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Thread: What will the next depression look like

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    montana's Avatar Senior Member
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    What will the next depression look like

    IMO it will be far worse. People today and many more now than then have real assets .

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    slackercruster (01-01-2022)

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    The next depression, if there is one, won’t look anything like the Great Depression.

    The shutdown of the American economy in 2020 was a preview of what it will be like.
    When the people find that they can vote themselves money, that will herald the end of the republic.“ - Benjamin Franklin.


    “When people get used to preferential treatment equal treatment seems like discrimination.” - Thomas Sowell

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    montana (01-01-2022)

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    Cotton1's Avatar Senior Member
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    The next depression will not be worse economically but will be much much worse psychologically. People are used to more goods and comfort than they were in the 30's. It'll be a tough sled downhill
    I'm yo.
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    RMNIXON (01-01-2022)

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    Quote Originally Posted by Cotton1 View Post
    The next depression will not be worse economically but will be much much worse psychologically. People are used to more goods and comfort than they were in the 30's. It'll be a tough sled downhill
    Watch them melt down when they realize a smart phone is a luxury and not a right.
    ΜOΛΩΝ ΛΑΒΕ


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    Quote Originally Posted by Peter1469 View Post
    Watch them melt down when they realize a smart phone is a luxury and not a right.
    True. It will also be tough for a good segmant of the population to realize the same is true of $60,000 cars and $90,000 SUV's
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    Quote Originally Posted by Cotton1 View Post
    The next depression will not be worse economically but will be much much worse psychologically. People are used to more goods and comfort than they were in the 30's. It'll be a tough sled downhill
    The poor in those days were more about families sticking together. Those that found work accepted what they could and those not working took care of house and children, all generations in one place. There was no Welfare State handout system to fall back on.

    Today's non-working poor expect comfort levels and the State providing in ways that may not be possible in the near future.
    My Revenge will be Success! - Donald J Trump

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    Cotton1 (01-02-2022),montana (01-02-2022),slackercruster (01-01-2022)

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