(1929-1933) = (2008-2012) Let's take another look at History shall we?

stockcharts.com...

I'm going to make this thread very simple for those that think we are not headed into a depression... I want people to take a good look at the link I posted above.

It clearly shows how long it took for the stock market to hit rock bottom. Now ask yourself this... The market crashed in the year 1929... Did it appear as if it was slowly recovering from 1929 - 1930?

Id' say 198 to 294 (33%) looks like a nice recovery to me... seeing how in 1928 the market was well below that level anyway...

But then it went back down... and there were several UPS and DOWNS durring the next two years... but overall... it was going down... and finally in 1932, it hit rock bottom, and pretty much stayed that way until 1933.

Now I want people to take a good look at 1933, because I believe that is what 2012 will look like... Stocks will get down to pennies on the dollar, and I have a good feeling that whatever stocks are left over to purchase, they will be purchased by your beloved Governmnet and Corporate Elites... Making all coporations completley governmnet owned and thus our country turns into pure socialism.


As I left the bank today, I told the bank teller that I hope the economy starts to recover... She said: "It better! Or else were all gonna be living in the same house."

I lauged at first, but then I realized she is right... We are all about to be living under one big house... and the roof will belong to the Governmnet.


History is going to repeat it's self folks... We are headed into a depression and we only have a few more years, if not months, to enjoy America and the economy like we've enjoyed it our entire lives... In other words... CHANGE is COMING!!!


[edit on 2-2-2009 by Doomsday 2029]

Are we all gonna die when Socialism takes over the world? No? We're not gonna die? How sad

Anyway, o great doomsday leader what shall we do? die?

reply to post by Doomsday 2029

As I left the bank today, I told the bank teller that I hope the economy starts to recover... She said: "It better! Or else were all gonna be living in the same house."

Was she hot?

Seriously though, the citizens were very docile about it last time because they didn't really know what caused it. I think this great depression will be very violent compared to the first one.

reply to post by DesmoSedici


I'd have no problem with socialism if it wasn't based on lie after lie.

If your happy with these bailouts and stimulous packages that do nothing but wipe out the middle class... then Id STFU when you enter my thread with that kind of sarcasm... why don't you make a thread of your own... seeing how you have none.

or did it look like I was insulting Obama in my OP and that's why you got upset.

I would just like to comment briefly on your theory. As compelling as it is on the surface, you have overlooked one very important piece of the puzzle.

The US government did not come to the rescue of the economy n the Great Depression. They had the capacity to do so, but did not act like they did in 2008 - 2009

By injecting almost a trillion in funds into the banks and monetary system, coupled with coordinated efforts from foreign banks I think we will avoid a similar crash.

It does however give one pause to consider the inflationary pressure on monetary policy several years out. If I had debt, I'd be consolidating into a fixed rate longer term loan.

We haven't even talked about the real estate debt bomb whose fuse is lit.....

Originally posted by Cynic

The US government did not come to the rescue of the economy n the Great Depression. They had the capacity to do so, but did not act like they did in 2008 - 2009

By injecting almost a trillion in funds into the banks and monetary system, coupled with coordinated efforts from foreign banks I think we will avoid a similar crash.

It does however give one pause to consider the inflationary pressure on monetary policy several years out. If I had debt, I'd be consolidating into a fixed rate longer term loan.

Now this is one area that I'm trying to figure out... Are we escalating the problem or postponing the problem?

All I know is Obama is trying to create jobs, and the jobs he's trying to quote on quote "stimulate" with his plan really seem like blue collared or governmnet type jobs... and they won't be availble to us in the near future.

Did we bailout Fannie Mae and Freddie Mac just to keep the companies alive... Did we completley forget about the people that lost thier homes?

I just see unempoyment starting to sky rocket in the near future... and when the unemployment raises... the economy sinks ... and what are we left with? A worthless dollar.

The question is... Did the bailout speed up the process or postpone it? Because I don't think the bailout created jobs. And that's what's becoming scarce... jobs. You can throw money at the problem all day... but did it fix unemployment?

Originally posted by Doomsday 2029
reply to post by DesmoSedici

 

I'd have no problem with socialism if it wasn't based on lie after lie.

If your happy with these bailouts and stimulous packages that do nothing but wipe out the middle class... then Id STFU when you enter my thread with that kind of sarcasm... why don't you make a thread of your own... seeing how you have none.

or did it look like I was insulting Obama in my OP and that's why you got upset.

Oh but I was just asking for advice. I'm so terrified of socialism. It comes and eats you during night and not even your soul can survive it.


I do not really give a f*** about Obama or politics. If someone's running for pres then he's got the financial backing of elites and therefore is looking for their interest. But if you hate him elect Palin if you want, assuming there will be a 2012, but judging from your posts it ain't.

First of all the economic downturn happened because the government didn't bother to interfere. Ops, but gov interfering = socialism. Oh my. So let the middle class suffer and bail out the elite, the most unsocialistic thing to do. At least we're safe from socialism.


And what thread do you suggest I make? 2029 is the new 2012?

Originally posted by Doomsday 2029

Originally posted by Cynic

The question is... Did the bailout speed up the process or postpone it? Because I don't think the bailout created jobs. And that's what's becoming scarce... jobs. You can throw money at the problem all day... but did it fix unemployment?

THAT is the variable isn't it? Personally, I think inflation is going to run rampant in about 2 - 3 years. In the near term (1 - 2 years) there will be higher unemployment, but I don't think it will be as bad as we had it here in Canada in the early '80s (low double digit back then) perhaps 7 - 8 percent this time. Still VERY MANY out of work since there are more of us now....

You are correct about throwing the money around. The answer lies I think in lowering the expectations of the public (ie. we CAN'T have it all now) and it must begin at all levels of all governments. They must lead by example through enforcement of existing legislation, and writing new ones.

It will not be easy and it will take time. I am not sure we have it though. If a major holder of US currency "dumps" its' treasuries all bets are off. Then you may have the Depression you are looking for my freind.

reply to post by Doomsday 2029


Anyone that thnks they own their own home or property is deluded. You are a glorified caretaker. Don't pay your property taxes and it's ripped right out from under you.

Socialism? You already work for the governement...every one of you. Start adding up all the taxes you pay, all the governement fees for drivers licences, hunting licences, licences for professional practice such as doctors, lawyers, etc. You are all slaves!!

So what's wrong with the gov. supplying everyone with housing, medical, free education for all, and a basic wage? With a persons needs met, there is nothing else to do but start down the road of improving one's self, becoming productive, earning a bit more money, volunteering to help out in the community, etc.

Look, we need a new economy....fixing the old one is stupid. Why should we have billionaires while others starve? There is nothing wrong with a system that encourages people to get ahead while also encouraging people to help and contribute to the collective.

I don't have all the answers, but there has to be a better way than the selfish hoarding and rip off system we have where a few individuals have the vast majority of the wealth and the rest of us scramble for the droppings from the table.

Originally posted by DesmoSedici

First of all the economic downturn happened because the government didn't bother to interfere. Ops, but gov interfering = socialism. Oh my. So let the middle class suffer and bail out the elite, the most unsocialistic thing to do. At least we're safe from socialism.

Look... I'm not going to argue with you on politics... or who's fault it is that we are in this mess...

I will tell you that it all leads to socialism and you will either be rich, or you will be poor.

I never said governmnet interfering = socialism... I never said that. I just said they are going to own everyone's debt and you will be working for them. Obama's 800+ Stimulous Package, His Civilian Military Army, and the new wars he's about to create will all put this economy in the gutter and us working as slaves. "Socialist Slaves"

[edit on 2-2-2009 by Doomsday 2029]

Originally posted by John Matrix
reply to post by Doomsday 2029

 

Anyone that thnks they own their own home or property is deluded. You are a glorified caretaker. Don't pay your property taxes and it's ripped right out from under you.

Socialism? You already work for the governement...every one of you. Start adding up all the taxes you pay, all the governement fees for drivers licences, hunting licences, licences for professional practice such as doctors, lawyers, etc. You are all slaves!!

Oh I agree with you right here... 100%

But I don't think the public is aware of this... And once they see the face of the next Great Depression... They will understand socialism a little bit better.

Originally posted by Doomsday 2029

Originally posted by John Matrix
reply to post by Doomsday 2029

 

Anyone that thnks they own their own home or property is deluded. You are a glorified caretaker. Don't pay your property taxes and it's ripped right out from under you.

Socialism? You already work for the governement...every one of you. Start adding up all the taxes you pay, all the governement fees for drivers licences, hunting licences, licences for professional practice such as doctors, lawyers, etc. You are all slaves!!

Oh I agree with you right here... 100%

But I don't think the public is aware of this... And once they see the face of the next Great Depression... They will understand socialism a little bit better.

It's our gov that spreads all the bad news about socialism, while holding all of us by the short and curlies. That should make people ask questions right there.

Americans have improved on almost everything else....so why throw this baby out with the bath water? I think we could take socialism and improve on it like everything else we have improved on.....and rename it so it doesn't bring all the negativity of the past with it.