How Will YOU Do if We Sink into a Horrendous Depression?

[gm2022]

I don't think things will get much worse. I went thru the late 70's and this is nowhere close. Just got to wait it out.

hope so

[ryanXL977]

things will get much worse before they get better
you aint seen nothing yet
anyone who knows anything about history knew this was coming
thats what happens when people dont read or go outside the borders of their lil fantasy worlds

[Barishnikov]

If that ever happens, then use your mind. Come up with a solution that will improve your situation. Don't go out into the streets and #$@#$ people up as some have suggested. Invent! Be creative and don't depend on others. Is that so hard to do?

[ryanXL977]

what the ****

[HAPPY BOY]

dude today I felt like I got sucker punched in the stomach. my 401-k is down like 20% and I want to retire in the next 10 years. i hope this turns around in time, but its looking bad. well see what AIG does tomorrow.

[ryanXL977]

you guys aint seen nothin yet
and yet people still vote gop
amazing

[HAPPY BOY]

you guys aint seen nothin yet
and yet people still vote gop
amazing

this disater has no party blame. pelosi would have u think so but greed and corporate irresponsibilty are to blame. The subprime mess was the domino to start the reaction.

[ryanXL977]

no party blame
this is the reason we are in this mess
people will continue to make excuses for their dogma
its ****ing incredible

this would not have happened without the war and if bush had appointed people who knew what they were doing
he appointed brownie to run fema, he did the same in the rest of the arenas

wake the **** up people
its almost too late

[Willie Bee]

I should have known better than to open a thread on SBR looking for anything beyond irrational panic.

I believe I'll do ok if the poop hits the fan hard. My wife? That's another story as she has a tough time if the AC/heat is off for a short time. I could live off the land, or what work I put into the land.

[ritehook]

I don't think things will get much worse. I went thru the late 70's and this is nowhere close. Just got to wait it out.

John, I think this is much worse - from a general, national view (and # of people affected) than the '70s recession.

BTW, to answer here Don Juan's complaint that this thread is not discussing seriously the economic implicatons (meaning on a personal, investment level) -- the first thread posted (late Sunday nigjht) on Lehman's belly up (tho I just heard that Barclay's wlll buy them, all of it, not just segments) was posted by moi.

This thread, tho, assumed a crash, and asked other posters what they'd do. One funny one was to put in all on the Under!

The thread was meant to be speculative and enteratining. Tho it is still not out of the question that a more general collapse will happen.

Just because it hasn't since the '30s doesn't mean we are immune.

To believe that the privately-owned Fed will save us; or that the lobbyists that own Washington will - is to believe that Angels dance on the head of a pin.

While I respect everyone's religion (and to believe in the "fundamental" soundness of the US economy, forever and ever, is in fact a religion) I'm not going to accept the dogma without objective proof.

And it ain't there.

[ritehook]

things will get much worse before they get better
you aint seen nothing yet
anyone who knows anything about history knew this was coming
thats what happens when people dont read or go outside the borders of their lil fantasy worlds

Amen.

Let us pray.

[ritehook]

Durito,

To be clear, the wording for those is that a recession is defined as 2 consecutive quarters of negative real GDP growth.

A definition that may satisfy Wall Street but doesn't really encompass a rational view of what's happening on the steet.

It does not take into acount the reality of inflation, and how that impacts the people. It's a way to destroy the middle-classes, as it is the worst kind of "tax."

The bailout of AIG - AND the 50 billion the Fed just pumped into the economy - will again send prices rising.

Only because more fake dollars will be chasing the same quantity of goods and services.

Where did the Fed get the 50 billion, and the megabillion for the AIG bail?

Taxes? No.

They created the money out of nothing. That's how the Fed works, and why integral people like Ron Paul bitterly oppose it.

And when they created that money - fundamentally just a bookkeeping entry - they charge the govt (ie taxpayers) interest on the phony money.

(Phony, because it is not backed by gold or by the GDP, the productive capacity of the nation. Again, they created the money out of nothing. And we will all pay for it with more savings-destroying inflation.)

The description of "recession" does not take into account the unemploment or underemployment in the nation. IE, or slide into "Mexican conditions."

The Adjusted for Inflation minimum wage in America 20 years ago was almost $10 an hour. Look at what it is now.

Not even on the Steet do sharp traders take this archaic description of "recession" seriously. It means zip when it comes to investing.

[element1286]

A definition that may satisfy Wall Street but doesn't really encompass a rational view of what's happening on the steet.

It does not take into acount the reality of inflation, and how that impacts the people. It's a way to destroy the middle-classes, as it is the worst kind of "tax."

The bailout of AIG - AND the 50 billion the Fed just pumped into the economy - will again send prices rising.

Only because more fake dollars will be chasing the same quantity of goods and services.

Where did the Fed get the 50 billion, and the megabillion for the AIG bail?

Taxes? No.

They created the money out of nothing. That's how the Fed works, and why integral people like Ron Paul bitterly oppose it.

And when they created that money - fundamentally just a bookkeeping entry - they charge the govt (ie taxpayers) interest on the phony money.

(Phony, because it is not backed by gold or by the GDP, the productive capacity of the nation. Again, they created the money out of nothing. And we will all pay for it with more savings-destroying inflation.)

The description of "recession" does not take into account the unemploment or underemployment in the nation. IE, or slide into "Mexican conditions."

The Adjusted for Inflation minimum wage in America 20 years ago was almost $10 an hour. Look at what it is now.

Not even on the Steet do sharp traders take this archaic description of "recession" seriously. It means zip when it comes to investing.

Yes, I agree with that.

[ryanXL977]

the fed should neve rhave existed, i am certain many foundign fathers agreed, and i think abe lincoln too

its a joke, why do we need them? our money is imaginary

[element1286]

the fed should neve rhave existed, i am certain many foundign fathers agreed, and i think abe lincoln too

its a joke, why do we need them? our money is imaginary

Agree as well.

[flyingillini]

Aren't you a 40 year old garbage man?

Ha, love this post. I don't think a person with down syndrome can be a trash man. They might hurt themselves. He probably tries to sell the local paper in the entrance of Walmart.