Depression coming. it will make the dirty 30's look like a bubble bath

[SparkyJJO]

Originally posted by: Itchrelief

Originally posted by: SparkyJJO

Originally posted by: Citrix
the rich will make out just fine while us working stiffs get locked down in steerage and we go down with the ship.

You sound bitter. Work harder, or get a different job, or something. Many (not all of course, but many) rich people worked to get there, or inherited it from a family member who worked hard to get there, or some got there over a couple generations of working hard and leaving a decent inheritance for the kids, and the kids likewise working hard.

Now those guys in congress I think could all use a pay cut.

Also, P&N is
<------- that way

Hey, I'm sure most congresscritters work hard too (or at least put in a lot of hours related to the job/keeping it). You may not like their results or how they work hard, but still it's not like they hang out at the jacuzzi all day.

Even if you think they "bought" or otherwise got into office in a non-kosher way, campaigning takes a lot of time, and even the money from self-funded campaigns comes from the candidate who "worked hard" or his rich forebears who "worked hard".

At least be consistent.

I just don't think a lot of them perform high enough for their salary. Sure, anyone in washington should get more than most people because yes they have a very hard job, but that doesn't mean I can't feel that some of them are overpaid.

 

[ElFenix]

Originally posted by: Atomic Playboy

Originally posted by: GTaudiophile
Well, as we learned in 1941, the best way to recover is to start another World War. Four years later and all is okay again.

Let the nukes fly baby!

In the 19-teens we went to war with Germany; the 1920s were among the most profitable years in US history.
In the 1940s we went to war with Germany; the 1950s were among the most profitable years in US history.
I think it's about time we went to war with Germany.

world's largest exporter no longer!

 

[AMCRambler]

Wasn't there a huge drought in the 30's that contributed hugely to the depression as well? I'm pretty sure that the crops were fubared and that's what made food so scarce and expensive. They were calling the plains states the dustbowl I think because it was so dry.

 

[JS80]

There was no flow of information back then like there is today and we are in a service economy which is flexible and more able to be adaptable than before. In fact, it's worse to be a manufacture driven economy - once you enter a down cycle your factory is idle and worthless. In a service economy people just adapt to the next thing.

Look around you, even illegal mexicans and their children have cell phones and Escalades. This isn't even close to the great depression.

 

[Anubis]

Originally posted by: Atomic Playboy

Originally posted by: GTaudiophile
Well, as we learned in 1941, the best way to recover is to start another World War. Four years later and all is okay again.

Let the nukes fly baby!

In the 19-teens we went to war with Germany; the 1920s were among the most profitable years in US history.
In the 1940s we went to war with Germany; the 1950s were among the most profitable years in US history.
I think it's about time we went to war with Germany.

lol

 

[JS80]

Originally posted by: alkemyst

Originally posted by: Printer Bandit
this scares me.......


1. At the beginning of July, the Bank of International Settlements in Switzerland , which is owned by the thirteen [Illuminati] Banking Families under Rothschild, stated that it wanted to audit the US Federal Reserve. Bush reluctantly had to agree to this, but with the proviso that the audit would not be conducted until he has left office. However, when the truth inevitably leaks out on 30th September 2008, clearly the Bank of International Settlements will no longer be prepared to accept the US Dollar.

Once Illuminati and the like are brought into a topic...even if you are speaking factually, you will lose probably 90% of your audience.

Fact is much of the world is controlled by the same people that did so 100's of years ago. Unless they were wiped out by coup or death, they just keep rolling bigger and bigger each year.

Oh noez here it comes...come on, blame the jews :roll:

 

[mugs]

:laugh: dmccowen hacked Citrix's account

 

[Fingolfin269]

Originally posted by: shinerburke

Originally posted by: PlatinumGold

Originally posted by: shinerburke

Originally posted by: PlatinumGold

Originally posted by: shinerburke
Christ on a cracker.....every god damned day this forum is being overrun by fucktards who think the world is going to end.

Before the stock market issues this week it was turning on the LHC that all the dimwitted monkey fuckers here were worried about ending the world.

Now it is a total economic collapse that will drive everyone out of their homes and into soup lines. I thought only McCowen was stupid enough to believe and post this shit.

Get a grip...the world is not going to end. The United States is not going to become a 3rd world country and here's the important part for you mouth breathers....American Idol will be back on soon so you can go back to watching something that your tiny brains can actually comprehend.

I deposited $44,990.92 into my savings account yesterday afternoon. I have no fear of the bank failing or being unable to withdraw it any day I choose.

I have an idea for you Printer Bandit....try finding a reputable source for your economic news. For some reason I get the feeling that the forums at www.doomers.us are not the best place for financial advice.

no one is saying that the depression will look like it did in the 30's. but yes, we are in for some very very difficult times. times are different, businesses are different and government is different than it was. but on a relative basis, we are in for a very very rough stretch. it's not a doom and gloom scenario, it's what is happening.

Topic Title: Depression coming. it will make the dirty 30's look like a bubble bath

There are several other threads here and in P&N where people are saying the same thing.

granted, there is some exageration going on, but seriously, you can't deny things are bad. ok, so things aren't bad for you personally, that must mean things aren't bad for anyone right?


ok, so it is peoples own fault things are bad. yes, there was greed involved, yes people bought into that stupid get rich crap. yes, people enjoyed watching their net worth go thru the roof just because they got lucky enough to buy a house at a certain time.

there is no question there is more than enough blame to go around.

but, this is the worst it's been in a very very long time and relatively speaking, i think a comparison to the great depression is accurate.

I don't know a single person either among my friends, family or my coworkers who have been affected by this other than their 401(K)/403(B)/other investments being down. Even then it has been a relatively minor drop and they are smart enough to realize that a downturn is temporary and investments are for the long haul.

A comparison to the Great Depression is not accurate. Whole different world and whole different ballgame.

Can't talk more now....meeting about to start.

I'm in the same boat man. The only people I know are those who build homes and they aren't exactly hurting anymore they just arent raking in the cash like they used to.

 

[Thump553]

My calendar is already marked for the November 1, 2008 doomsday but thank you for reminding me. I don't work downtown anymore so I don't see the guy holding up the cardboard sign.

 

[JEDIYoda]

Originally posted by: AMCRambler
Got any links? Honestly I read the finance pages on the news sites and I haven't seen anything so near catastrophic as what you are talking about.

What an assinine request....
If you read the news or if you can read then links are not necessary!!

Peace!!

 

[shiner]

Originally posted by: mugs
:laugh: dmccowen hacked Citrix's account

:laugh:

 

[XZeroII]

Originally posted by: Printer Bandit
this scares me.......


1. At the beginning of July, the Bank of International Settlements in Switzerland , which is owned by the thirteen [Illuminati] Banking Families under Rothschild, stated that it wanted to audit the US Federal Reserve. Bush reluctantly had to agree to this, but with the proviso that the audit would not be conducted until he has left office. However, when the truth inevitably leaks out on 30th September 2008, clearly the Bank of International Settlements will no longer be prepared to accept the US Dollar.

2. With the realization that the Federal Reserve has been pumping two billion US Dollars a day into the economy in a forlorn effort to try to keep the US afloat, the US is now construed as 'the poor kid on the block', the 'bankrupt of the world' and nobody is prepared to lend them anything. Foreign governments have said 'We will no longer take your bonds'.

3. This situation has a worldwide repercussion: for example China, which is the biggest US creditor, has told US importers that they may not pay more then 20% of the total cost of their goods in US Dollars.

4. Also since the beginning of July, Germany has announced that it will no longer accept Euros from eight of their fellow EU members, the two countries with which they are most concerned being Italy and Spain

5. The Real Estate market is expected to go down by an additional 50% from its value on 16th August. Because of the collapse of the Real Estate market, which is expected to lead to at least a further two million foreclosures within the next 12 months, US Banks are no longer prepared to trust each other, so inter-bank lending has virtually ceased.

6. This has had a knock-on effect on would-be house purchasers.like the old days, anyone who now wants to get a mortgage has to put 20% down and to satisfy the lender that their job is secure.

7. You may have seen Bush go on television to tell everyone not to worry as the US Government-sponsored Federal Deposit Insurance Corporation (FDIC) will guarantee the safety of their bank deposits. However, the truth is that the FDIC can barely raise 30 cents on the dollar to cover its potential liabilities; and Bank of America and Wells Fargo are in a similar situation.

8. Banks have already started telling their depositors that they cannot withdraw their own cash.

9. It is universally accepted internationally that the US Dollar is going to collapse by the end of September 2008. Some foreign banks have already started to refuse to take US deposits and, since the Patriot Act, if you do manage to send money to a foreign bank, they are required to report the fact to the USG, who will make you prove how you obtained it and if you cannot do so, they will automatically label you a 'terrorist' or a 'drug dealer' and confiscate it.

10. The Bank of South America is trying to organize its own currency for use within the South American continent when the US Dollar finally crashes, based on an initial provision of eight billion dollars.

11. As at July 1st, the Japanese stock market was down 12%, the Australian stock market was down 18%, the German stock market was down 22%, the Indian stock market was down 36%; and China's Shanghai Exchange was down 50%.

12. Within the next year, the DOW is expected to fall to between 7500 and 8000.

13. Everyone is now desperately trying to get liquid; and Oil, Gold and Drugs have become the universally accepted world currencies. 14. The only sensible advice is either to change dollars into other currencies, or buy gold and silver (while you still can, because the US is likely to make it illegal to own gold); and stock up on canned food, the price of which is going to go through the roof. Already the major canners have reduced the size of cans by 20% to preserve stock whilst also maximizing their profits. «

These have been swimming around for years.

 

[StageLeft]

Originally posted by: Anubis

Originally posted by: lokiju

Originally posted by: Printer Bandit
this scares me.......

«

Where do you come up with this stuff?

LSD

Meth, but the bad kind, the kind that is made in really filthy trailers in really filthy trailer parks and bound together with God knows what.

 

[WhipperSnapper]

(oops...blank post)

 

[WhipperSnapper]

Two huge differences are that (1) today the nation's economy and middle class is under assault by Global Labor Arbitrage and (2) a worldwide Malthusian crisis (increasing demand for oil, food, and other energy resources but decreasing amounts of oil) combined with an American population explosion.

 

[dmcowen674]

Originally posted by: Citrix
get ready folks this is going to suck.

the rich will make out just fine while us working stiffs get locked down in steerage and we go down with the ship.

Hey Don, remember I said this a couple of years back when I saw this Republican train wreck coming.

All I got from in here was that I was a nuts and it's never going to happen.

 

[dmcowen674]

Originally posted by: Triumph
During the Great Depression, unemployment peaked at 25%.

Ask yourselves, do any of you see that happening?

Ask yourself.

What is left?

What do we make in America?

 

[Fingolfin269]

Originally posted by: dmcowen674

Originally posted by: Triumph
During the Great Depression, unemployment peaked at 25%.

Ask yourselves, do any of you see that happening?

Ask yourself.

What is left?

What do we make in America?

Are you serious? Google 'what is made in America'. It's really that hard to answer your own idiotic questions.

 

[MadRat]

Originally posted by: Triumph
During the Great Depression, unemployment peaked at 25%. Ask yourselves, do any of you see that happening?

I already see it in the 20-25 year old crowd. They insist the XBOX360 is solely there to pass the time away as they wait for that golden opportunity to come knocking...

 

[Atreus21]

Originally posted by: Citrix
back then...

most people didn't own homes

if you had a home a second mortgage was bad and you were considered a loser

a weak dollar

credit cards

the U. S. government was not $14 trillion in debt and they had a trade surplus, not a trade deficit.

sky high energy cost.

We weren?t fighting two wars that have sapped already $2 trillion from our American treasury and it?s getting worse.

We still had a manufacturing base in the United States so that when WWII broke out and the economy improved afterwards, we were still able to produce more so than any other country in the world. But now, the U. S. off-shores so much manufacturing now.


get ready folks this is going to suck. the rich will make out just fine while us working stiffs get locked down in steerage and we go down with the ship.

Anyone with a modicum of education in economics knows that this is entirely incorrect.

 

[Xavier434]

Originally posted by: SparkyJJO

Originally posted by: Itchrelief

Originally posted by: SparkyJJO

Originally posted by: Citrix
the rich will make out just fine while us working stiffs get locked down in steerage and we go down with the ship.

You sound bitter. Work harder, or get a different job, or something. Many (not all of course, but many) rich people worked to get there, or inherited it from a family member who worked hard to get there, or some got there over a couple generations of working hard and leaving a decent inheritance for the kids, and the kids likewise working hard.

Now those guys in congress I think could all use a pay cut.

Also, P&N is
<------- that way

Hey, I'm sure most congresscritters work hard too (or at least put in a lot of hours related to the job/keeping it). You may not like their results or how they work hard, but still it's not like they hang out at the jacuzzi all day.

Even if you think they "bought" or otherwise got into office in a non-kosher way, campaigning takes a lot of time, and even the money from self-funded campaigns comes from the candidate who "worked hard" or his rich forebears who "worked hard".

At least be consistent.

I just don't think a lot of them perform high enough for their salary. Sure, anyone in washington should get more than most people because yes they have a very hard job, but that doesn't mean I can't feel that some of them are overpaid.

Welcome to America. There are lots of rich people that I think are overpaid too because I see them and they work just has hard as I do and they perform just as well or sometimes even less, but they happen to make a ridiculous amount of money compared to me.

What you are failing to understand is that there are TONS of people out there who work extremely hard and their performance is fantastic, but they do not get paid a lot of money by any means. The amount of money people make is not always directly proportional to how hard they work, how smart they are, or the performance they deliver. The fact of the matter is that people pay different amounts of money for different products and services regardless of how "important" they are or how much they contribute towards our nation.

Think about all of the professions out there and especially ones where wages are not very high unless you happen to own the business. Think about how hard some of the employees work. Then you need to compare that to some of the rich folks that worked just as hard but did it in a different way that just so happens to make more money. That doesn't always mean they worked harder or performed better or anything like that. It often just means that they chose to do something different and the people that they chose to work for or work with just happened to be really good too which made the business boom. That or maybe the big boss was rich and more generous towards his/her employees or whatever. The scenarios are endless. It is anything but cut and dry or "fair", but that's just the way it is. I accept it, but I also understand it.

 

[thirtythree]

Originally posted by: jonks

Originally posted by: Citrix
the rich will make out just fine

W00 H00! Thanks for that final reassurance, I was getting worried by the rest of your post. Sorry for the rest of you suckers but hey, god hates poor people.

Have you read the Bible?

 

[Eeezee]

if you had a home a second mortgage was bad and you were considered a loser

Wait, you mean a second mortgage today is good?

OP = moron

 

[StageLeft]

Originally posted by: WhipperSnapper
Two huge differences are that (1) today the nation's economy and middle class is under assault by Global Labor Arbitrage and (2) a worldwide Malthusian crisis (increasing demand for oil, food, and other energy resources but decreasing amounts of oil) combined with an American population explosion.

Except that oil isn't decreasing, but please carry on.

 

[alchemize]

Originally posted by: dmcowen674

Originally posted by: Citrix
get ready folks this is going to suck.

the rich will make out just fine while us working stiffs get locked down in steerage and we go down with the ship.

Hey Don, remember I said this a couple of years back when I saw this Republican train wreck coming.

All I got from in here was that I was a nuts and it's never going to happen.

You are still nuts, you are just getting some company.