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To: mamelukesabre

True. Food was rotting on the loading dock because nobody could buy it and farmers were shutting down due to no customers. No money. Now we have all the money we can use and reasonable payments too. $20 trillion public and private debt and that’s all the money in the world.


47 posted on 02/26/2008 5:00:04 PM PST by RightWhale (Clam down! avoid ataque de nervosa)
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To: RightWhale

My grandmother told me stories about those days. Her father a share cropper. Apparently, farm owners couldn’t pay their mortgages because nobody was buying the crops. Banks foreclosed and couldn’t sell the land because nobody had any money. My grandmother’s father worked out a deal with the bank that foreclosed on his boss’s land and he was allowed to stay on the land and keep things up while the bank tried to find a buyer. THey had no cash. If they wanted to eat something, they had to grow it or catch it. If they wanted to wear clothes, they had to make them out of rags and cloth sacks and whatever else they could find. But according to my grandmother, that wasn’t too much different from how they lived before the depression.


88 posted on 02/26/2008 5:36:37 PM PST by mamelukesabre (Quantum materiae materietur marmota monax si marmota monax materiam possit materiari?)
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