on imported steel and aluminum enacted by Trump in 2018 are not an economic “booster” right now. With lumber and steel needed to build in short supply, and prices having skyrocketed, it will be hard for some builders who inked contracts pre lockdown to honor those contracts without taking a serious hit financially.


20 posted on 04/24/2021 5:52:30 AM PDT by sockmonkey (Conservative. Not a Neocon.)
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