The Coming Storm
In Reply To Wolven
I hate to be the bringer of doom and gloom, but we are due now for the every 100 year depression. Every 100 years, the US has a major economic collapse - its a part of the economic cycle we have developed, and corrects for the constant inflationary growth we otherwise experience.
The Panic of 1819 was based around foreclosures, bank collapses, and credit shortages. The Great Depression (1929-1939) was actually the final sharp downturn of a series of pre-depression panics that began as early as 1907, as well as the post WW1 recession of 1918-1921. The Great Depression was of course triggered by a massive stock market crash on Black Tuesday, but was prefaced by a series of massive economic downturns as early as 1928. However, a great bit of the contributing influences to its cause were a massive inflation in debt and lending practices prior to it.
Of course now, we are lining up again for another downturn, starting with the recessions of the early 80's, 90's and 00's, in a similar pattern of the preceding events of the 1929 collapse. I predict the collapse will probably happen between 2010 and 2015, a bit early but it will be very massive. Again, over-lending, over-spending, and inflation are massive contributory causes. As with previous depressions, the gap between poor and rich becomes greater, the middle class vanishes, and it starkly becomes an issue of Have and Have Not.
Call me in a few years... I'm going to be busy canning food and hiding supplies. My parents may laugh at my grand parents who have a pantry full of canned goods, dry goods, and cold stores, but I think they are damned smart for never forgetting that lesson.
I hate to be the bringer of doom and gloom, but we are due now for the every 100 year depression. Every 100 years, the US has a major economic collapse - its a part of the economic cycle we have developed, and corrects for the constant inflationary growth we otherwise experience.
The Panic of 1819 was based around foreclosures, bank collapses, and credit shortages. The Great Depression (1929-1939) was actually the final sharp downturn of a series of pre-depression panics that began as early as 1907, as well as the post WW1 recession of 1918-1921. The Great Depression was of course triggered by a massive stock market crash on Black Tuesday, but was prefaced by a series of massive economic downturns as early as 1928. However, a great bit of the contributing influences to its cause were a massive inflation in debt and lending practices prior to it.
Of course now, we are lining up again for another downturn, starting with the recessions of the early 80's, 90's and 00's, in a similar pattern of the preceding events of the 1929 collapse. I predict the collapse will probably happen between 2010 and 2015, a bit early but it will be very massive. Again, over-lending, over-spending, and inflation are massive contributory causes. As with previous depressions, the gap between poor and rich becomes greater, the middle class vanishes, and it starkly becomes an issue of Have and Have Not.
Call me in a few years... I'm going to be busy canning food and hiding supplies. My parents may laugh at my grand parents who have a pantry full of canned goods, dry goods, and cold stores, but I think they are damned smart for never forgetting that lesson.
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