Great Depression again?

[trip]

Re: Great Depression again?

China!?? Nobody can destroy us in a day. Did you say China?! Let me clean my glasses and check for cataracts... We crippled China in a day by lifting an eyebrow, (refer to lead paint toy issue). We would have already been "destroyed" if those communists could do that. Dude, do you know the state of China? It isn't even close to western standards. China is way behind brotha. You could have premium hillside estate over there bro...wait a minute...no you can't either. I forgot...you'll get what they give you. Everything is government controlled. They are a communist nation, and things aren't going so well and never have. China???

Look, I know our economy has issues. I never said it doesn't. But we are the strongest economy in the world, and only getting stronger. And not at a steady incline but pulling farther and farther away from the rest.

yup, china is still communist, in 74 nixon opened relations, china needs too creat ten fiteen million jobs a year just too keep from people going into general unrest, thus when nixon stopped by they opened there doors and took any bizness anyone would give them, we've been building biz over there for over 30 years now, after 20 years these folks finally got the processes and procedures in place on how to compete in the market place and they have major advantages, a dire need for jobs and no rules except get the jobs

imho it's exactly the opposite, we've been there biggest champion, without our orders there growth drops off a cliff, and that is one of the huge problems in closed societys, the ability too change, in usa we are in constant flux, ie, change, things live and die and we do not look back for the most part, most other societys do not have this advantage

[pigmeat]

Re: Great Depression again?

we are far from a depression,lol...drive down the highway and look at all these people driving 50k dollar diesel pickuptrucks, pulling 40' travel trailers, or a trailer with 5-6 atv on thetrailer , or a $50,000 boat with all the goodies....try and book a vacation at disney...the rooms are always packed...a depression...that is funny.....

[bowbow]

Re: Great Depression again?

alfalfa is its highest in history the last few years..as long as the farmers arent being effected by drought, they are making record profits out here

I was talking about grains. Alfalfa is a forage crop.
Obviously livestock farmers that grow there own feed are doing ok but the ones that need to buy there feed are in trouble.

[horsepwr]

Re: Great Depression again?

China!?? Nobody can destroy us in a day. Did you say China?! Let me clean my glasses and check for cataracts... We crippled China in a day by lifting an eyebrow, (refer to lead paint toy issue). We would have already been "destroyed" if those communists could do that. Dude, do you know the state of China? It isn't even close to western standards. China is way behind brotha. You could have premium hillside estate over there bro...wait a minute...no you can't either. I forgot...you'll get what they give you. Everything is government controlled. They are a communist nation, and things aren't going so well and never have. China???

Look, I know our economy has issues. I never said it doesn't. But we are the strongest economy in the world, and only getting stronger. And not at a steady incline but pulling farther and farther away from the rest.

[solidground]

Re: Great Depression again?

horsepwr..what about how our fed just creates credit and money out of thin air? How is that not an issue..How is national debt not an issue? China can destroy us in a day if they wanted, yet our economy is ok??

[pigmeat]

Re: Great Depression again?

Grain farming is doing great right now mainly because the american dollar isn't worth a dam so other countries see our grain as cheap so yes there have been a large number of exports in grains.

Now livestock is far from doing great, Beef and hog slaughter numbers are up simply because livestock farmers can't afford to feed them high dollar grains.

You need to take a look at the debt this country is in. That will tell you we are not in good shape by any means.

alfalfa is its highest in history the last few years..as long as the farmers arent being effected by drought, they are making record profits out here

[FUZO]

Re: Great Depression again?

MY HEAD HURTS NOW

[horsepwr]

Re: Great Depression again?

once again trip is right on point. And that's the only, and I emphasize only, real economic issue. And just as you stated trip, this is an excellent time for the masses with capital or means of capital. fun fact; this whole lending mess that caused the housing market to slump was caused by liberal mindset.

[trip]

Re: Great Depression again?

where's the money going now

here in dallas my brother is selling a dozen foreclosed homes for a bank, they all had a 90k mortagage on them, they are selling in the 30-40k range, they all need 10-15k worth of work, so someone with cash and good credit on hand today will profit handsomely 7-10 years from now

supply and demand, it will take a few more years to work off the real estate inventory and for demand to get back in balance to supply

[trip]

Re: Great Depression again?

great depression, why did they call it that?????

25% unemployment for a decade, ten years

right now over the last 20 years we've added 3 billion capitalists to the world economy

that trend will no revert itself

we do have some serious problems in the credit markets, derivative markets, etc., which is not good

imho, money does not disapear it get's transferred

the big boys on wall street sucked money out of the uninformed during the dot com bubble, they had so much money they turned around and lent it back to them for sub-prime mortagages and now they are giving it back, ie, losing it

the ones who have not lost it are just leveraging it up and buying commodities, as a percentage ot total assets commodities are actually a small piece so x amount of money that controls it can actually have a great influence on the future price

life goes on better than yesterday along with challenges

we do have some big ones on hand

and we shall see what happens, hopefully some good stuff

[solidground]

Re: Great Depression again?

Ron Paul to Bernanke (federal reserve)

http://www.prisonplanet.com/articles/february2008/022708_deliberately_destroying.htm

[solidground]

Re: Great Depression again?

^ so you dont think that were in a recession? We are well into a recession, low unemployment rates don't always correlate with a thriving economy.

[horsepwr]

Re: Great Depression again?

and thanks for affirmation on the farming industry bowbow. The point is, during the great depression, nothing was doing great. Virtually every aspect of the economy fell around the whole world. So depression?..far from. Not even recession!

[horsepwr]

Re: Great Depression again?

The country has had debt all of my life and I'm sure it will be in debt for the rest of my life. Just because the country is in debt doesn't mean that times aren't good. Don't forget that America is still the strongest economy and richest country in the world. by a landslide.

[bowbow]

Re: Great Depression again?

Are you fukin kiddin me? The great depression!? haha wtf are you talking about? The stock market has set new all time highs. Unemployment is at an all time low, steadily decreasing (4.9% as of Jan 2008). Interest rates are low and steadily getting better. People are donating record amounts of money! Farming, crop, and livestock are doing great...

you need to be a financial analyst..palease.. Where did you and your grandmother come to this conclusion?, while you were standing in line on the street waiting on a free hot plate while trying to keep warm by the fire in a steel drum? or sitting in a nice climate controlled home? The homeless don't even have to do that these days. A study was done, and bums average between $16-$20 an hour in a metro area. That's a bum's wage. and they could get a job if they really wanted one. the great depression....phshht...

Grain farming is doing great right now mainly because the american dollar isn't worth a dam so other countries see our grain as cheap so yes there have been a large number of exports in grains.

Now livestock is far from doing great, Beef and hog slaughter numbers are up simply because livestock farmers can't afford to feed them high dollar grains.

You need to take a look at the debt this country is in. That will tell you we are not in good shape by any means.