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PeakOil is You

PeakOil is You

Welcome To The Depression!

Discussions about the economic and financial ramifications of PEAK OIL

Re: Welcome To The Depression!

Unread postby Revi » Tue 24 Feb 2009, 11:10:01

The collapse has no bottom in sight. Now who benefits when nobody is making money? Those who manage to hang on to some of it, I guess. They will be the buyers when everyone else is pulverized into desperate poverty.

I can't see this depression getting any better any time soon, so I just plan on living really simply until it subsides. That could be in 10 years, when I'm ready to "retire".

Or I could be "retiring" earlier, if I lose my job.

Any way you slice it we are in a deep dark depression for at least 10 more years.

The only hope is the green economy.
Deep in the mud and slime of things, even there, something sings.
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Re: Welcome To The Depression!

Unread postby Aaron » Wed 25 Feb 2009, 11:19:28

$this->bbcode_second_pass_quote('', 'P')ANAMA CITY -- A Chipley couple trying to cash a $50 check ended up blocking a bank drive-through lane for more than hour until Panama City police responded.

The incident began Tuesday afternoon at Tyndall Federal Credit Union. Gary and Karen Downing said they were trying to cash a $50 check written to them by a friend and drawn on the friend's account at Tyndall FCU when the teller took the check and refused to cash it or return it. The Downings say they recently lost a judgment to the bank for $27,000. The loans were taken out before Karen Downing got sick and had to quit her job, she said.

The couple had planned to use the money from the check to buy food, Karen Downing said.


http://www.newsherald.com/news/check_72110___article.html/tyndall_couple.html
The problem is, of course, that not only is economics bankrupt, but it has always been nothing more than politics in disguise... economics is a form of brain damage.

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Re: Welcome To The Depression!

Unread postby vision-master » Wed 25 Feb 2009, 11:28:43

[quote"It is possible that if a member owes us money, that we would collect it from them," Krolick said, adding that officials work "very closely" with members who have delinquent loans.

][/quote]

How nice. :lol:
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Re: Welcome To The Depression!

Unread postby lowem » Thu 26 Feb 2009, 06:59:17

$this->bbcode_second_pass_quote('GASMON', 'L')arge photo - have a look

http://www.railpictures.net/viewphoto.p ... 260&nseq=1

More than a mile of Union Pacific locomotives sidelined at West Colton are just one of the many signals of our current economy

Quite a few million $ worth of modern equipment - standing idle, sign of the times


This is solid.

We could start a thread, call it "The Economic Collapse in Pictures", or something like that.
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