Another even Greater Depression

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Another even Greater Depression

Mar 26, 2020 | 22:05 1 Been reading lots of posts here about the government spending in Canada and US to help prop up the economy. Personally I do not think anything can be done to prevent an absolute collapse of the global economy. I think this collapse is going to make the Great Depression look like a minor economic speed bump. When the money runs out and the stores get empty look out! I hate to say it but there will be far more deaths from the economic fallout and violence than this virus will cause. Hopelessness and hunger will turn an honest man into a criminal. Reply With Quote

  • Mar 27, 2020 | 06:02 2 Just what socialist s wanted to happen! Reply With Quote

  • ajl
    Mar 27, 2020 | 06:46 3 I agree with you in that is where this is going except one area: store shelves will be full with no buyers in sight. Once the hoarding stops the shelves fill up but with no income the buyers don't show up. This is why government has printed money and reduced interest rates the past decade: to prop up demand which keeps people working and tax revenue coming in. Both of those just stopped. Since there is so much debt around people can get started on the inevitable deleveraging now which will cause demand to come back slowly.
    Last edited by ajl; Mar 27, 2020 at 06:50.
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  • Mar 27, 2020 | 06:50 4 Manitoba is already pleading with Ottawa for an emergency line of credit. They are basically admitting to bankruptcy at this point. Why not go out and get the money in the capital markets instead? I imagine they tried it and could not find a private investor willing to lend or else at a very high rate of interest.

    There is also talk of the Bank of Canada directly buying provincial government debt. As far as I am concerned, if your creditor is the central bank, you are insolvent.

    As a result of the shuttering of thousands of retail businesses, provincial tax revenue collections must be falling off a cliff. Reply With Quote
    SASKFARMER's Avatar Mar 27, 2020 | 07:04 5 I think the bigger problem is this was created in China and the politically correct can hide and cry but a fact is a fact it started in China. They don't care if they kill their own. Its communists. But they do love buying North American and world companies at pennies on the dollar or cheap farms or railways etc. When the shit hits the fan they will own us all. Reply With Quote

  • Mar 27, 2020 | 07:18 6 Name:  86893294-bitter-pill-to-swallow-concept-as-a-capsule-medication-with-a-note-as-a-medicine-symbol.jpg
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    It's no longer a single small dose that is needed....

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    The whole prescription taken at one time is required.

    If the required medicine would have been taken early, recovery may not have been as painful
    Now the patient is on life support.

    Ironically they're treating the patient with the same medicine that got it to where it is today in the first place.

    They're treating the meth addict with more meth.....good luck. What was the option.... almost unprecedented circumstances.

    Covid-19 will be the straw that broke the camel's back. Economically, I don't think this is going to end well. Reply With Quote
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  • Mar 27, 2020 | 07:23 7 My dad, always told me the story about his grandad, who always said "someday everyone will be known by a number and the yellow man will rule the world." Take it for what it's worth.

    Shelves will be emptied even if there is no income to buy, people will just take what they want, you see how people act over toilet paper, imagine if that was bread. Reply With Quote
    Mar 27, 2020 | 07:54 8 This is the same stuff you guys were saying in 2008! The U.S. will never recover! A third world country! They're doomed! Is this worse? Yes, it has the potential to be a lot worse. However, there is always recovery. Take a break from the negativity and go outside. Then come back in and start looking for opportunities. This is a once in a lifetime event, until next time. Reply With Quote
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  • Mar 27, 2020 | 08:22 9
    Quote Originally Posted by Birddog View Post
    ........Then come back in and start looking for opportunities. This is a once in a lifetime event, until next time.
    I guess that depends on how much "time" you have. Reply With Quote
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  • Mar 27, 2020 | 08:45 10
    Quote Originally Posted by farmaholic View Post
    I guess that depends on how much "time" you have.
    Its a great depression on the scale that people are much less independent that they were in the 30s. So much of the population was rural and even if your land was a dustbowl you could eke out survival.

    Anyone 55-60 or so who loses a job right now is going to be fd in retirement. Reply With Quote
    Mar 27, 2020 | 12:04 11 The cabal of one percenters will never allow the kind of economic breakdown doom and gloomers are predicting. Very simply, it threatens their survival. Food shortages especially won't materialize in the first world. Empty bellies cause riots. Ain't gonna happen. Reply With Quote
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  • Mar 27, 2020 | 13:08 12
    Quote Originally Posted by Braveheart View Post
    The cabal of one percenters will never allow the kind of economic breakdown doom and gloomers are predicting. Very simply, it threatens their survival. Food shortages especially won't materialize in the first world. Empty bellies cause riots. Ain't gonna happen.
    Bet we see it in developing countries though. That would be enough to get WW3 going. And in developed countries, all it takes is for food to be too expensive for the poorest. They will snap pretty quick. Reply With Quote
    Mar 27, 2020 | 13:33 13 I was climbing bins yesterday ,checking them all, all alone , and thinking ......
    on top of highest bin on the farm , looking out all four directions, at next to nothing , and thinking how lucky we are to be living where we are , and doing what we are doing !
    could easily survive here with next to nothing , and wide open spaces have never looked better Reply With Quote

  • Mar 27, 2020 | 14:12 14 Interesting you should mention the Cabal Braveheart. If I’m not mistaken they are the ones that want a one world government, digital currency and depopulation. This whole situation is gonna play right into their hands. Makes a guy wonder if these characters are behind this whole thing. Reply With Quote
    Mar 27, 2020 | 14:16 15 Case, we had a bachelor neighbour who climbed to the top of his bin, and yep the ladder fell down. He sat up there for a day or so until some one noticed him up there. It’s is pretty desolate between Sedley and Milestone. Reply With Quote
    Mar 27, 2020 | 14:21 16 Keep in mind that the mistakes and causes of the great depression have been studied as nauseam for the past 90 years, and the supposed experts think they know how to prevent it next time, namely flooding the market with liquidity. And it is difficult to argue that it has been working, at least until now. If it is a sustainable long term solution is definitely debatable, but its effectiveness is not. Reply With Quote
    Mar 27, 2020 | 14:23 17
    Quote Originally Posted by sumdumguy View Post
    Case, we had a bachelor neighbour who climbed to the top of his bin, and yep the ladder fell down. He sat up there for a day or so until some one noticed him up there. It’s is pretty desolate between Sedley and Milestone.
    My family never seems to notice I am missing until a jar needs opened, or knives sharpened, so I have been installing temperature cables, since I've been trapped by the wind blowing the ladder down too many times, have had to come down without a ladder more than once too.. Reply With Quote
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  • Mar 27, 2020 | 14:36 18 We have cables in all bins and air ducts hoppers all have ladders
    Just like to look in them once in the spring and make sure my math has been right
    Do have 4 bins without ladders so take a tarp strap with me to hook to roof ladder, and a fully charged phone
    That predicament is not unknown to me , lol
    Last edited by caseih; Mar 27, 2020 at 14:39.
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  • Mar 27, 2020 | 17:15 19 Ya been there as well , felt like a pigeon for a few hrs.
    Agree on the quiet thing. Its almost eerie . But no other place I would want to be , can still snowmobile here about the only thing I hear once in a while besides the dogs howling at coyotes morning and evening. Reply With Quote
    Mar 27, 2020 | 17:20 20
    Quote Originally Posted by cuban_assassin View Post
    Interesting you should mention the Cabal Braveheart. If I’m not mistaken they are the ones that want a one world government, digital currency and depopulation. This whole situation is gonna play right into their hands. Makes a guy wonder if these characters are behind this whole thing.
    One thing for sure , the Cabal will take full advantage of the current situation. Reply With Quote
    Mar 27, 2020 | 19:43 21
    Quote Originally Posted by cuban_assassin View Post
    Interesting you should mention the Cabal Braveheart. If I’m not mistaken they are the ones that want a one world government, digital currency and depopulation. This whole situation is gonna play right into their hands. Makes a guy wonder if these characters are behind this whole thing.
    It has been suggested - it's time for a one-world government, just temporary, of course...

    https://www.breitbart.com/politics/2...e-coronavirus/ Reply With Quote
    Mar 27, 2020 | 20:59 22 All i know is that there was no future in the direction that canada was travelling
    Might be a good reset ? Real problems and real shit to worry about instead of the shit that was happenin ?
    Wacked out politicians , movie stars , etc telling us how to live ?
    All of a sudden its; “where the fu ck did all the toilet paper and food go ???
    Holy fu ck , “i need gas and oil and even those low life farmers , truckers , ranchers, etc”
    Last edited by caseih; Mar 27, 2020 at 21:11.
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  • Mar 27, 2020 | 21:10 23
    Quote Originally Posted by caseih View Post
    All i know is that there was no future in the direction that canada was travelling
    Might be a good reset ? Real problems and real shit to worry about instead of the shit that was happenin ?
    My parents made a strange comment. They said anyone who cant weather a couple month slow down shut down was probably teetering anyway, this just pushed them over the edge. Sort of the same with individuals, if you haven't socked away some emerg cash or have equity to tap, you were probably living on borrowed time anyway.

    Kind of a harsh statement but has an element of truth as well. Reply With Quote
    Mar 27, 2020 | 21:48 24
    Some of you have been predicting this for a long time.
    And some of you instantly blame socialists.
    What socialists? You have had liberal and conservative govt.s
    And the states were Regan ,Bush ,Bush Clinton, not socialists.
    Some bitch everything is made in China now, the same folks that cheered
    Free Capitalism, the left were the only ones against it. and I am not saying they were completely right ,
    But You can not blame them.
    If you implicitly trust the top 1/2 of 1 percent to do what is best for you ,
    This is what you get.
    They own 50% of the worlds weath now .
    With Trumps covid bailout , they will be close to 60% soon
    Point your fingers the other way. Reply With Quote
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  • Mar 27, 2020 | 23:04 25 that is the problem with bail out the rich will get richer and the poor become slaves to that society. We do need some kind of a reset and let some companies fall the crap of buying companies for billions and wanting a bailout when it goes wrong . Give me a break! Same goes for some of those bto farmers that don't give young farmers a chance to buy or rent any farmland. But at the same time I have no idea how to fix all the problems of today . This problem was not made with corvid 19 but it sure brought it on faster. Reply With Quote
    Mar 28, 2020 | 06:34 26
    Quote Originally Posted by sawfly1 View Post
    Some of you have been predicting this for a long time.
    And some of you instantly blame socialists.
    What socialists? You have had liberal and conservative govt.s
    And the states were Regan ,Bush ,Bush Clinton, not socialists.
    Some bitch everything is made in China now, the same folks that cheered
    Free Capitalism, the left were the only ones against it. and I am not saying they were completely right ,
    But You can not blame them.
    If you implicitly trust the top 1/2 of 1 percent to do what is best for you ,
    This is what you get.
    They own 50% of the worlds weath now .
    With Trumps covid bailout , they will be close to 60% soon
    Point your fingers the other way.
    There isnt an example of capitalism left, capitalism does not have govt picking winners and giving them the cover of the taxpayer and printing press. This govt/business or govt/banking cozy system is similar to fascism with a dose of socialism, promoted as capitalism by benefactors. Reply With Quote

  • Mar 28, 2020 | 07:25 27
    Quote Originally Posted by Flatlander View Post
    There isnt an example of capitalism left, capitalism does not have govt picking winners and giving them the cover of the taxpayer and printing press. This govt/business or govt/banking cozy system is similar to fascism with a dose of socialism, promoted as capitalism by benefactors.
    Agree Flatlander . . . American capitalism died a long time ago . . . this is now American corporatism. Reply With Quote
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  • Mar 28, 2020 | 08:29 28 Errol

    You have been betting on this washout for over a decade....

    You have to have some serious cash on this downturn? Reply With Quote