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How Will This Depression Differ from Previous Ones?
Seeking Alpha ^ | March 03, 2009 | Steve Saville

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 ...


TOPICS: Business/Economy
KEYWORDS: depression; economicsrecession; economy; obamanomics

1 posted on 03/03/2009 1:44:16 PM PST by arthurus
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To: arthurus

Are at the beginning of a (lower case d)epression?


2 posted on 03/03/2009 1:47:32 PM PST by Dallas59 ("You know the one with the big ears? He might be yours, but he ain't my president.")
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To: Dallas59

*we*


3 posted on 03/03/2009 1:47:44 PM PST by Dallas59 ("You know the one with the big ears? He might be yours, but he ain't my president.")
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To: arthurus

uh...we have dictator now. That’s one big difference.


4 posted on 03/03/2009 1:49:00 PM PST by Calpublican
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To: arthurus
The 0ne will save enslave us.
5 posted on 03/03/2009 1:49:03 PM PST by ConservaTexan (February 6, 1911)
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To: arthurus

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.


6 posted on 03/03/2009 1:49:18 PM PST by Tarpon (It's a common fact, one can't be liberal and rational at the same time.)
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To: Calpublican

Actually Roosevelt was pretty much a dictator too....


7 posted on 03/03/2009 1:56:40 PM PST by MrLee (Sha'alu Shalom Yerushalyim!! God bless Eretz Israel.)
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To: ConservaTexan

No he won’t . The population is much better armed than it was in the last depression .


8 posted on 03/03/2009 1:57:27 PM PST by Renegade (You go tell my buddies)
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To: arthurus

Was the last Depression world-wide or U.S. only? It seems to be world-wide this time.


9 posted on 03/03/2009 2:03:22 PM PST by Marie2 (Ora et labora)
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To: Renegade

Agreed. I am stocked, locked, loaded and saying “come and take it!”


10 posted on 03/03/2009 2:03:26 PM PST by ConservaTexan (February 6, 1911)
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To: arthurus
In some respects the economic conttactuion so called, is full of danger. The liberal left has managed to bring America to its knees, and we will have to turf the idiots ASAP.

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.

11 posted on 03/03/2009 2:04:37 PM PST by Candor7 (Fascism? All it takes is for good men to say nothing, ( member NRA)
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To: ConservaTexan

Ditto. So are my sons .


12 posted on 03/03/2009 2:06:19 PM PST by Renegade (You go tell my buddies)
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To: Candor7

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.


13 posted on 03/03/2009 2:13:56 PM PST by arthurus ( H.L. Mencken said, "Every election is a sort of advance auction sale of stolen goods.")
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To: arthurus
How Will This Depression Differ from Previous Ones?

This one will probably be like the one that stretched from the Fall of the Roman Empire to the Crusades.

14 posted on 03/03/2009 2:14:14 PM PST by meadsjn (Socialists promote neighbors selling out their neighbors; Free Traitors promote just the opposite.)
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To: Marie2

The 30s Depression was, indeed, worldwide.


15 posted on 03/03/2009 2:14:51 PM PST by arthurus ( H.L. Mencken said, "Every election is a sort of advance auction sale of stolen goods.")
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To: arthurus
I think we maybe becoming Israel’s formal enemy.

When that occurs, God will cease to bless America and then that will seal our fate.

16 posted on 03/03/2009 2:18:46 PM PST by Heartland Mom ("Government's first duty is to protect the people, not run their lives." - Ronald Reagan)
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To: Renegade
The population is much better armed than it was in the last depression.

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.

17 posted on 03/03/2009 2:19:21 PM PST by businessprofessor
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To: arthurus

Our leader doesn’t have the stones to lead us in a war to get out of this Depression.


18 posted on 03/03/2009 2:21:50 PM PST by PzLdr ("The Emperor is not as forgiving as I am" - Darth Vader)
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To: Renegade
The population is much better armed than it was in the last depression

Keep in mind that the population is also much less well-behaved than it was in the last depression.

19 posted on 03/03/2009 2:22:10 PM PST by r9etb
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To: arthurus

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.


20 posted on 03/03/2009 2:22:23 PM PST by pallis
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To: arthurus

this is like the depression that brought Hitler into power.

its our turn to suffer a HitBama I guess


21 posted on 03/03/2009 2:22:44 PM PST by GeronL (Will bankrupting America lead to socialism?)
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To: Marie2

worldwide too. it brought Hitler into power.


22 posted on 03/03/2009 2:23:25 PM PST by GeronL (Will bankrupting America lead to socialism?)
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To: arthurus
More crime.
MUCH more civil unrest.
Less international war between us and someone else.

23 posted on 03/03/2009 2:23:33 PM PST by Centurion2000 (01-20-2009 : The end of the PAX AMERICANA.)
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To: arthurus

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.


24 posted on 03/03/2009 2:32:50 PM PST by Ohioan
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To: Calpublican

Essentially we had a dictator in the Great Depression but his purview was not so great as Obama’s.


25 posted on 03/03/2009 2:38:44 PM PST by arthurus ( H.L. Mencken said, "Every election is a sort of advance auction sale of stolen goods.")
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To: Ohioan

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.


26 posted on 03/03/2009 2:41:23 PM PST by arthurus ( H.L. Mencken said, "Every election is a sort of advance auction sale of stolen goods.")
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To: businessprofessor

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.”


27 posted on 03/03/2009 2:45:10 PM PST by Renegade (You go tell my buddies)
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To: PzLdr
WWII did NOT get us out of the Depression. It converted it into a Full Employment Depression. Economic conditions of individuals and families were no better than in the 30s but everyone had a job at essentially slave labor rates.
Rationing.
Price controls.
Wage controls.
Even the same exhortations i.e. "wear it out, mend it, use it up, do without." etc. Obesity was NOT a problem. I think the coming economic adversity will end obesity as a concern in America once again. And, once we get the socialized medicine that has already taken a big step with the "stimulus" bill, medical care will go downhill precipitously.
28 posted on 03/03/2009 2:49:41 PM PST by arthurus ( H.L. Mencken said, "Every election is a sort of advance auction sale of stolen goods.")
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To: Centurion2000
Less international war between us and someone else.

Maybe.
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?

29 posted on 03/03/2009 2:52:41 PM PST by arthurus ( H.L. Mencken said, "Every election is a sort of advance auction sale of stolen goods.")
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To: Renegade
Tell that to the North Vietnamese .

Speaking of the NVs- Someone on FR compared Hussein to Hochiminh.

30 posted on 03/03/2009 2:55:07 PM PST by arthurus ( H.L. Mencken said, "Every election is a sort of advance auction sale of stolen goods.")
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To: arthurus
How Will This Depression Differ from Previous Ones?

We have Prozac now.

-PJ

31 posted on 03/03/2009 3:00:31 PM PST by Political Junkie Too (You can never overestimate the Democrats' ability to overplay their hand.)
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To: arthurus

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.


32 posted on 03/03/2009 3:01:46 PM PST by Alia
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To: arthurus

Soup lines will be offering 7 options including clam chowder.


33 posted on 03/03/2009 3:27:52 PM PST by qwertypie
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To: arthurus
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?

I think you already know the answer to that one.

34 posted on 03/03/2009 3:32:24 PM PST by Centurion2000 (01-20-2009 : The end of the PAX AMERICANA.)
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To: Alia
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.

I'm thinking more like the intro to Road Warrior in certain places.

35 posted on 03/03/2009 3:35:35 PM PST by Centurion2000 (01-20-2009 : The end of the PAX AMERICANA.)
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To: Centurion2000
:)

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.

36 posted on 03/03/2009 3:49:05 PM PST by Alia
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To: Centurion2000
I'm thinking more like the intro to Road Warrior in certain places.

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.

37 posted on 03/03/2009 3:55:38 PM PST by Alia
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To: arthurus
That has already happened. Obama visited Israel and spoke with Bibi. Bibi took Obama's measure and politely sent him packing.

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.

38 posted on 03/03/2009 8:08:05 PM PST by Candor7 (Fascism? All it takes is for good men to say nothing, ( member NRA)
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