Great Depression of 2016

[frenchblackcopper]

hemet dennis.
Quote:
Originally Posted by hemet dennis


The auto bailouts cost the taxpayers, the taxpayers made money on the bank bailouts.

Explain to me how I made money from the bank bailouts please? I was not someone foolish that bought a home,knowing full well in 5 years the payments and interest payments was going to explode beyond my ability to pay them back. Banks convincing families that has income levels of $30-45k per year that they can afford homes valued at $250k plus is what started this,and by changing the requirements to borrow,oftentimes giving people with average or below par credit scores a chance to "buy in" to a overpriced,unaffordable home. My interest rate didn't drop when the banks were bailed out. You seem to want to pick every statement apart. And yes I DO CARE about stupid wasteful spending,including the mother in-law free loafing on our money,along with the extra security she requires along with everything else she's enjoying at all our expense.I didn't vote her in office,did you? I don't recall any other presidents mom or father living in the white house with them,perhaps you can enlighten me tho?
Yes when I'm employed in my Union,I have Blue Cross and Blue Shield full coverage insurance,and I'm pretty sure no taxpayers pays my premums for this insurance,and I sure don't want Obama telling me I need to pay into his health insurance plan. People can't afford health insurance now in many situations,so how is forced premiums or huge deductables going to solve the issue?
Rufus,I believe your correct in no auto's will not be made here much longer.We cannot compete against cheeper labor.Although I am a Union member,I do not agree with all the by-laws any unions has.Many good things has came out of organized labor,mainly safety issues and equal pay for equal work,male or female. I've innershield welded next to women that can plasma cut 1" steel all day long,and not cost one consumable.I've also operated shipping loaders on 10 hour shifts with a women in an exact machine as I'm operating,finding at the end of the day maybe only 2-300 tons diffrence was loaded between us.
Rufus,another interesting tid-bit about China,,about 7 years ago when I was working in a concrete recycle yard,our facility didn't have much crushed concrete to sell at all.But we crushed all winter for one purpose,,,,,,,and that was to extraxt the steel re-bar from the concrete to sell as scrap. Seems China owns a lot of those "C" conrainers we see going down the road here and stacked 15 deep on transport ships,,because so much was coming from China to here,the "C" containers had no freight,or reason to go back to China."Viola",,the chineese decided to buy scrap steel,and have the "C" containers filled with that. Scrap prices went from $160 a ton,to over $450 a ton because of this.We didn't care about not having the crushed stone sold,we were making more on the scrap steel. Now on John Deere combines I see "CHINA" stamped on many cast parts.Even farm equipment companies are farming out work to China.
The bread and soup lines are coming.Will our paper money be worth having at that time? I'm sure gold and silver will work,Suzy Orman says we need 8 months of cash in case of such an event. But I think it will be more like years once this starts before we see daylite again.The winnebago down by the creek may start looking like a reality real soon,instead of the mansion on the hill.

 

[EweSheep]

As you all know, in our dear city of Decatur, is facing the hardest times of unemployment, and CAT and ADM is moving its headquarters elsewhere. CAT is going to lay off more workers. Many times I've seen CAT grounds, fewer and fewer mining earthmoving equipments sitting out there. My husband worked hard for one company, that is contracted by CAT, got laid off (G&D Integrated) and they sent him to CAT plant to teach those workers the "bowl" assembly. He refused to reveal the secrets because they can hire him without much more training than training new people. Then after three weeks, he was laid off. He is now unemployed for a year and still out looking for jobs, even went out of state to IN, WI, OH, WV, GA, TN and KY putting in applications and nada......he simply has too much experience! Frustrates him to no end. He is practically stuck here.

I am on SSD. I am afraid what is going to happen to people like us that are unable to work or employers are NOT willing to hire an handicapped person.....too many of us out there with disabilities that is not our fault. I've worked most of my life, paid my taxes and wham! No employers want to hire me anymore because it would take two more people to do phone jobs and it would cost too much for TTD or our policyholders getting frustrated with me going via thru Relay (I am hard of hearing and got a five year college education and a degree). Then I had numberous problems with fibro, migraines and scatic nerve damage from delivery. Frustrating, yes it is but I must continue. I have a pension in the last work place and I won't get it until I am 67? to get the full pension. I hope my pension will be there when I turn 65 or 67 whichever I can collect and my SSD would be less.

My daughter goes to private school........the public schools here are really dire and more kids are heading into private or home schooling by parents and relatives. I can not say they are "dumbing down" public education but the board of education should be aware of the problems existing in this town.

Yeah, we got the highest unemployment in the state and climbing. Even it is quoted around 12 percent but I am sure it is much higher, since many of the unemployed folks simply ran out, not able to find jobs.......so many homes around here for sale or under foreclosure.

I am grateful for the unemployment/SSD but we can make it on my SSD alone if it needs to be. Being in the city limits you what you can grow, problem wise are the stuff in the air created from foundries, ADM, Staley's and grain elevators choking our plants and we are lucky to have chickens and now, rabbits to feed us meat. I must buy all kinds of canned goods in the rawest form, such as tomato sauce, paste, veggies, pastas, eggs, rice and beans with very limited processing foods such as peanut butter in BIG jars. Jelly is another thing we will look at. I am looking forward in planting some dwarf ? apple and pear trees out back since our silver maple was hit by a tornado in May of this year. Now if I can find a way to kill off those awful mulberry bushes around my chain link fence, it would be good!

Food pantries are everywhere now but only so limited in foods. We are not qualified in food stamps, or insurance (hubby had to go without insurance and refused to take part of Obama care). What gets me how the government qualify help before taxes and not the take home pay to figure out our part in paying for insurance for hubby. We already paid in our daughter's All Kids Care of 40 a month plus her private school of $419, not including gas driving to and from school. Our daughter takes her sack lunch and eat any deer meat I processed from a friend who hunt them.

All in all, I am trying to be optimist, even my father told me that the Great Depression was a bit different than today's recession or the next depression.......it was the stock market failure and bank failure that created chaos, creating the ripple effect and no one was prepared for it. It was WWII that brought USA back and all those men who didn't make it back created openings for the new generation.

We really can not be the only "super power" of this Earth......we wasted enough money but Congress don't see it that way. They are doing a good job of controlling and putting fear in us but if we get smarter, we will get ahead. What happens if everyone just barter, trade or really frugally spending only what they need, those prices of those necessities will climb even higher for flour, sugar, water, meat and vegetables during the "off" seasons.

 

[EweSheep]

If and when, heaven forbids, if we are to lose our homes, camping out in RVs and tents would be the norm. The banks are not going to care about your house.

Poor credit ratings are going to be the norm for many people trying to survive. I don't care to have "good credit" anymore because I will do everything to pay off an used car as quickly as I can. I know the banks need to survive on the interests but the shorter the interests, the more peeved they are and my credit is shot. Why should I be in the mercy of the bank's interests when I am good as my word that I want to pay off my loan items off as quickly as I can?!

 

[hemet dennis]

hemet dennis.
Quote:
Originally Posted by hemet dennis


The auto bailouts cost the taxpayers, the taxpayers made money on the bank bailouts.

Explain to me how I made money from the bank bailouts please? I was not someone foolish that bought a home,knowing full well in 5 years the payments and interest payments was going to explode beyond my ability to pay them back. Banks convincing families that has income levels of $30-45k per year that they can afford homes valued at $250k plus is what started this,and by changing the requirements to borrow,oftentimes giving people with average or below par credit scores a chance to "buy in" to a overpriced,unaffordable home. My interest rate didn't drop when the banks were bailed out. You seem to want to pick every statement apart. And yes I DO CARE about stupid wasteful spending,including the mother in-law free loafing on our money,along with the extra security she requires along with everything else she's enjoying at all our expense.I didn't vote her in office,did you? I don't recall any other presidents mom or father living in the white house with them,perhaps you can enlighten me tho?
Yes when I'm employed in my Union,I have Blue Cross and Blue Shield full coverage insurance,and I'm pretty sure no taxpayers pays my premums for this insurance,and I sure don't want Obama telling me I need to pay into his health insurance plan. People can't afford health insurance now in many situations,so how is forced premiums or huge deductables going to solve the issue?
Rufus,I believe your correct in no auto's will not be made here much longer.We cannot compete against cheeper labor.Although I am a Union member,I do not agree with all the by-laws any unions has.Many good things has came out of organized labor,mainly safety issues and equal pay for equal work,male or female. I've innershield welded next to women that can plasma cut 1" steel all day long,and not cost one consumable.I've also operated shipping loaders on 10 hour shifts with a women in an exact machine as I'm operating,finding at the end of the day maybe only 2-300 tons diffrence was loaded between us.
Rufus,another interesting tid-bit about China,,about 7 years ago when I was working in a concrete recycle yard,our facility didn't have much crushed concrete to sell at all.But we crushed all winter for one purpose,,,,,,,and that was to extraxt the steel re-bar from the concrete to sell as scrap. Seems China owns a lot of those "C" conrainers we see going down the road here and stacked 15 deep on transport ships,,because so much was coming from China to here,the "C" containers had no freight,or reason to go back to China."Viola",,the chineese decided to buy scrap steel,and have the "C" containers filled with that. Scrap prices went from $160 a ton,to over $450 a ton because of this.We didn't care about not having the crushed stone sold,we were making more on the scrap steel. Now on John Deere combines I see "CHINA" stamped on many cast parts.Even farm equipment companies are farming out work to China.
The bread and soup lines are coming.Will our paper money be worth having at that time? I'm sure gold and silver will work,Suzy Orman says we need 8 months of cash in case of such an event. But I think it will be more like years once this starts before we see daylite again.The winnebago down by the creek may start looking like a reality real soon,instead of the mansion on the hill.

"The auto bailouts cost the taxpayers, the taxpayers made money on the bank bailouts."
If you don't know what I meant by that statement, then I don't know what to tell you.

I didn't say anything about the mother in law thing because I don't know if it's true. But I will say that if that is in the top 1,000 things you should worry about then you have fallen for the trap. Watch the shiny object over here and don't worry about the big things,we know what's best for you.

Unions have done a lot of good but you have to admit that the bigger they got the more they went overboard. Just like the EPA they did a good job cleaning up water and the air, but now they just write regulations because they feel they need to write so many every year. And good luck with that union healthcare with the ACA now. The ACA is already killed the 40 hour work week.

 

[rufus]

And now there is this: http://www.infowars.com/chase-bank-limits-cash-withdrawals-bans-international-wire-transfers/

Perhaps now is the time to buy a big safe and keep a good eye on it. Between FBAR and FATCA your money is going nowhere but to the US government. Foreign banks will refuse to take deposits from US citizens because the reporting requirements are too onerous. Legally, I don't think the US government can seize bank account balances, but remember they do it under the RICO statutes. So, I guess they can extend that to just about anything.

I read about a case in Texas where the police stopped a lady and searched her car. She had just sold some property in South Texas, and she took payment in cash. The cops confiscated the money. She sued and won the case. The currency was new currency wrapped in Federal Reserve bindings. She could prove where it came from. By the time she won the case, there was only $29,000 left. The RICO statute is legalized robbery.

A lot of people here have a year's supply of food and things like toilet property set aside. Some religions tell their members to prepare for the worse. But do you realize that if you have more than seven days of groceries in your home, you can be declared a terrorist? When times get hard and the government gets hungry, I can just imagine them going down the membership list of the churches confiscating food stuffs.

 

[Baymule]

toilet property

toilet property? Would that be acres of outhouses?

 

[EweSheep]

Seven days of groceries declare you a terrorist? Hogwash!

 

[cassie]

Seven days of groceries declare you a terrorist? Hogwash!

X3

 

[rufus]

toilet property? Would that be acres of outhouses?

Mea culpa. Sometimes this thing self corrects and then sometimes it changes things. Typing in any other language other than English is a pain. I have to copy read real close, especially on the Spanish language thread.

 

[frenchblackcopper]

Ewe Sheep,,I live about a 2 hrs drive northeast of Decatur,,was there a few years ago for the Farm Progress show and I'm very familiar with ADM and Cat being there.I heard on the news a few weeks ago ADM was wanting a 20 million $ tax cut if they relocated their main office in Chicago.Guess that didn't go over so well but hey,as big as they are they can shop around.
Many years ago if you bought a new piece of equipment or farm machinery you were allowed a tax investment credit which was taken away.There is no legal-tax benefit for leasing anything,from a car to a bulldozer.Any financial advisor will tell you this,so the only option is to buy new or used.I did hear tho that John Deere had the highest earnings ever in the last quarter,highest since they have been in business.But come a few months when corn prices are at $3.00,,noone will be able to buy new John Deere either,and those that bought new will wish they hadn't of farm equipment wise.Same with people buying farmland for $10,000 per acre and higher the past 2 years.We are due for a "correction" just as land prices went thru the roof in the mid'70's,and many that bought at those prices wound up losing it a few years later when there was a "correction" and prices came down to affordable.
So when this country does finally fess up,and go belly up,how will the FDIC insure all the money we have in banks and savings? Another point comes to mind,We are always hearing about how Social Security is going to run out of money.How come we never hear about Welfare running out of money? What's interesting, the first group "worked for" their money... the second didn't.
Rufus,,we elect them to make laws while in office,and we can easily see the boredom they must be under for some of the craziest laws ever.We plan on buying a chest type freezer this spring and hopefully have it full of meat and garden veggies.I heard today the NSA has been reading everyones e-mail,going thru instant messages sent and recieved,address books,ect for years now,so if they think I'm a terrorist by stocking up my freezer,bring them on. They probably know what my preferred brand of tp is too.I'm sure since I don't have a FB-Twitter account,they probably have accessed my website e-mail,and know all my contacts here and in Germany.
I watch the two shows I think on Discovery and the History channel,,Mountainmen and the Alaska Frontier(I think thats their names) People tough it out,growing food and gathering supplies in 4 months time,to last them thru 8 months of winter.Everyone should watch both series,every episode to get an idea of what life was like here in the USA during the Great depression.If you lived on a farm,you had the oppurtunity to grow your own vegetables and meat.Ewe Sheep,living in town has several advantages,but for me and my wife,living 4 miles from town is perfect privacy,close enough,yet far enough when it's peacock breeding season,noone complains about 15 male peacocks alerting day and night for 4 months.
Our politicians have no clue(especially those who has made a career out of being a public servant) what sweat equity is.Then on payday see 20% of your pay taken out for taxes.They raise or impose taxes or tax hikes on everything imaginable yet find every reason possible not to increase minimum wage every 10 years,which does not keep up with inflation.They want to keep all of us in poverty,so we will be dependant on Govt programs.If this depression doesn't hit,and I live long enough,and if social security is still there,and if my pension money don't get robbed I may be okay when I retire,but I'm leaning towards working until I die.Too much has been taken away from us.