We’re Already in a Depression

[Martin Hash]

It’s difficult to get out of the mindset that a “depression” isn’t soup lines because that’s the image everyone associates with it, but a depression has other indicators:

* How many people are unemployed in a real sense (37%). There’s easily the same percent of unwillingly unemployed people now as during The Depression but the soup lines have been replaced with Welfare checks.

* Flirtation with Collectivism. If anything, the populist attraction to Marxism is bigger now than during The Depression. Collectivism surges when people think they can do better by redistributing wealth than they can by creating wealth of their own.

* Extreme partisanship. FDR had to ram everything through congress with his single-party domination. There was no compromise with Republicans.

* Nationalism/populism. This is happening all over the world; an indication that the world is in depression.

* Captured media. It wasn’t until the early ‘50s that an unbiased news was considered the most important ethical concern.

* Wealth concentration. Same disparity now as at the beginning of The Depression.

* Tent cities.

[TheReal_ND]

Everybody else is getting theirs give me mine. I don't want banana futures. I don't want banana options. I don't want banana margins. I want a fucking banana right now give me a banana.

[Martin Hash]

Everybody else is getting theirs give me mine. I don't want banana futures. I don't want banana options. I don't want banana margins. I want a fucking banana right now give me a banana.

I don’t know if this attitude is indicative of a depression?

[TheReal_ND]

It was leading up to the Thatcher era. Labour

Myth of the 20th Century: Winter of Discontent – 1978-79 Britain https://myth20c.wordpress.com/2019/10/3 ... 9-britain/

[Zlaxer]

* Flirtation with Collectivism. If anything, the populist attraction to Marxism is bigger now than during The Depression. Collectivism surges when people think they can do better by redistributing wealth than they can by creating wealth of their own.

Most people can't generate their own wealth - incapable...generations of dependency has neutered them.....you'll be consumed...just like the rest of us.....the Mob needs to eat...

[Martin Hash]

Entrepreneurship needs to be indoctrinated into children; not “no one gets a piece of candy unless everyone does.”

We must get back education. Vouchers is the solution but there’s nobody leading the charge.

[Zlaxer]

Entrepreneurship needs to be indoctrinated into children; not “no one gets a piece of candy unless everyone does.”

We must get back education. Vouchers is the solution but there’s nobody leading the charge.

Losing battler - Marxists won that front 30 years ago...I don't see a way forward...

[Martin Hash]

If Trump wins big, and takes the House big, it’s possible.

I sent an email & a letter offering to do it but, as usual, never heard back. Obviously, whatever I have to offer (besides giving money) is of no interest to anybody.

[TheReal_ND]

If Trump wins big, and takes the House big, it’s possible.

Did he not have the hkuse, Senate, and judiciary? What did he get done? Nothing. Less than nothing. Lower taxes. Wow woot

[Smitty-48]

A Depression doesn't kick in until it enters a deflationary wage and price spiral

When the policy stimulus can no longer kick start it, even with negative interests