[ohcomeon]

$this->bbcode_second_pass_quote('charliebrownout', '[')url=http://itulip.com/forums/showthread.php?p=52465#post52465]It will be more like 1873.[/url]

Link found on Ron Paul's Campaign for Liberty.

[steam_cannon]

Great article! Worth killing a tree (print)!

[HEADER_RACK]

$this->bbcode_second_pass_quote('sittinguy', 'E')ven with high gas prices and food prices people are getting along OK for now. Everyone I know still has 150 channels on TV, high speed internet, pool pump running, luxury food items, A/C on 74 degrees. And all people had to do was give up a hobby or cut back on them.

So things are going to have to WAY more expensive to REALLY get attention with action required. Rite now it just gets your attention.

My personal theory is people living within their means, even if its paycheck to paycheck, will do OK

People that NEED to use a credit card every month to make it to the next check,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,ARE SCREWED

but what do I know

[TheDude]

Why not 1373?

He says the Weimar's need to pay remittances was a factor in 1929 that isn't present now, but what would you compare the enormous scale of US debt to?

[Cloud9]

You are right. This won’t be like 1929. In 29 there were a lot of people still alive that had been born in the 19th century. Those people came from a preindustrial society. They actually knew how to work. This new storm is going to be totally different.

This current generation is not going to be able to walk out in the back yard and pull up a turnip or strangle a chicken if it gets hungry.

Even those of us on the sidelines my run out of popcorn before this is over.

[pedalling_faster]

$this->bbcode_second_pass_quote('Cloud9', 'E')ven those of us on the sidelines my run out of popcorn before this is over.

[Specop_007]

$this->bbcode_second_pass_quote('TheDude', 'W')hy not 1373?

He says the Weimar's need to pay remittances was a factor in 1929 that isn't present now, but what would you compare the enormous scale of US debt to?

[Snowrunner]

$this->bbcode_second_pass_quote('Specop_007', 'I') dont know why everyone complains about the level of American debt. Look at our debt as a percentage of GDP, then compare it to many other first world countries.

You may be suprised......

[Specop_007]

$this->bbcode_second_pass_quote('Snowrunner', '')$this->bbcode_second_pass_quote('Specop_007', 'I') dont know why everyone complains about the level of American debt. Look at our debt as a percentage of GDP, then compare it to many other first world countries.

You may be suprised......

[3aidlillahi]

$this->bbcode_second_pass_quote('Specop_007', '
')As for cutting, I personally believe we could cut damn near a trillion from the budget. its important to remember the enumerated powers. Spending outside of that is not hitting bone. We may think we need to spend half a trillion a year on social programs, but frankly we do not.

[Snowrunner]

$this->bbcode_second_pass_quote('Specop_007', 'A')s for cutting, I personally believe we could cut damn near a trillion from the budget. its important to remember the enumerated powers. Spending outside of that is not hitting bone. We may think we need to spend half a trillion a year on social programs, but frankly we do not.

[KevO]

hold on to your hats, if you had the money to buy one
$this->bbcode_second_pass_quote('', 'M')eanwhile, the current financial crisis may be more far-reaching than even the 1929 crash, a Bank of England policymaker has warned.

Professor David Blanchflower - who has often been a lone voice in urging rate cuts and is a member of the Bank's Monetary Policy Committee - said big interest rate cuts were needed to avoid a deep recession.

"If rates are not cut aggressively, we do face the prospect of a relatively deep and long-lasting recession," he said.

Professor Blanchflower warned international financial problems could turn out to have long-lasting repercussions.

"It is even possible that this event may turn out to be more significant than the 1929 crash which primarily involved bank failures in the United States," he said.

"The current difficulties in financial markets are more global in nature and more comparable to what happened in the First World War.

[KevO]

............which would make peak oil the least of everyones worries.
Seriously I collect art and rare books but this weekend they all go on to ebay before Jan/Feb (the shit hitting fan months)
Money in a bank?
get it out whilst you still can and buy stoves and self suffiency stuff!

[patience]

I'm with you KevO!
QUOTE
"Jan/Feb (crap hitting the fan months).." I hope it holds together that long. We need to move some money, and it will take a bit of time, from Treasuries in a govt retirement account, and then pay off my kid's mortgage, and figure out what the HELL to do with the rest of it.

My kids are situated on a 32 acre homestead, and we may put some into a shop and a small livestock shed there. I've collected garden tools, horse implements (girl grew up working draft horses, but don't have any at the moment), boxes of nails, logging stuff, a blacksmith shop + 2,000 lbs. coal for it, hand cranked grinder and drill press, hand woodworking tools, etc.. They need a building to put it in. My shop is stuffed. They worked out a deal with the neighbor to provide pasture and horse care in exchange for working a couple their horses.

We have done all we know to do on our one acre, including water supply, PV electric, generator, fuels, wood heat and cooking, big gardens, stuffed pantry, the whole nine yards of it. Chicken facility going up this month, and feed is on hand, plus the feed ginder and gas engine and gas.

I'm getting freaked about the world situation, and I have 2 related questions:

1) What have I forgotten? (Wish there was a master checklist!)
2) Where to put our savings. (No debt , small business, age 62)

[Spanktron9]

$this->bbcode_second_pass_quote('patience', '1')) What have I forgotten? (Wish there was a master checklist!)
2) Where to put our savings. (No debt , small business, age 62)

[KevO]

$this->bbcode_second_pass_quote('patience', '
')2) Where to put our savings. (No debt , small business, age 62)

[Heineken]

My devil's advocate hackles are up.

I'm increasingly dubious that "this is it." I feel that the System still has the capacity for a few more whirls on the merry-go-round.

Credit is starting to loosen. The stock markets are stabilizing. Oil and other commodity prices are far lower. The drop in housing sales (if not prices) appears to have bottomed. The dollar has strengthened.

Right now the world is drowning in energy surpluses. This is a huge plus for the System that we of all people should not overlook.

We may end up having no more than a mild and brief recession. I don't see a boom ahead either, though. After recovery sets in, sort of steady-as-you-go for a while.

[Twilight]

$this->bbcode_second_pass_quote('Heineken', 'T')he dollar has strengthened.

[jupiters_release]

$this->bbcode_second_pass_quote('Heineken', '
')Credit is starting to loosen. The stock markets are stabilizing. Oil and other commodity prices are far lower. The drop in housing sales (if not prices) appears to have bottomed. The dollar has strengthened.

Right now the world is drowning in energy surpluses. This is a huge plus for the System that we of all people should not overlook.

We may end up having no more than a mild and brief recession. I don't see a boom ahead either, though. After recovery sets in, sort of steady-as-you-go for a while.

[Arsenal]

$this->bbcode_second_pass_quote('jupiters_release', '
')How did John Denver hack into Heineken's account?