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A list of ways this economic collapse is different from the great depression
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Freethinker 
They can't eat ya...
User ID: 803599
10/26/2009 8:45 PM
Report abusive post | A list of ways this economic collapse is different from the great depression
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let's make a list.
1. The Average American wasn't up to their eyeballs in consumer debt during the great depression.
2. We were a nation of farmers then, now we are a nation of computer programmers, accountants and marketing consultants.
3. The currency wasn't fiat, and money was "real" back during the first one. Now, the treasury and fed are printing money.
5. The movie industry skyrocketed during the first one, this time around, the movie industry is getting killed.
6. Art and Music was available to personalize the pain of the great depression...Now, all popular culture and music is ignoring the facts. Where are the artists?
7. The US government wasn't being operated by politicians and business people with a global agenda during the first one.
I am sure there are others...
and it does no harm to the beauty of the sunset to understand the mysteries of the sun |
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Freethinker
They can't eat ya...
User ID: 383050
10/27/2009 9:09 AM
| | Re: A list of ways this economic collapse is different from the great depression | Quote |
8. The internet wasn't available to seek out the facts during the great depression
Last Edited by Freethinker on 10/27/2009 at 9:09 AM
and it does no harm to the beauty of the sunset to understand the mysteries of the sun |
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BRIEF AND TO THE POINT
User ID: 381742
10/27/2009 9:11 AM
 | | Re: A list of ways this economic collapse is different from the great depression | Quote |
We manufactured stuff then, now we make nothing.
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
What one person receives without working for, another person must work for without receiving.
The government cannot give to anybody anything that the government does not first take from somebody else.
When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.
You cannot multiply wealth by dividing it! |
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Freethinker
They can't eat ya...
User ID: 383050
10/27/2009 9:13 AM
| | Re: A list of ways this economic collapse is different from the great depression | Quote |
We manufactured stuff then, now we make nothing. Quoting: BRIEF AND TO THE POINT
excellent point:
9. Manufacturing base has been exported.
and it does no harm to the beauty of the sunset to understand the mysteries of the sun |
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BRIEF AND TO THE POINT
User ID: 381742
10/27/2009 9:14 AM
| | Re: A list of ways this economic collapse is different from the great depression | Quote |
We were of one mind/one nation. Now we are multicultural,multilingual, and openly gay.
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
What one person receives without working for, another person must work for without receiving.
The government cannot give to anybody anything that the government does not first take from somebody else.
When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.
You cannot multiply wealth by dividing it! |
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Freethinker
They can't eat ya...
User ID: 804010
10/27/2009 9:16 AM
| | Re: A list of ways this economic collapse is different from the great depression | Quote |
We were of one mind/one nation. Now we are multicultural,multilingual, and openly gay. Quoting: BRIEF AND TO THE POINT
very true as well...you are on your game today!
10. dilution of national culture
and it does no harm to the beauty of the sunset to understand the mysteries of the sun |
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Anonymous Coward
User ID: 766726
10/27/2009 9:16 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
The US had a trade surplus.
The Federal budget was balanced. |
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Punk A$$ets
User ID: 763071
10/27/2009 9:17 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
There werent welfare programs to suck the money from folks who actually save.
Last Edited by Punk A$$ets on 10/27/2009 at 9:18 AM |
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Freethinker
They can't eat ya...
User ID: 804010
10/27/2009 9:20 AM
| | Re: A list of ways this economic collapse is different from the great depression | Quote |
There werent welfare programs to suck the money from folks who actually saved. Quoting: Punk A$$ets
11. Aging socialist programs supporting able people. Great abuse of the social safety net.
nice.
The US had a trade surplus.
The Federal budget was balanced. Quoting: Anonymous Coward 766726
12. No federal debt during the first depression.
and it does no harm to the beauty of the sunset to understand the mysteries of the sun |
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Anonymous Coward
User ID: 763552
10/27/2009 9:21 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
7. The US government wasn't being operated by politicians and business people with a global agenda during the first one. Quoting: Freethinker
yes it was.... FDR was a reptilian through and through... purposely luring us into WW2, creating social security, confiscating gold.. need I go on? |
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Anonymous Coward
User ID: 801926
10/27/2009 9:21 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
True.
Every word of it OP. |
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Freethinker
They can't eat ya...
User ID: 804010
10/27/2009 9:23 AM
| | Re: A list of ways this economic collapse is different from the great depression | Quote |
7. The US government wasn't being operated by politicians and business people with a global agenda during the first one.
yes it was.... FDR was a reptilian through and through... purposely luring us into WW2, creating social security, confiscating gold.. need I go on? Quoting: Anonymous Coward 763552
FDR was a product of the great depression. Hoover wasn't a globalist.
and it does no harm to the beauty of the sunset to understand the mysteries of the sun |
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Anonymous Coward
User ID: 766726
10/27/2009 9:28 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
7. The US government wasn't being operated by politicians and business people with a global agenda during the first one.
yes it was.... FDR was a reptilian through and through... purposely luring us into WW2, creating social security, confiscating gold.. need I go on?
FDR was a product of the great depression. Hoover wasn't a globalist. Quoting: Freethinker
Woodrow Wilson was a globalist banker who set the stage / but I agree that the Government of the depression was mostly of/by&for the people trying to do the right thing. |
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Anonymous Coward
User ID: 762605
10/27/2009 9:29 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
7. The US government wasn't being operated by politicians and business people with a global agenda during the first one.
yes it was.... FDR was a reptilian through and through... purposely luring us into WW2, creating social security, confiscating gold.. need I go on? Quoting: Anonymous Coward 763552
and don't EVER forget that he locked up AMERICAN citizens just because they were of Japanese decent and kept them in camps until the war was over. |
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Punk A$$ets
User ID: 763071
10/27/2009 9:32 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
There werent welfare programs to suck the money from folks who actually saved.
11. Aging socialist programs supporting able people. Great abuse of the social safety net.
nice. Quoting: Freethinker
Likely the only thing that keeps this crisis from looking like the depression panic. But as Margaret Thatcher said;
"The problem with socialism is that you eventually run out of other people’s money"
Last Edited by Punk A$$ets on 10/27/2009 at 9:32 AM |
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Freethinker
They can't eat ya...
User ID: 804010
10/27/2009 9:32 AM
| | Re: A list of ways this economic collapse is different from the great depression | Quote |
12. Healthcare was a very small portion of the total economy, and a small household expense. Doctors made housecalls. Today, one dollar in six goes to modern medicine.
and it does no harm to the beauty of the sunset to understand the mysteries of the sun |
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BRIEF AND TO THE POINT
User ID: 381742
10/27/2009 9:32 AM
| | Re: A list of ways this economic collapse is different from the great depression | Quote |
This may play into # 10 but, during the first depression we were morally stronger as a nation. Greater family values, less divorce and shacking up having multiple kids with multiple partners. We have lost our sense of personal responsibility and integrity.
Last Edited by BRIEF AND TO THE POINT on 10/27/2009 at 9:32 AM
You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
What one person receives without working for, another person must work for without receiving.
The government cannot give to anybody anything that the government does not first take from somebody else.
When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.
You cannot multiply wealth by dividing it! |
|
Punk A$$ets
User ID: 763071
10/27/2009 9:36 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
This may play into # 10 but, during the first depression we were morally stronger as a nation. Greater family values, less divorce and shacking up having multiple kids with multiple partners. We have lost our sense of personal responsibility and integrity. Quoting: BRIEF AND TO THE POINT
I susupect that as 500 people compete for the same $10 per hour job they will relearn manners and such.
Large families will be forced to live together and learn to become uncomfortably close.
Its inevitable. |
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Punk A$$ets
User ID: 763071
10/27/2009 9:45 AM | |
FinalCountdown
User ID: 737419
10/27/2009 9:50 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
Our children were not dumbed down...were not eating mostly garbage...and did not spend the majority of their time in front of, or attached to, electronic devices.
We still ate good food, most of which was local, and our bodies were not full of poison. |
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Anonymous Coward
User ID: 804032
10/27/2009 9:51 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
There werent welfare programs to suck the money from folks who actually saved.
11. Aging socialist programs supporting able people. Great abuse of the social safety net.
nice.
Likely the only thing that keeps this crisis from looking like the depression panic. But as Margaret Thatcher said;
"The problem with socialism is that you eventually run out of other people’s money" Quoting: Punk A$$ets
That's a corker of a quote. |
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BelgianBoy
User ID: 696367
10/27/2009 10:16 AM
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dmitry orlov
User ID: 692031
10/27/2009 10:25 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
12. Healthcare was a very small portion of the total economy, and a small household expense. Doctors made housecalls. Today, one dollar in six goes to modern medicine. Quoting: Freethinker
Great List FreeTHINKer!
Here are some more:
- During the first depression, we as a people had not yet been infected by "affluenza".
- There was no television pumping garbage and false dichotomies into our homes making the average "family unit" not just "feel" but "believe" that they were insufficiently conspicuous in their patterns of consumption.
- Speaking of consumption - in the first depression "consumption" meant "a wasting disease" now it is considered a duty of all citizens.
- Edward Berney's (Freud's nephew) had redefined "wants" as "needs" but his ideas were not yet common currency and "propaganda" had not yet been re-christened as "P.R."
- America was on the road to becoming a Spectator Democracy but had not yet reached the point of no return.
- GLP was just a nightmare told to little kids to keep them in their beds at night... |
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Anonymous Coward
User ID: 789292
10/27/2009 10:30 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
We manufactured stuff then, now we make nothing.
excellent point:
9. Manufacturing base has been exported. Quoting: Freethinker
Actually the United States didn't have a large manufacturing based until the onset of WW2. During WW2 is when be became a manufacturing superpower because 60% of GDP went to manufacturing war machines. 70% of all factories in this country were built after WW2.
We can argue those points but I would like to add another.
People were healthier to begin with. They were not obese.
Fiat currencies allow us to inflate our way out of a depression. Back then you couldn't print money unless there was gold to back it. So when rich people started hoarding their gold the money in circulation. Now the rich can hoard their money and have the government print more. I can't say i feel bad right now. It certainly doesn't feel like i expected a depression to feel. That being said the inflation is going to kill the working man.
This is gonna be a depression for the average working man and a boom for the rich.
The last depression was a depression for everyone. |
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anonymous
User ID: 803901
10/27/2009 10:36 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
let's make a list.
1. The Average American wasn't up to their eyeballs in consumer debt during the great depression.
2. We were a nation of farmers then, now we are a nation of computer programmers, accountants and marketing consultants.
3. The currency wasn't fiat, and money was "real" back during the first one. Now, the treasury and fed are printing money.
5. The movie industry skyrocketed during the first one, this time around, the movie industry is getting killed.
6. Art and Music was available to personalize the pain of the great depression...Now, all popular culture and music is ignoring the facts. Where are the artists?
7. The US government wasn't being operated by politicians and business people with a global agenda during the first one.
I am sure there are others... Quoting: Freethinker
the standard of living in the 1920 s was not high for most folks..many stocks were highly levereaged and values were rapidly increasing to adnormal and unstubstainable high points. stock markets crash of 1929 panicked everyone. banks saw runs on thier cash and shut thier doors . media hyped up this drama and scared consumers who sold off more stocks and drained more banks.In 1929 people were in some debt from instalment purchses. . lack of consumer confidence caused to to hoard money.. lack of money moving threw the system collapsed the commerce across america .folks lost confidence in stocks ..stocks grow economies and provide seed money for new branches of a bussiness ... it was nearly at a stand still by 1933 ..jobs had already folded in droves as consumers sat on thier cash ...alot like today . but a smaler scale and less population. .. |
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paul volcker
User ID: 692031
10/27/2009 10:40 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
That being said the inflation is going to kill the working man.
This is gonna be a depression for the average working man and a boom for the rich.
The last depression was a depression for everyone. Quoting: Anonymous Coward 789292
We have a WINNER!
 |
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Anonymous Coward
User ID: 804071
10/27/2009 10:50 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
We manufactured stuff then, now we make nothing.
excellent point:
9. Manufacturing base has been exported.
Actually the United States didn't have a large manufacturing based until the onset of WW2. During WW2 is when be became a manufacturing superpower because 60% of GDP went to manufacturing war machines. 70% of all factories in this country were built after WW2.
We can argue those points but I would like to add another.
People were healthier to begin with. They were not obese. People worked back then, you would almost never see a fat person.
Fiat currencies allow us to inflate our way out of a depression. Back then you couldn't print money unless there was gold to back it. So when rich people started hoarding their gold the money in circulation. Now the rich can hoard their money and have the government print more. I can't say i feel bad right now. It certainly doesn't feel like i expected a depression to feel. That being said the inflation is going to kill the working man.
This is gonna be a depression for the average working man and a boom for the rich.
The last depression was a depression for everyone. Quoting: Anonymous Coward 789292
Very good post..... |
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rumsfeld
User ID: 692031
10/27/2009 10:57 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
High Fructose Corn Syrup not yet synthesized.
Ditto for Aspartame.
Eat up Fatboy!
Yummm |
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Anonymous Coward
User ID: 796098
10/27/2009 11:53 AM | | Re: A list of ways this economic collapse is different from the great depression | Quote |
Add this: TPTB had not infiltrated every aspect of daily living back then. Between controlled and selective schooling, forced propaganda, encouraged spending and rejection of saving, police state-like settings, control and poisoning of food and water, and sheer brainwashing at its finest, it is much harder to go on mentally now then it was then.
Also, we weren't in the middle of fighting endless wars around the world during the first depression. |
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Freethinker
They can't eat ya...
User ID: 803599
10/27/2009 7:56 PM
| | Re: A list of ways this economic collapse is different from the great depression | Quote |
Add this: TPTB had not infiltrated every aspect of daily living back then. Between controlled and selective schooling, forced propaganda, encouraged spending and rejection of saving, police state-like settings, control and poisoning of food and water, and sheer brainwashing at its finest, it is much harder to go on mentally now then it was then.
Also, we weren't in the middle of fighting endless wars around the world during the first depression. Quoting: Anonymous Coward 796098
lots of good posts here.
13. average american diet was more natural and complete.
14. our GDP wasn't being spent on military operations in the middle east.
and it does no harm to the beauty of the sunset to understand the mysteries of the sun |
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Freethinker
They can't eat ya...
User ID: 803599
10/27/2009 7:57 PM
| | Re: A list of ways this economic collapse is different from the great depression | Quote |
12. Healthcare was a very small portion of the total economy, and a small household expense. Doctors made housecalls. Today, one dollar in six goes to modern medicine.
Great List FreeTHINKer!
Here are some more:
- During the first depression, we as a people had not yet been infected by "affluenza".
- There was no television pumping garbage and false dichotomies into our homes making the average "family unit" not just "feel" but "believe" that they were insufficiently conspicuous in their patterns of consumption.
- Speaking of consumption - in the first depression "consumption" meant "a wasting disease" now it is considered a duty of all citizens.
- Edward Berney's (Freud's nephew) had redefined "wants" as "needs" but his ideas were not yet common currency and "propaganda" had not yet been re-christened as "P.R."
- America was on the road to becoming a Spectator Democracy but had not yet reached the point of no return.
- GLP was just a nightmare told to little kids to keep them in their beds at night... Quoting: dmitry orlov 692031
15. holy crap...Television is a huge factor I had forgotten
Last Edited by Freethinker on 10/27/2009 at 7:57 PM
and it does no harm to the beauty of the sunset to understand the mysteries of the sun |
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