Skip to comments.How Will This Depression Differ from Previous Ones?
Posted on 03/03/2009 1:44:15 PM PST by arthurus
Although we are anticipating another great depression, we want to emphasise that we are NOT anticipating a replay of the 1930s. We are anticipating a drawn-out period of economic contraction, but the details will almost certainly differ markedly from previous depressions.
(Excerpt) Read more at seekingalpha.com ...
Are at the beginning of a (lower case d)epression?
uh...we have dictator now. That’s one big difference.
You cannot ignore that the wired world will act different than anything that came before. The downturn will be much sharper than predicted because of that fact.
Actually Roosevelt was pretty much a dictator too....
No he won’t . The population is much better armed than it was in the last depression .
Was the last Depression world-wide or U.S. only? It seems to be world-wide this time.
Agreed. I am stocked, locked, loaded and saying “come and take it!”
When Iran launches a nuclear strile on Israel of Saudi, then that will put paid to all this foolishness.
Obama is the worst thing to have come down the political pike since Benedict Arnold, for our nation. And history shows that his own activity will lead to his destruction.
Ditto. So are my sons .
Given that the anti-Israel arabophile Freemen is being put in charge of all the Intelligence agencies, I suspect we are changing sides in the Arab/Israel situation. I think we maybe becoming Israel’s formal enemy.
This one will probably be like the one that stretched from the Fall of the Roman Empire to the Crusades.
The 30s Depression was, indeed, worldwide.
When that occurs, God will cease to bless America and then that will seal our fate.
Unfortunately, the government is much better armed also both in weapons and information. I think you had a much better chance to avoid government during the last depression. The only safety you will have in this depression is hiding behind a massive number of fellow citizens.
Our leader doesn’t have the stones to lead us in a war to get out of this Depression.
Keep in mind that the population is also much less well-behaved than it was in the last depression.
During the last depression, this county had its culture to hold it together. That is gone now. People pulled together during the last depression, crime actually dropped, and people returned to their Christian roots. The house squatters are a sign of what’s to come this time. Squatting will turn into rioting, and rioting into racist attacks on whites and well-to-do Americans. Look what is happening in Germany with the burning of cars. That type of class envy will take on a racial nature here. The hatred that 0 has turned towards bankers and businessmen will spread towards anyone who is doing well during the hard times.
this is like the depression that brought Hitler into power.
its our turn to suffer a HitBama I guess
worldwide too. it brought Hitler into power.
We had several things still going for us in the 1930s:
1. We had stronger local communities of well rooted people.
2. We had a better sense of whom we were, now confused by politically correct responses, suppressing such awareness in the flood of 3rd World Immigration since 1965—some illegal, some subsidized by the Government.
3. We had stronger Faith involvement in dealing with local community problems, since undermined by a two generation plus ACLU attack on Faith in community affairs.
In short, our abilities to respond to hard, challenging times, have been undermined. This may be well and good, if you want sheep looking to an all powerful Central Government to solve every problem, but it is not the America won in the Revolution. Nor is it one that reflects anything that might be expected to really work well in the experience of Mankind.
Essentially we had a dictator in the Great Depression but his purview was not so great as Obama’s.
and we started it with a government that was a mush smaller part of the economy so was not able to do as much total damage as Hussein can do.
Tell that to the North Vietnamese . Watch the PATRIOT and RED DAWN! I am changing the quote to “ I only regret I have but one life to give to save this country from a Socialist regime headed by the Obamamessiah.”
Maybe just a different set of enemies. Like Israel maybe.
If Iran were to launce a missile and lay a nuke on Philadelphis, would O'Bama retaliate by smashing Iran or would he instead, round up "dissidents" in America?
Speaking of the NVs- Someone on FR compared Hussein to Hochiminh.
We have Prozac now.
Thank you for posting this article: I think there is considerable credence in what the author has posted. A long protracted spiral death. Not the images of “Grapes of Wrath” nor of “Atlas Shrugged”; but, a different picture altogether.
Soup lines will be offering 7 options including clam chowder.
I think you already know the answer to that one.
I'm thinking more like the intro to Road Warrior in certain places.
You know, I just don't see that. America is _that_ prosperous, that I just don't see that immediate scenario. The dollars, which are falling in value, will be proliferated in ways which resemble a shell game. People will only very gradually and incrementally begin to observe their "comfort" levels reducing. And, by the time they've noticed it; Dems will put forward another "win by losing" campaign at the house and Presidential levels, so Republicans can not only take the heat but work triple-time to work and figure out how to get us all out of this mess.
By then, the masses will have figured the whole thing out; or remain clueless and do another 4 years of "Bush is Bad".
Meanwhile, the elected crooks who brought this on us will have semi-retired to spend "more time with their families" while carefully managing all that money they've absconded with in various pockets and countries of the Earth.
Sheez, a "Road Warrior" event would be easy, certainly upfront. That's not how liberals and their socialism works. They are much more like the aliens in "Independence Day" - parasites. They'll cause hell; but never wish to thoroughly deplete their "mother host".
Instead, we'll have people running around, dazed and confused, and reaching for more prozac. While the winners, the non-grasshoppers will emerge again. But this time, will they be accused of being the "hateful" and "corrupt" Wealthy? Time will tell.
BUT!! This is where, I think, you are precisely ON TARGET:
Already in various locations throughout California, business owners are locking and loading. Why? No budget money for cops to defend them. It was a year or so before I moved that even gated communities were being told they were "on their own" with regard to getting police to come and help if a burglary or gang invasion take place.
In Oakland, CA -- there've been numerous reports of solid citizens, business owners, private citizen arming and defending themselves against predators.
And so, Centurion2000, what you posit, has already begun in certain locations. Usually it is an area of some affluence being connected by mass transit, high car theft rates, near a "poverty" area. I hate to say follow the transit systems and what laws do not exist to protect the innocent.. but, the tracks are there.
Solid Citizens in Oakland and parts of the San Francisco Bay Area are already Galting.
The result is that now Bibi is the Wests leader in the fight against Islamofascism. And we will send him millions of dollars via the Jewish community in the West. The Shit will hit the fan when Obama tries to stop that support.
Obama will try to convince Gordon Brown to do the same thing.
Wait until people really see what's going on.Bad News for Obama.