Anyone want to do this again?

[skyraider]

Stories from the Great Depression - YouTube
Maybe we don't have it so bad, so take 30 minutes and watch the U tube.
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My grandmother( my moms,mom) was born in 1889 and died in 1983. She talked about the Great Depression through the years. I wish I had paid more attention to her. My other grandparents were born in 1920 and my grandfather would tell me to save my pennies because in his younger days, a few pennies bought a large sack of candy. He grew up in Trion,Ga and Summerfield, Ga just below Chattanooga. The home my grandmother grew up in is still there. It is on the historical register now. Summerville,Ga is still a small town. I go there every once in a while, you know , memories of childhood...................

 

[layoutshooter]

"Maybe we don't have it so bad"


One of the biggest problems we have in this country is that we have had it FAR too good for FAR too long. Our poor have cable TV, cell phones and many are obese. We have forgotten what many diseases are like and complain that there MAY be a problem with a vaccine. Many people today believe that they are OWED that same things that their parents and grandparents worked their tails off for. It really it just time for many to shut up, 'buck up', get off their butts and DO SOMETHING!

 

[moose]

Yes the entitlement generation have no idea. all American know now days is to consume energy at will. no one seams to know what it's like with out a provided energy. there's fuel in the gas stations, fresh apples in the grocery store, and money in the Bank/C.C/welfare/ext.

however, i do not think this is a national concern to any of us, as no matter what, the deep depression is coming. there's nothing ANYONE in America can do to prevent this from happening. the only question is when. the longer we wait - the harder we fall. just the nature of FIAT currency's.
the question is what we as individual can do to better be prepared. the answer is simple, look on those that made it in past depressions. there's many that not only made it through, but cashed in big time.
the # one thing to do is get out of personal debts. the ones that won't do this will be in the mercy of Gov. handouts. the # 2 thing is to own items that will be in great demands in time of crisis. after that you will have to own something that will provide service as the newly established currency becomes a trademark .
there's TONS of information about those issue on the internet, just take the time to learn how to be prepared, have a plan, and execute it to the point.
personally i have now the opportunity to reinvest in transportation. i will NOT do that, as transportation will not be in great demands into the recession. this is NOT the time to buy trucks.
i can also use my VERY good currency trading skills. but again that's require having a great some of money on the sideline, money that will be depreciated to the bare bone over night (actually over a long bank holiday weekend).
i can buy gold, but gold will be the base for the newly established currency, which will make it too EZ for the Gov. to get their hands on. just like they did many time in the past. (actually every time for the past thousands of years).
so i choose Silver, which is BY FAR the best investment in the marketplace today, (and will continue to be) up until after the end of the recession. actually a sharp silver value rise WILL collapse the American dollar. the central bank is freaking out every time silver hike get it too close to 50 box.
it's fascinating.
good luck.

 

[Humble2drive]

One of the biggest problems we have in this country is that we have had it FAR too good for FAR too long.

Amen Brother.

Many people today believe that they are OWED that same things that their parents and grandparents worked their tails off for.

The SAME things?If that was all they wanted we would be in good shape.
Problem is they want way more than that!

2 cars instead of 1
2+ big screen TVs instead of 1
Multiple Smart phones instead of 1 home phone
McDonalds instead of a vegetable garden
Red Bull instead of water
Credit instead of cash
Laptops or pads with WiFi
Nintendo wi
DVDs and Video games
Bigger homes with bigger rooms
Coach purses
Nike tennis shoes
Hilfiger shirts
True Religion jeans
Bling, Bling, Bling

Problem is that Consumerism has surpassed Capitalism as the driving force.
Maybe a depression would help press the "reset" button. Just sayin.

 

[Ragman]

Problem is that Consumerism has surpassed Capitalism as the driving force.
Maybe a depression would help press the "reset" button. Just sayin.

 

[moose]

RagMan, i need a silver moose for the hood of my truck.

 

[Ragman]

RagMan, i need a silver moose for the hood of my truck.

 

[layoutshooter]

"The SAME things?If that was all they wanted we would be in good shape.
Problem is they want way more than that!"

LOL! I was TRYING to be nice! I LOVE how newly weds want to start off with a mini-mansion instead of a 'starter home' (can't say 'starter home' if one is a realtor, same with retirement home) I was not all that long ago that one would start life in a 'cold water flat' and WORK their way up to bigger and better places.

How hard is it today? How many 'iron lungs' do you see today? They were COMMON when I was a kid. So were kids with big metal leg braces, or kids with whooping cough, or kids with pock marked faces from chicken pox. Today they whine when they have to walk to school or have a cell phone taken from them in the classroom. Sure are a whinny bunch these days.

 

[moose]

So.. where can i buy this ?

 

[Ragman]

So.. where can i buy this ?

Pearson Metal Art, Metal Art Taken To The Next Level

 

[davekc]

Very few people in the US really know what poor is until they visit some foreign countries that truly have issues. The definition of poor is much different. Many work and make a small fraction of what the entitlement crowd here expects to get.

 

[Ragman]

Very few people in the US really know what poor is until they visit some foreign countries that truly have issues. The definition of poor is much different. Many work and make a small fraction of what the entitlement crowd here expects to get.

Hmmmmm,

I seem to remember greg saying the exact same thing and getting slammed for it.

 

[Humble2drive]

the deep depression is coming. there's nothing ANYONE in America can do to prevent this from happening. the only question is when. . .

Might as well assume that it will be soon.
Many in our Government believe that this is a ball that can be kicked down the road for a long time with limited consequence; however, it is dependent on how others view our stability and that is in jeopardy NOW.
One trigger is a lack of confidence by the countries that invest in the U.S.
When that confidence reaches a breaking point they will circle their own wagons and take protective action.

That could be:
1) Turning in their I.O.U.s and demanding physical gold or
2) Deciding NOT to invest in U.S. Bonds and/or Treasuries.

It will most likely be found out that the U.S. does not possess enough of the physical gold to cover the demands and without investors in our debt the U.S. will be unable to borrow it's way out. Also, the printing of more "fiat" currency will be useless because the value will dive faster than the printer can print.

personally i have now the opportunity to reinvest in transportation. i will NOT do that, as transportation will not be in great demands into the recession. this is NOT the time to buy trucks. . .

Also, hyperinflation could send fuel prices into the stratosphere.

i can buy gold, but gold will be the base for the newly established currency, which will make it too EZ for the Gov. to get their hands on. just like they did many time in the past. (actually every time for the past thousands of years).

I'm having a problem with this part
How does this effect your decision to not invest in gold?
The value is bound to increase in relation to whatever currency is established.
Yes/No?

 

[layoutshooter]

Very few people in the US really know what poor is until they visit some foreign countries that truly have issues. The definition of poor is much different. Many work and make a small fraction of what the entitlement crowd here expects to get.

Careful there Dave, you might hurt the little darlin's feelings and self-esteem if they find out that they are not the victims they thought they were. I mean, after all, they get to buy cup cakes and frozen pizza with OTHER PEOPLE'S money! Talk about a hard life!

 

[davekc]

Hmmmmm,

I seem to remember greg saying the exact same thing and getting slammed for it.

Don't really know? Might have been on another site. Either way, it is a factual statement regardless of the thought origin. Seems like it would be a hard point to argue if one was to say there are better off in many of the third world countries.

 

[davekc]

Careful there Dave, you might hurt the little darlin's feelings and self-esteem if they find out that they are not the victims they thought they were. I mean, after all, they get to buy cup cakes and frozen pizza with OTHER PEOPLE'S money! Talk about a hard life!

Very true. Many of the poor in these other countries are living in shacks and tents mostly with a dirt floor. Electricity and indoor plumbing are considered luxuries. There is no cable, flat screens, xboxes, free cell phones, high dollar tennis shoes, you name it.
Not all, but many here in the US are absolutely clueless.

 

[layoutshooter]

Don't really know? Might have been on another site. Either way, it is a factual statement regardless of the thought origin. Seems like it would be a hard point to argue if one was to say there are better off in many of the third world countries.

Yeah, he took some guff off of some of the 'entitlement crowd' backers in here. Not to worry, they may be in later then YOU TOO, can take some guff!

 

[davekc]

Quite ok by me.

 

[layoutshooter]

Very true. Many of the poor in these other countries are living in shacks and tents mostly with a dirt floor. Electricity and indoor plumbing are considered luxuries. There is no cable, flat screens, xboxes, free cell phones, high dollar tennis shoes, you name it.
Not all, but many here in the US are absolutely clueless.

Let us not forget that, for the most part, people in this country are poor because they CHOOSE to be poor. They do NOTHING to improve themselves, they don't have too, they get paid to do NOTHING. There are good jobs that people refuse to move for and DEMAND that they are ENTITLED to sit around and do NOTHING, OR, that those jobs should be moved TO them! There are terms that fit that attitude, like lazy and spoiled.

There is little belief in the idea of earning one's way through life, in accepting that the place one is in is primarily due to the choices one has made.

Yeah, I know, it's HARD. Too bad, no one ever said good things come easy. Either earn it or shut up. Begger's can't be choosers.

 

[moose]

H2drive:
lets start from the button. buy gold at will, you cannot be wrong with buying gold at any time in human history. better yet in times leading to a new currency as the new currency will be Golded valued . better now then ever.
however a Gov. WILL go after personal Gold, like they ever did. many times in human history that go after lead to the owners taking active part in the new establishment. other times lade to the privet owners ending up DEAD.
best one can do is hide the Gold, & hide the paper-trails that lade to the possession of the Gold. ownership of Gold history is well documented. we can all learn from that. i found it to be fascinating as well. Gold IS the money on this planet & have always been.
my personal decision is base on a 2 year long of studying the Silver market. it's a PERSONAL agenda. the silver market now is in an unprecedented event leading to a great skyrocketing hike. i'd cation everyone not to take my word on this but to spend the time learning before buying any amount of silver.

you are correct about the Gov. not owning enough to back their FIAT currency.
they also have a bigger problem.
much of the privet sector DOSE own hard commodity to back their value.
that's why the Gov. have & will have a problem initiating a depression.
this is why they bought most of all mortgages, and why they continue to buy privet debt.
never before did the Gov. owned so much of America. they have to. they will OR else !
which bring us back to the first part of your post, trying to estimate the WHEN.
it is everyone's guess.
my bet is 2022 to 2027. i will not explain this on an open forum !
but i do know that Gov.'s have a way to control this. the devalued $ WILL cost the Gov. it's job, which is the rezone for all those FEMA camps BTW.
my newly established guess is that they are going to 'pull a trump' over the world. remember that book about the Donald Trump thing. when he got over his head in NYC real-estate?. well he took all of his lenders. got them in a room and simply told them : if i fall you loose all you ever invested - i need more money.
they did.! look on him now.
there are 5 major economic country's now that dump the US & as a bilateral trade. you are correct about that as well. we have a problem. the clock is ticking.