[TailspinJim]

blam.....I’m on my 79th orbit of the Sun and I lived thru the 1930 - 1941 depression.. My recollection was that we were ‘poor’, but so was everyone else, so we didn’t ‘feel’ poor. Dad worked a couple days a week and we got by. I remember one day when he came home from work (he ran a large, four color printing press), and announced that he got a raise...to 60 cents/ hour. I thought, wow, a penny a minute. That was something. How times change. Jim
PS Govmt. (zero) is making the same mistakes now as H. Hoover, FDR, and govmt. made back then, prolonging the carnage.

[reefdiver]

We’ll all have more orbits, I think the Govt. will de value the dollar, maybe up to say 75%. They have huge debts to re finance,This year. Interest rates are close to 1% now. They have shot their wad. The world won’t buy our debt, We have to pay it. Banks like B of A think they are to big to fail, that the US govt will bail them out for ever, It’s a toxic mix, with NO adults in the room

[blam]

My dad was 12 in 1930...they were terribly poor farmers in SE Alabama at that time. My dad said that everyone was poor and often there wasn't as much to eat as desired.
He said 'the bank' came one day to repossess the only plow, an iron one horse plow, they had but his dad had been forwarned and had hidden the plow down the water well. He said that without that plow, they would have starved. There are many stories of that type amongst my older relatives and they have certainly shaped my view of things.

It convinced me that I wasn't going to be a farmer and worked very hard and did well, I retired at age 50 from a chip-making career and my only child has a PhD in physics. I credit these successes to the 'steeling' my family received during those depression years.