Great Depression - Deux

Great Depression - Deux

Postby Jack Bennest » Sat Dec 06, 2008 8:50 am

None of us really went through the Great Depression
and I doubt we will ever see such an event in our
lifetime.

Image

But economists are now saying that this latest
recession - possibly the worst since WW2 - will
be felt by our current population as their great
depression.

Personally I am an optimist and have been saying we need
a new president in the US, we need the American government
to buy back a lot of credit from China and get out of war
zones where the great sucking sound of money going into
funeral parlours is heard.

Economists are now predicting that we will become preoccupied
with holding our jobs, looking for new ones and creating our
own in this down time. In fact all of us should become buyers.
Buy when the market is at the bottom and you will feel better
in two years when we hit another top. Buy not cars and tv's
but land and quality stocks.

I am going to weather the storm
with two cheques in the mail each month - where the amount
of work involved is minimal.

In Oliver I work for the Feds reviewing vegetables at
Super Valu and I don’t file reports - I just remember LBP
and the CPP

At home I get a cheque for answering the phone when a local
is upset with a pothole.

Not much money but enough to help with my membership in the
senior citizens centre, the odd tenderloin steak and lots of
potatoes.

Now this morning I was reviewing the negative headlines and I saw
that the interest rates may go down again. That's good for my
mortgage. There will be massive job loss.
Mostly part time.
Well that probably means that a lot of employees that were
not needed will be let go. God I am cynical. The economy is contracting because of many things...the biggest being fear.

Did you see the headline - Canadians fear the outcome of events in Ottawa!! - Really are we that naive.

It's Christmas the annual season for radio stations and other business to get rid of the dead wood. (Remember NW in 1999) - time to chop off heads and cut down Christmas Trees.

I ramble but ask yourself why don't they get rid of people while they are swimming in the surf rather than at the most depressing (no good light) time of the year no wonder why suicides are highest at this time of the year.

Bear down - buy Kraft dinner - walk more, buy less - do what the mob says - it will be over soon or in two years. But it might be your Great Depression as you have never experienced one. Let’s review this file in a couple of months.
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Re: Great Depression - Deux

Postby cart_machine » Sat Dec 06, 2008 6:31 pm

Top Dog wrote: None of us really went through the Great Depression
and I doubt we will ever see such an event in our lifetime.


It's because pre-Depression, there weren't large federal government programmes (though in Vancouver, Relief was provided by the city). Families (or extended families) had to take care of their own and they didn't have the resources to do it.

One can argue they don't have the resources today, but the fact is things would be worse off for many were there not the social programmes implemented because of the Depression (of course, there's another side of the argument, that we'd be keeping money we pay in taxes to support the programmes).

Top Dog wrote: Personally I am an optimist and have been saying we need a new president in the US, we need the American government
to buy back a lot of credit from China and get out of war
zones where the great sucking sound of money going into
funeral parlours is heard.


TD, did you write this in October? They have a new president. In fact, there was no way they could legally keep the imcumbant.

For your scenario to happen, the U.S. doesn't need a different president. What it needs is a different policy. The two don't necessarily go together.

Top Dog wrote: I am going to weather the storm
with two cheques in the mail each month - where the amount
of work involved is minimal.


Two?! Another double-dipping drone of a politician! And aren't you collecting an WIC pension? ;)

cArtie.
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Re: Great Depression - Deux

Postby Glen Livingstone » Sat Dec 06, 2008 7:39 pm

Top Dog wrote:In Oliver I work for the Feds reviewing vegetables at
Super Valu.


Are you referring to the staff?

Top Dog wrote:At home I get a cheque for answering the phone when a local is upset with a pothole.


Every time?

Top Dog wrote:
It's Christmas the annual season for radio stations and other business to get rid of the dead wood.


Get rid of it? Why not use it for fuel?

Top Dog wrote:Bear down - buy Kraft dinner.


Or better yet, why not just steal it from one of those vegetables who work at the Oliver Super Valu?

Top Dog wrote:Let’s review this file in a couple of months.


Those of us who survive.
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Postby Jack Bennest » Sat Dec 06, 2008 7:43 pm

I like the one about the vegetables at the Super Valu and no - I won't engage on any of your wonderful points.


I am still working on getting John Sykes his senatorship.
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Postby Glen Livingstone » Sat Dec 06, 2008 7:48 pm

Top Dog wrote:

I am still working on getting John Sykes his senatorship.


Talk about the Great Depression - now that is depressing!
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Postby Dan Sys » Sat Dec 06, 2008 8:50 pm

Great idea, but there already is a Senator Sykes:
http://www.youtube.com/watch?v=23sCfgWm7xQ
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