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  1. #13

    Thanks

    Quote Originally Posted by DonB  [View Original Post]
    There was a saying that Hoover caused the depression and FDR made it Great. That is what I was alluding to.

    However Friedman's analysis gives the credit to the Federal Reserve System for its failure to act.

    https://fee.org/articles/the-great-d...lton-friedman/

    Don B.
    Considering what's coming I really need to read up on the causes and solutions from that era.

  2. #12
    Senior Member


    Posts: 313

    Depression

    Quote Originally Posted by Admin2  [View Original Post]
    But, the great depression started in 1929 and Roosevelt didn't take office until 1933. There is literally no possible question of those dates. When he was inaugurated unemployment was 25%, the banks had long since been closed, and 2 million people were homeless.

    Black Thursday which is universally agreed to be the beginning of the great depression was October 29, 1929. I'm not trying in anyway to make any argument for or against Hoover nor for or against Roosevelt because that shit just goes on forever and neither of us would ever change our minds about anything but this one is historical fact. The great depression started and came to term under Hoovers administration.
    There was a saying that Hoover caused the depression and FDR made it Great. That is what I was alluding to.

    However Friedman's analysis gives the credit to the Federal Reserve System for its failure to act.

    https://fee.org/articles/the-great-d...lton-friedman/

    Don B.

  3. #11

    Probably not as bad

    Quote Originally Posted by Shawman  [View Original Post]
    Fwiw i think there are a few saving graces this time around, fiat currency being a big one.
    But have no illusions, it's going to be really fucking bad. The longer this lunacy continues the worse it's going to be. The US can get away with printing money for a while because the whole world needs dollars to be stable (not saying it should but the reality is it can) but Argentina cannot do that.

    This shit is going to be the worst that any of us has ever seen except maybe really old guys like Don.

  4. #10

    I'm not nearly as old as you

    Quote Originally Posted by DonB  [View Original Post]
    I lived through Roosevelt's Great Depression and what's coming will probably be just as bad, if not worse.

    Don B.
    But, the great depression started in 1929 and Roosevelt didn't take office until 1933. There is literally no possible question of those dates. When he was inaugurated unemployment was 25%, the banks had long since been closed, and 2 million people were homeless.

    Black Thursday which is universally agreed to be the beginning of the great depression was October 29, 1929. I'm not trying in anyway to make any argument for or against Hoover nor for or against Roosevelt because that shit just goes on forever and neither of us would ever change our minds about anything but this one is historical fact. The great depression started and came to term under Hoovers administration.

  5. #9
    Quote Originally Posted by DonB  [View Original Post]
    I lived through Roosevelt's Great Depression and what's coming will probably be just as bad, if not worse.

    Don B.
    Fwiw i think there are a few saving graces this time around, fiat currency being a big one.

  6. #8
    Senior Member


    Posts: 313

    Depression

    Quote Originally Posted by Admin2  [View Original Post]
    The crippling disaster is already on the way. Covid is proving to be nowhere near as deadly as originally thought and Argentina is without question heading into the worst economic period of it's history.

    Millions are going to starve in a misguided effort to save thousands.

    https://news.un.org/en/story/2020/04/1062292

    Y no podes dicir yankee go home, soy argentino, pago mis impuestos.

    Seriously man, do what you need to do to prepare, the worst recession in the history of the country is coming.
    I lived through Roosevelt's Great Depression and what's coming will probably be just as bad, if not worse.

    Don B.

  7. #7
    Quote Originally Posted by Admin2  [View Original Post]
    The crippling disaster is already on the way. Covid is proving to be nowhere near as deadly as originally thought and Argentina is without question heading into the worst economic period of it's history.

    Millions are going to starve in a misguided effort to save thousands.

    https://news.un.org/en/story/2020/04/1062292

    Y no podes dicir yankee go home, soy argentino, pago mis impuestos.

    Seriously man, do what you need to do to prepare, the worst recession in the history of the country is coming.
    Not recession, Argentina is heading into an economic Depression.

  8. 04-28-20 14:42


  9. #6

    All flights banned until september

    And so i thought you guys might have already seen this, but for the purposes of furthering the conversation.

    https://news.yahoo.com/argentina-blo...125740465.html

    I cant wait to hear what yall think this means for argentina and the rest of south america. I tried to buy tickets to south america for october but was summarily rejected at the end when it came time to pay.

    This might be a good thing if it gets the banksters off your back (?).

  10. #5

    Too late

    Quote Originally Posted by CaptainSolo  [View Original Post]
    Those are very aggressive enforcement of the quarantine decree.

    But hopefully they will save Argentina from a crippling disaster.

    The US should adopt the same strict measures.
    The crippling disaster is already on the way. Covid is proving to be nowhere near as deadly as originally thought and Argentina is without question heading into the worst economic period of it's history.

    Millions are going to starve in a misguided effort to save thousands.

    https://news.un.org/en/story/2020/04/1062292

    Y no podes dicir yankee go home, soy argentino, pago mis impuestos.

    Seriously man, do what you need to do to prepare, the worst recession in the history of the country is coming.

  11. #4

    140K Apprehended

    Those are very aggressive enforcement of the quarantine decree.

    But hopefully they will save Argentina from a crippling disaster.

    The US should adopt the same strict measures.

    Quote Originally Posted by TejanoLibre  [View Original Post]
    140,000 People apprehended in Buenos Aires !

    https://www.batimes.com.ar/news/arge...arantine.phtml

    TL.

  12. #3

    That's a SHIT-LOAD !

    140,000 People apprehended in Buenos Aires !

    https://www.batimes.com.ar/news/arge...arantine.phtml

    TL.

  13. #2
    I’ll be honest, At this point, I’m thinking late 2021-2022 at the earliest. Want to visit Brazil and return to Italy and Spain. Maybe Colombia and Japan too.

  14. #1

    They Just Added 14 additional Days to the Mandatory Quarantine !

    They Just Added 14 additional Days to the Mandatory Quarantine !

    So anyone who was planning on Coming Down either For Work or Just Plain Old Fashioned Debauchery is going to have to reschedule and or postpone or completely CANCEL their Working Vacations or their Adult Activites Experiences !

    And Zero Fun and Zero Excitement most definitely Makes Johnny a very Dull Boy !!!!!

    But Here's Johnny !

    Not the Tonight Show either !

    I walked through the "Gauntlet" this afternoon and it was Almost exciting but fortunately not too exciting !

    Happy Hunting when You Boys are able to return or Visit for your first time !

    Later,

    TL.

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