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  • 2009 Depression Will Be Nothing Like 1929 [View article]
    Actually things were better during the 29 Depression in many ways:
    1. We had a manufacturing economy still intact.
    2. We had low cost and reliable energy source.
    3. Most food and commodities were produced here in the USA
    4. We had a low cost public transportation system.
    5. Most clothing and soft goods were produced in the USA.
    6. We had the same problem with Real Estate, Stock Brokerage and Banking as we now have.
    I THINK THE PRESENT DEPRESSION IS GOING TO BE WORST AND LAST A LOT LONGER THAN ANYONE IMAGINES.
    Mar 07 01:19 am |Rating: +3 -5 |Link to Comment
  • 2009 Depression Will Be Nothing Like 1929 [View article]
    Actually things were better during the 29 Depression in many ways:
    1. We had a manufacturing economy still intact.
    2. We had low cost and reliable energy source.
    3. Most food and commodities were produced here in the USA
    4. We had a low cost public transportation system.
    5. Most clothing and soft goods were produced in the USA.
    6. We had the same problem with Real Estate, Stock Brokerage and Banking as we now have.
    I THINK THE PRESENT DEPRESSION IS GOING TO BE WORST AND LAST A LOT LONGER THAN ANYONE IMAGINES.
    Mar 07 01:19 am |Rating: +1 -4 |Link to Comment
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