Looks like it’s about to get like in 1929 again. Fasten your seat belts.🧐
(media.greatawakening.win)
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Wouldn't you wash it in the stream first?
Yes,...and make her shave too.
They would reuse the fabric to make clothes --- usually for kids.
Flour sacks would come in prints for that purpose.
These days you might need two bags.
My mom wore flour sack dresses as a kid.
My mom made dish towel dresses
My mom made dish towels out of old diapers
My mother did too. After 18 years of diaper use by various babies.
I remember 25 pound bags of flour coming in pillow cases at the grocery store. They were white with a wide pastel band around the opening. My mother would embroider the colored band to make them fancier. That's the only kind of pillow cases we had for many years. This was in the early 60s.
like Marilyn in the potato sack dress :)
I don’t think I’d wear a flour sack, at peast without some nips and tucks
Wasn’t a huge contributing factor that most stock purchases in the 1920’s were bought on margin? This contributed to the panicked sell off and crash. How much stock is purchased with borrowed money these days?
What is so different today is money is being invested in the market because the economy sucks. And because no other investment is more attractive.
Unless Powell goes completely rogue and channels Volcker, the market will likely continue to be where money is invested. Of, course this is just one opinion.
The derivatives leverage game is far, far, FAR larger than margin trading was in the 20s.
I was going to say the same thing but you beat me to it. This crash is going to be far worse because of those derivatives.
automatic updoot for username
keep in mind, the powerful WANT a crash this time around. IDK how much they influenced the last one, but could be they wanted that one too.
market volatility is awesome if you control the volatility
sounds like you agree?
Volcker? The Fed guy before Greenspan?
He was before most of our time--care to fill us in why that's important?
Sure, thankfully it wasn’t before my time. Thankful I’m still here!
Volcker executed a strategy to bring inflation under control by raising Fed rates to almost 18% which brought the economy to a grinding halt. Some people believe he killed any chance of Carter winning re-election.
I was young, but I remember it was pretty miserable. The only upside was if you had cash CD rates were around 18%, but inflation was 13% at the time.
I got married during that time. If you had money in the bank, ( I didn’t) the interest was incredible. I remember basic money market accounts earning 9-10%. CDs at 15-18% Now you’re lucky to get .03%.
That sounds like right around the time they were teaching us "the magic of compound interest" in Junior High.
Suddenly they don't teach that anymore
Thank you, sir. I was of single-digit age when he left the Fed, so I didn't know.
It gave us Reagan, at least. Flawed as he was, he was also the proto-Trump. Amnesty aside, of course.
Stagflation.
My 1st house was at 18% interest and that was with the VA discount. Think those times are returning unfortunately.
Doesn't have to go Volker, as soon as interest rates hit 3% the flight to bonds will be a sight to behold.
They’re currently sitting in the high 5’s
They have now control of two sides of the trade. JPM is on the call side. BOFA is on the put side .... The ups and downs allow them to make money and roll over their shit and perpetuate it ad infinitum, or so they think.
Yup, it's on the way. Face it without fear.
Bring it on I say. I want to get this shit storm started. It’ll suck but it is necessary for the normies to snap out of their entertainment Matrix. How will they operate when they can no longer afford Netflix, Prime Video etc.
I have tons of board games, nature hobbies and offline video games I can play. Also have prepared the best I can for this.
If it's a crash and food shortage they are going to be screaming for the government to fix it and too worried about finding food to worry about fixing corruption or paying attention to much else.
I hope we don't crash and there is a plan to manage it if it does.
At least the normies will start caring about something meaningful
Minecraft best offline video game. Download a few mods and you'll never get bored
I get it but I am more of an Age of Empires 2 guy myself fren. Same concept. New DLC just game out. Can never get bored.
Chess.
And a very large library of real books, magazines, and old comic books.
Great buying opportunities!
👆👍🎯
I checked my gun safe,all my silver is their and it still weighs the same.
1932 (technically April of '33) was the last year $20 equaled a troy ounce of gold... Now it's $2,000 an oz... That's either 100x "inflation" or overprinting devaluation of the "dollar" to a HUNDRED times less buying power
All by design
I’m not saying this meme is correct but It’s already started, the nasdaq is down 25% this year. These things don’t happen overnight and patience is a virtue.
Investing in the stock market was tough for me at first because of similar impatience. Cultivate more of it and it will be good for you in many aspects of life
Strong people lead to good and wealthy times.
Good and wealthy times grow week people.
Week people lead to a disaster and difficult times.
Difficult times grow and harden strong people.
3 generations cycle - that can be your 90 years.
There is a doom-gloom blogger that often writes, "it takes three generations to produce an artist."
i wouldn't mind seeing fatties on rations
Crash this economy. They don't care about us, I am done caring about them.! Its a scam, its fake and I don't want to live like this anymore.
We have children of dirty politicians that are billionaire drug addicts, people using babies to extend their selfish lives.
Celebrities that are so corrupt they buy and influence elections!
Crash this economy NOW!
I've followed HOZ for like 3 years. He's early but usually not wrong.
I've been saving up! It's almost time to buy!
Time to buy food guns and ammo
And a Bible if you haven't
"History doesn't repeat itself, it rhymes"
-- mark twain ( i think)