posted on Sep, 23 2008 @ 06:05 PM
My great grandmother belonged to one of the wealthiest families in Utah before the Great Depression hit in 1929. They were one of the first families
to own automobiles in the state, they had a 130 acre property with two houses, and my great-great-grandfather owned several properties in states where
he would conduct business in a trade firm. They had horses, orchards, semi arranged marriages, it was very old fashioned.
I remember hearing my great grandmother tell stories about her life before the depression and rarely would she ever hit on anything afterwards. One
day my uncles and I were out there helping her clean her basement and garage after my uncle who was living in the basement had passed away due to
kidney complications due to alcoholism (Korean War Vet).
We were all upstairs getting some water to drink, taking a break, and I went into the living room where my grandmother was watching Matlock (cliche).
She incoherently starts in about how she came to live in the house she was living in, and why it meant so much to her and hit on the depression for
the first time. I'm kind of a history buff, so I was excited. She ran over her family history and the lavish life they lived before the depression,
and she started getting very shaky, with lots of breaks in the steadiness of her voice.
From what she told me, my great-great-grandfather was on business in North Carolina when the depression had hit. He traveled back to Utah to be with
the family. Within a few days, there was a considerable difference in people's behavior, and she said it all came out of nowhere. She didn't go into
great detail but from what she told me, the cars went first, then the horses, then the houses, then eventually the property in short order. Within two
years they went from one of the wealthiest families in Utah, to as poor as everybody else. She described it being completely out of her fathers
control. He was a stubborn old man and was constantly trying to make things work with what they had left.
After the dust settled, they went from living on a manor, to living with another family, totaling eleven people in a one bedroom apartment. Her father
got back on his feet after awhile and made a comeback, but was never near as successful as he was pre-depression. They went on with their lives and
never attained that sort of status, but settled for mediocrity, and that trend has definitely continued with me. It has taken me four years of
dedicated work ethic to rise above the lower-middle class line.
I am not fearing my own downfall, but specifically that of my mothers. She's a single mother, she has a home, a mortgage, some credit cards, and a
car payment and she's taking care of my little brother. They're not very much, and she's been current for as long as I was a little kid, but the
near instantaneous downfall of my great grandmothers family is what scares me the most. they say this one is going to be "bigger" than anything we
saw in 1929.
Shouldn't we be allotted some rights to our existing finances? How can they come swipe our houses and cars from us if we can't afford to pay them
with worthless money, that would be worth nothing to their own debts? How is it justified to come take our things from us, when they do not even have
the means of paying their bills?
Where are our rights?
We own these things. We pay our bills, if this hits us, how do we stop them from taking us for all we're worth?
There has to be some consumer laws against the total thievery of these things.
We should demand that our assets be off limits to those we owe, until solid currency is implemented to pay debts owed. I do not want my mother kicked
out of her home. I do not want her things that she's worked so hard to maintain away from her. She had nothing to do with banks tossing out bad
mortgages. She has nothing to do with the Federal Reserves lack of concern for a plummeting dollar and weak value. My mother has nothing to do with
acquiring money for dishonest banks going under.
Why should we ultimately have to pay the toll for a very small, corrupt group of people's mistakes?
Is that just? Is that right?
What do we do?