WAKE UP! We are FAR from the great depression!

[pacelli]

We are nowhere in the vacinity of the Great Depression right now and out of respect for the real depression and those who lived through it, we have no right to act like we are currently facing anything close to The Great Depression. It is delusional, and exposes a sick underlying desire for something catastrophic!

Speak for yourself. Believe it or not, some of us are in serious financial hardships on an individual level. You believe the government's numbers because it creates a psychological distance between yourself & those included within those numbers. I happen to be one of the people included in those numbers and I am not delusional nor do I wish for my personal catastrophe to continue.

 

[HenryKnoxFineBooks]

Unemployment on Oct 28-29 1929, was at approx. 4-5%. Comparing the peak of unemployment of 1933, with today's is intellectually dishonest.

 

[torchbearer]

tell the people in iceland that shit.

 

[eric_cartman]

if we calculated unemployment the same way that we calculated it back in the 1930's, unemployment today would be closer to 14%, rather than 6.5%.

and this can't be as bad as the great depression, because the government tells us that we're not even in a recession! isn't the government wonderful!

 

[icon124]

Anybody else notice the similarity of this thread to the one linked below?

http://www.ronpaulforums.com/showthread.php?t=163545

I'm glad you would compare me to someone as smart as the person who created this thread!

To the man in charge of this topic, they won't/can't process REAL INFORMATION AND LOGICAL THOUGHT.

Just let them live in their doom and gloom world. I'm not saying things are right around here, or supporting the Fed in any way (It needs to be abolished to stop booms and busts), but I am saying people are taking this a little to far.

Hey look on the bright side...let them continue to purchase guns and non perishable food for the fight against the NWO...at least someone is making money off of them.

 

[Truth Warrior]

 

[entropy]

I had the same message about a month ago as the OP. I am now going to officially change my tune. We are in for a Great Depression. The "official" government #'s are BS. We are now in the clutches of a deflationary spiral.......consumers pulling back(70% of the economy). When they pull back businesses lay off due to reduced demand for goods and services. This creates even less demand from the newly unemployed, thus initiating new rounds of belt tightening at businesses and so on and so forth. True unemployment numbers are over 10% right now and they are going up from here. I personally think we will see 15% unemployment by the end of next year.



Good luck all, we are going to need it.

 

[heavenlyboy34]

Bernanke: Federal Reserve caused Great Depression
Fed chief says, 'We did it. …very sorry, won't do it again'
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=59405

Nice of them to apologize. I guess that makes it all better.

 

[muh_roads]

If your friend loses his job and can't find work elsewhere, it is a recession.

If YOU lose your job and can't find new work elsewhere, it is a depression.


Any way you slice it, this is how things have been for many people for quite a few years now.

 

[Truth Warrior]

Nice of them to apologize. I guess that makes it all better.

That alone is more than enough reason and justification to abolish that monstrosity.<IMHO> ( 95 years and counting.)

 

[theoakman]

Considering our long-term interests as an entire population of individuals is key.
We certainly do need to channel our efforts in concert with the natural principles of the free market.
That will work to prevent another crisis with such magnitude as that which caused the Great Depression, of course. BUT...

I am SICK of everyone acting like we are ALREADY in another Great Depression!
We are FAR from the Great Depression, people, wake up!




Unemployment
was at 25% during the Great Depression.
Now, it is at 6%.

(Unemployment was more than 4 times worse!)



Loan foreclosures
were at 44% during the Great Depression.
Now, they are at 2.75%.

(Foreclosures were 16 times worse!)



Bank Failures
were at 40% during the Great Depression.
Now, they are at 0.2%.

(Bank failures were 200 times worse!)



Acknowledging the fact that we are far from the Great Depression is an expression of respect for what people did actually live through.
We owe it to the people who lived through the real Great Depression. THIS, what we are living through right now, is NOT it, is FAR from it.

Relax. Have goals and live for a cause. But don't forget to live.

easily the most ignorant post I've read on these forums to date. Unemployment numbers are cooked. As for bank failures, newsflash, the big banks there were going to fail or did fail controlled well over 60% of America's money. They already eclipsed the great depression in bank failures.