The Next Great Depression???? - Graybeard Outdoors
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post #1 of 55 (permalink) Old 06-22-2015, 08:56 AM Thread Starter
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Default The Next Great Depression????

Blind Ear is one of my favorite posters on this forum but one of his tags has me thinking.


"[size=0px]An economic crash like the one of the 1920s is the only thing that will get the US off of the road to Socialism that we are on and give our children a chance at a future with freedom and possibility of economic success."[/size]
[/size]
I am not so sure about that. Socialism pretty much got as start during the last depression with the "New Deal" and hasn't slowed down much since. It was just the increased in economy / jobs resulting from the Lend Lease Act along with WW2 and higher commodity prices for ag products that got us out. Anyway the reason I question this is that in most likelihood if another Great Depression hits us we will still have the same politicians, centralized banking, and financial wizards that got us there.

Any enlightenment here is appreciated.
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post #2 of 55 (permalink) Old 06-22-2015, 09:06 AM
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Default Re: The Next Great Depression????

i dunno who wrote that article, but i think theyre nuts
your right, the last depression started a socialism movement here. another one wont help .. thats crazy
hands outs from the gov dont help people. work and jobs help people

when people fall on hard times, and there is on one to give them things, people pull themselves up and make it happen for them selves,
people can be very resilient that way.


Dave, in Phoenix, AZ
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post #3 of 55 (permalink) Old 06-22-2015, 10:16 AM
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Quote:
Originally Posted by Scibaer
i dunno who wrote that article, but i think theyre nuts
your right, the last depression started a socialism movement here. another one wont help .. thats crazy
hands outs from the gov dont help people. work and jobs help people

when people fall on hard times, and there is on one to give them things, people pull themselves up and make it happen for them selves,
people can be very resilient that way.
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Scibaer,
the difference is as you said, the government giving us things.
Times in the oncomeing depression will end in war that the public will be the greatest sufferor of the casualties.
The govenment will give us more of OUR things.
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Property, including the stock market, will be revalued to productive use, equitable value. (profit produced over 10 years etc)
Recession, depressions don't end without a war.
A lot of people will die to get the stock market back to equitable values.
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The degree of suffering and the response of the people to the government will determine our future.
The government has "educated" our independence and self reliance out of us.
Education is the first thimg that we need to take back from the government.
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IF the hardships of the depression and WAR doesn't bring us to our sences we are doomed to being led in our current dirrection. How many will suffer and die in the process? Will we wake up enough to take our country back?
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The government has taken a new dirrection of perpetual money printing to avoid paying our bills while moving the population ever closer to slavery.
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What article?
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vacek,
thank you for reading. ear

"my child looked into my eyes and said do you have any food for me?"

"the seven lean cows ate the seven fat cows"

It may not be about how much wealth you have stored as much as it is about how much food do you have and can you keep the thieves from taking it?
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post #4 of 55 (permalink) Old 06-22-2015, 05:41 PM
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Default Re: The Next Great Depression????

My family and their children lost about everything they had worked for during the Grreat Depression
Certainly not what I want for my kids. Who needs another depression. Do you want Washington to own you and care for you when jobs and money are gone? That is what would happen.
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post #5 of 55 (permalink) Old 06-22-2015, 07:32 PM
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Default Re: The Next Great Depression????

Economic cycles always end with a depression followed by a war.
You can see the chart and read about it in any OLD junior high economics book. It has been happening for as long as there has been civilizations.
We haven't ended this cycle yet. All the bumps so far just minor recessions.
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We are in a new era of banking where fiat money is printed to stimulate the stock market and fund government, but no productions of goods is takeing place.
The public is on the line to cover the fake money printed by the government.
IF we don't get back to standard operating proceedure we will end up slaves to the government and coorporations and they will have ownership of all the property and real estate.
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Governments and corporations seize the valuable assets of the debtor countries.
It has happened to smaller countries and Greece is in line for the same along with many other EU countries.
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My family lost all that they had, which was considerable, in the crash of 29 also.
So did a large portion of the wealthy "working" people of this country.
Being poor is not the same as being a slave to an economic master.
The children of those whom lose everything are the ones that have to fight in the war.
My father had to fight in WWII.
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We need a change of systems but at present we have the same masters with a worse plan.
ear

"my child looked into my eyes and said do you have any food for me?"

"the seven lean cows ate the seven fat cows"

It may not be about how much wealth you have stored as much as it is about how much food do you have and can you keep the thieves from taking it?
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post #6 of 55 (permalink) Old 06-23-2015, 12:26 PM
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Vacek, my 2 cents worth, so take it for what it's worth. What I think your seeing now, is a capitalistic economy, with a small group of people, trying to morph it into a socialistic one. Been trying since the 30's with the progressive movement. WW11 and a 50's economy got in their way. Now you have more people depending on govt. than ever before. Most are to dumb and lazy to understand the consequences, and every president beginning with Kennedy, really never worked at a REAL job. I mean farm labor, factory, self made businessman, not a hand me down multimillionaire business. I'll give Bush 1 a bit of credit, because he started out without a million in his back pocket. So most of them have been on the public dole most of their lives. Or in the upper 10% class. Somewhere in this tug of war between capitalism and socialism, the rope is going to break. Where and when?????? When it does happen, that's when you'll see the next great depression. And since we have over 150 million more people in this country than the last depression, and over 50 million on govt. aid of some sort, less than 15% on farms to grow at least some of their own food. I'm surprised it hasn't happened yet. I do believe it to happen in the last bit of Obama's term, as this looks to be his goal. Remember to, the crash started in 1929, wall street and all. But, the worst part of the depression was 32-33-34. Just read a few minute's ago, just before coming to Graybeards and typing this. 5th/3rd. banks around here, are closing some branch's down. You'll never convince me that the economy is going up. It's sliding down as we speak. And I believe the slope is getting steeper. gypsyman

We keep trying peace, it usually doesn't work!! Remember(12/7/41)(9/11/01) gypsyman
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post #7 of 55 (permalink) Old 06-24-2015, 02:30 AM
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Default Re: The Next Great Depression????

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post #8 of 55 (permalink) Old 06-24-2015, 09:31 AM
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Quote:
Originally Posted by Sheridan5mm
I'm not aware of too many things. I know what I know if you know what I mean.

Philosophy, is the talk on a cereal box.
-Edie Brickell
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Philosophy attempts to reach solutions that are better for mankind.
War gets people killed time after time. ear

"my child looked into my eyes and said do you have any food for me?"

"the seven lean cows ate the seven fat cows"

It may not be about how much wealth you have stored as much as it is about how much food do you have and can you keep the thieves from taking it?
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post #9 of 55 (permalink) Old 06-24-2015, 10:51 AM
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Default Re: The Next Great Depression????

I would tend to disagree with that statement ( in the original post). The first Great Depression set us up for the welfare state, a d the second will push us right over the edge into socialism, since the mechanisms are already in place. The government is ready to swoop in and "save us".

Experience is a series of non-fatal mistakes


Disarming is a mistake free people only get to make once...
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post #10 of 55 (permalink) Old 06-24-2015, 11:07 AM
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I am sorry, but I cannot agree that devastating wars lead to capitalism. History doesn't support it.


Prior to World War I, England, not the U.S., was the financial capital of the World. The English Banks controlled vast amounts of wealth and venture capital. The English insurance companies, such as Lloyd's of London, controlled global insurance markets. England was a capitalistic economy.


World War I was financially devastating to England. It virtually bankrupted the major banks, trading companies, and economy as a whole. At one point, the German U-Boats were sinking 35% of all commercial ships leaving England, sending their cargo to the bottom, and leaving the insurers and owners to bear the losses in hundreds of millions of pounds. England was in that War for 5 long years, with nearly a million men killed. It lost not only the best of the working classes, but the best of the upper classes as well (slaughtered as Lieutenants and Captains going "over the top.")


When the War was over, the "commoners" took over, refused to tolerate the aristocracy anymore, and England went 100% socialistic. It remains that way today. It nearly went communist.


World War I also destroyed the Russian kingdom of Czar Nicholas. The War so devastated Russia, that in the middle of the war, the soldiers just quit fighting, abandoned their trenches and walked home. The Germans awoke one morning to find that their enemies, just 300 yards away, had just deserted their posts in the tens of thousands after 3 years of trench warfare. There followed a massive internal war, between the Bolsheviks and the Communists, with the Communists winning out.

And don't forget China. As a result of World War II, after the fall of Japan, their existing constitutional government, under Chang Ki Shek, went under, totally defeated by the communist uprising, lead by Mao Tse Dong. As a result, half a billion people went communist.


No, wars which result in total devastation of a country don't lead to capitalism. They lead to mob rule, with the starving angry mob deciding that everything that everyone owns should be taken away and divided up equally, especially from the upper classes whom they openly blame for starting the wars in the first place.

Mannyrock





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