Paradox
©
Fisana

Jump to content


Photo
- - - - -

Recession or Not? Are we in the next great depression?


  • Please log in to reply
297 replies to this topic

#1 eatyualive

eatyualive

    ExoCannibalist

  • Honorary Former Staff
  • 6,153 posts

Awards Bar:

Posted 14 January 2008 - 08:55 AM

They were speaking about the next great depression on cnn last night. They think we are almost there and that loss of jobs and increase of inflation is going to make or break us. What does everyone think about this? Are we going to have another great depression? And if so, what should we do about it now to prepare?

If you don't think so, express why and please be detailed. I don't really know if we are yet, however, if something like this is and does happen, I want to be ready for it.

Is it a good idea to buy gold? What are some precautions one would take to prepare for such a disaster?(speculation if this isn't the case)


Right now they were speaking of a recession similar to what happened in the 70's with gas prices increasing, banks losing money, no one buying homes and how loss of jobs plus inflation is leading us closer to it.

#2 Hippie3

Hippie3

    DUNG DEALER

  • Founders
  • 40,642 posts

Posted 14 January 2008 - 10:00 AM

sure doesn't look good.
proly nothing on the scale of the great depression of the 1920/1930s,
there are safeguards in place to help stop a meltdown of that scale.
of course events outside the US, like a major oil war and global recession
could push us over the edge despite precautions.
even so
we could easily face a couple years of 'recession'
with plenty of hard times for anyone not in the upper income range.

as to how to survive
i understand that some businesses went thru the depression un-touched,
notably the toilet paper industry.
guess folks only cut back so far then draw a line-
so get in the TP business.
;P

#3 eatyualive

eatyualive

    ExoCannibalist

  • Honorary Former Staff
  • 6,153 posts

Awards Bar:

Posted 14 January 2008 - 11:39 AM

sure doesn't look good.
proly nothing on the scale of the great depression of the 1920/1930s, there are safeguards in place to help stop a meltdown of that scale.
of course events outside the US, like a major oil war and global recession could push us over the edge despite precautions.
even so
we could easily face a couple years of 'recession' with plenty of hard times for anyone not in the upper income range.
as to how to survive
i understand that some businesses went thru the depression un-touched, notably the toilet paper industry.
guess folks only cut back so far then draw a line-
so get in the TP business.
;P


lol, everyone still has to wipe!:headbang:

#4 kenneo

kenneo

    Mycophiliac

  • Expired Member
  • 22 posts

Posted 14 January 2008 - 11:49 AM

I say get yourself a good food storage and water as well, because after all you can't eat gold.

#5 PsychoDrogue

PsychoDrogue

    Mycotopiate

  • OG VIP
  • 2,258 posts

Posted 14 January 2008 - 11:57 AM

my grandpa did 6 years in prison for stealing a loaf of bread during the great depression of 29 (hard to believe he was old enough but i've heard the story enough). so watch yourselves if it ends up goin that way. lol. i only hope it doesn't as i'm not amongst the rich. i'm actually quite unsure as to how things will go now with the federal reserve issues and the politics surrounding it and certain candidates this year.

#6 Hippie3

Hippie3

    DUNG DEALER

  • Founders
  • 40,642 posts

Posted 14 January 2008 - 11:59 AM

while a stockpile is good for emergencies
a recession lasting years requires a different approach.
instead of canned goods
think livestock, gardening and fruit/nut trees.

#7 Guest_floppypeter_*

Guest_floppypeter_*
  • Guest

Posted 14 January 2008 - 12:17 PM

  • Gas is near $4 a gallon
  • Gold is around $900 an ounce
  • Oil is near $100 a barrell
  • bread is $2 a loaf
  • Canadian dollar = American dollar
6 Years ago

  • Gas was $1 a gallon
  • Gold was mid $300
  • Oil was around $40 a barrell
  • bread was about $1 a loaf
  • 1 American dollar = $1.50 Canadian

Your money is currently worth about half what it was only about six years ago. Individual savings hovers around $0 for the average american. Normal middleclass folks are struggling to pay the bills. IMO this indicates a depression, a very serious depression.

The goverment is considering saving investors from poor subprime mortgages. The only reason they would do this would be to stop the blowback from the public. If the sheeple don't revolt they will happily let the mortgages fail and those with access to $$ will buy the realestate at low, fire sale prices; further concentrating the wealth in the hands of a few.

THe major difference between now and the great depression is the Media spin. The media would never allow the news outlets to color the current economy as a great depression. They are more savvy now and know to put a good face on the economy. It is in thier giant conglomerate owned best interest to do so. If oyu watch the financial news, they pick thier words carefully and always say " if thier is a bull (good) market out thier somewhere we are going to find it" The media owns lots of companies that sell products, IE GE owns NBC. GE wants to sell its generators and light bulbs etc. It's harder to sell stuff in a depression so the parent company is going to pressure the media outlet to put on a positive face. In the 20's news may have been a bit more unbiased in some sense. We could be in the middle of the biggest financial meltdown of any country ever and not even know it.

#8 Hippie3

Hippie3

    DUNG DEALER

  • Founders
  • 40,642 posts

Posted 14 January 2008 - 01:09 PM

if this were
The Great Depression
no one would need to convince us
and no one could BS us into buying
because we'd all be broke, unemployed,
our computers sold off to buy food,
homeless.
not there
yet.
the original GD was magnitudes worse than this,
better hit those history books again.
it's bad,
but most of those really getting hurt bad
are folks who used cheap credit to get a lifestyle
beyond their means.

a poor sucker like me
doesn't need to worry
about my $700,000 home
now being only worth $400,000.
:lol:
i can only wish my home was worth $400,000!

#9 gsmith1981

gsmith1981

    Mycophiliac

  • Expired Member
  • 2,070 posts

Posted 14 January 2008 - 01:29 PM

talking about hitting the books i never gave much thought about the great depression. now that i read up on it a bit thats rough. i got to go with hip on this one "live stock n fruit" and a garden for veggies

the great depression

Great Depression in the United States


something else i just read from this site: 2008 predictions | Depression2.tv -

The 2007 subprime collapse pulls the US economy first into recession then outright deflationary housing depression. Rejoice!....


sorry that alittle :offtopic: but that's rough to think where is america headed with everything going on?

#10 Hippie3

Hippie3

    DUNG DEALER

  • Founders
  • 40,642 posts

Posted 14 January 2008 - 03:47 PM

eh, just one guy's opinion.
i remove the text of the link
because it's an ad for ron paul.
interested parties can follow the link to read more if they like.
you'll get much more discussion feedback
posting small bite-sized snippets of text
with some commentary of your own
instead of just pasting large blocks of text
penned by some 3rd party who's not here
to defend their words.

#11 greenweanie

greenweanie

    Post Whore Extraordinaire

  • Expired Member
  • 469 posts

Posted 14 January 2008 - 07:59 PM

a good read but i felt it was opinionated towards ron paul, like he is the answer to our problems....

#12 Hippie3

Hippie3

    DUNG DEALER

  • Founders
  • 40,642 posts

Posted 14 January 2008 - 08:04 PM

exactly why i removed it.
:bow:
more election BS

#13 greenweanie

greenweanie

    Post Whore Extraordinaire

  • Expired Member
  • 469 posts

Posted 14 January 2008 - 11:14 PM

what was your thoughts towards the anti-semitics/jewish blame comments? do they really hold much water? I know as a society, we were always taught to hold someone accountable, however with operations so big in the white house/government/banking system, its hard to pinpoint a single person to the wrong, instead of looking at the total landslide that has been building up (each person adding their contribution).....
open up my eyes hippie, im craving knoweledge :)

#14 SharkieJones

SharkieJones

    Moderator

  • OG VIP
  • 3,269 posts

Posted 14 January 2008 - 11:44 PM

I think we are in a recession. I wish I was born a Dane.

#15 Hippie3

Hippie3

    DUNG DEALER

  • Founders
  • 40,642 posts

Posted 14 January 2008 - 11:48 PM

i thought it was bullshit, to be honest.
lots of big assertions and no evidence.
he wasn't trying seriously to persuade
rather preaching to a sympathetic choir,
he knows which buttons to hit,
which keywords to toss out.
the banks, the zionists-
next come the illuminati.
:lol:

what we are seeing
is the cycle of nature
extended to human economics.
the strong will eat the weak.
or the smart will eat the not-so-smart,
works out the same.

those with money
set out the bait [their money]
as 'loans' to those who
want more than they can pay.
the gullible take the bait,
at interest,
in a form of gambling known as prosperity.

the poorer are, in essence, betting that
they can use the wealthy's money to make enough
to pay it back, with interest,
and still have a leftover profit to keep for themselves.

now the wealthy are content with that, getting interest.
but when the economy takes a dive
the trap is sprung-
that bait is now due and it's gone,
devoured, tied up in 30 year notes.
so the wealthy foreclose,
grabbing off the down-payment and all mortgage payments
as their profits,
plus the real estate/assets.

a massive consolidation of wealth,
back to whence it came.
financial evolution,
the strong get stronger.

but don't blame the lion for eating the lamb,
it's natural.
the real culprit is stupid greedy people who take the bait.

#16 twoguysupnorth

twoguysupnorth

    Mycotopiate

  • OG VIP
  • 1,986 posts

Posted 15 January 2008 - 12:45 AM

Canadian dollar = American dollar, scary, their costs are going up as we speak. gas,stamps,milk,everything. we arent doing much better, high unemployment rate, higher taxes, parks and utilities are closing. i wouldnt say it is a big scare but it is important for people to watch what they spend now. it seems to be a certain trend this yr, we are getting broke and things are getting more expensive.

#17 chimp

chimp

    Space Lord Modulator

  • Expired Member
  • 5,911 posts

Posted 15 January 2008 - 09:01 AM

I think it is time to pay cash for everything thats for sure...or at least don't charge on your credit card anymore than you can pay off each month. This is not a good time to be in debt for large ticket items.

#18 dr.gonzo

dr.gonzo

    Holding Tank

  • Expired Member
  • 114 posts

Posted 15 January 2008 - 08:45 PM

I have a feeling I will be rabbit hunting all day with a .22 and eating lots of potatoes.

#19 Toecutter

Toecutter

    Former Member

  • Banned Member
  • 338 posts

Posted 15 January 2008 - 09:36 PM

My father (still living and brewing 'holy shit' wine) lived through the
great depression. This aint even close. Hip is right, check the
books. If you are wondering if it's similar, it aint. EVERYONE
you know looses all their shit. This is a media blown glass bowl
of bullshit. Yea it's tough, but let me tell you, we have brought
our debt upon ourselves. Nothing comparable to the great depression.
We spend more than we make, raise minimum wage, pay more for
the Whopper, piss and moan until we get a raise so we can stuff
our gut with the higher priced Whopper, get a second mortgage
from our pay raise and here we go...........
Buckle up kids, and get ready for a real challenge......

#20 hallucinogeneti

hallucinogeneti

    Mycotopiate

  • Free Member
  • 373 posts

Posted 15 January 2008 - 10:52 PM

count me in on the rabbit hunting:thumbup:




Like Mycotopia? Become a member today!