tag:blogger.com,1999:blog-27697009.post7790634063593060992..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : It's Never Been This Bad Before (reprint)Jim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-27697009.post-6764414161135948672008-01-22T09:55:00.000-08:002008-01-22T09:55:00.000-08:00We have become citizens of The United Slaves of Am...We have become citizens of The United Slaves of America. We have enslave ourselves to greedy creditors, banks, the real state mafia and to the federal reserve wrong policies. You didn't have to be a fortune teller to predict the outcome of the economic debacle we will face soon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-80246345420585870912008-01-22T06:11:00.000-08:002008-01-22T06:11:00.000-08:002006 was not the year point, I've been saying 2008...2006 was not the year point, I've been saying 2008. For the record, it is 9:00AM EST Tuesday, January 22, 2008. I've seen this coming, and have been predicting this for the past five years, but few listened. <BR/><BR/>I am closely watching the markets today, especially as I just received an alert that: THE FEDERAL RESERVE CUTS KEY INTEREST RATE BY THREE-QUARTERS OF A PERCENTAGE POINT IN AN EMERGENCY BID TO SUPPORT THE WEAK U.S. ECONOMY. Is this what happened prior to 1929? <BR/><BR/>All that comes to my mind, are the song lyrics, "This is the day, your life is gonna change."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-42456452997562773042008-01-18T21:12:00.000-08:002008-01-18T21:12:00.000-08:00Hi CreeksideI don't think is was me that posted to...Hi Creekside<BR/><BR/>I don't think is was me that posted to Calculated Risk. I will comment on another blog or shamelessly copy content (mostly visual aids) but I always give credit to the source.<BR/><BR/>Its very peculiar, you are the second person to address the social consequences issue. It is by far the most important issue of our time and one most overlooked.<BR/><BR/>I will try to focus on it more.<BR/><BR/>Thank you for your comments.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-61527217627372918442008-01-18T18:16:00.000-08:002008-01-18T18:16:00.000-08:00I also had to google "apposite".The first is a gre...I also had to google "apposite".<BR/><BR/>The first is a great quote, and is worth reposting every six months. I think you might have posted it on calculatedrisk, for which I'm grateful if you did.<BR/><BR/>But I also come from a place where I think we should consider the social consequences. I have <I>some</I> talent, but much of what I have achieved has been by building on the work of others. This notion of individual achievement often reminds me of Anne Richards' remark about W's dad that he had been born on third base and gave himself credit for getting there.<BR/>--CreeksideAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-65861077073206704762008-01-17T07:03:00.000-08:002008-01-17T07:03:00.000-08:00Hi SackI had to google "apposite." I learned a new...Hi Sack<BR/><BR/>I had to google "apposite." I learned a new word "Strikingly appropriate and relevant."<BR/><BR/>I don't think there is much that will be done to fix a lot of this. A lot of property vacated in the north and south will become literally worthless because of neglect and the ravages of nature.<BR/><BR/>It will ruin a lot of people, but when you think about it, stepping away from the house will improve your life, if your job is still intact.<BR/><BR/>Germany solved their employment problem in the 1930's by preparing for war. What worries me, is that every country can come up with a different solution. <BR/><BR/>The real problem from any collapse could be third world starvation.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-5822975489682535682008-01-17T00:12:00.000-08:002008-01-17T00:12:00.000-08:00Hi Jim - very apposite. I've said for some time we...Hi Jim - very apposite. I've said for some time we should be thinking about the social consequences of recession, rather than about investment opportunities. The social fabric can be torn, and there are some who would like to see it happen.Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.com