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Conzors · 18-03-2009, 08:49 PM

Hello.
I was thinking this the other day.

Do you think our credit crunch is going to get as bad as "The Great Depression" in 1920's - 19-30's?

For those of you who dont know what the great depression is, it was a period in history where thee was a worldwide economic crisis. It was the largest and most important economic depression in the 20th century, and is used in the 21st century as an example of how far the world's economy can fall. The Great Depression started in the United States and many historians most often use as a starting date the stock market crash on October 29, 1929, known as Black Tuesday.

Then the wall street crash occured and the prices started to increase by the second. There was an example of man who entered a cafe, a man had $8000, just enough for one cup of coffee, and the time he finished it rose to $10, 000. So he owed $2000.

So do you think it will be as bad as that?
x

Sticks · 19-03-2009, 06:39 AM

Yes

Sticks · 19-03-2009, 06:44 AM

Ok

At the risk of being a spammer here, my brother has a website devoted to the world wide recession called Bad Economy

I have also contributed an article

arista · 19-03-2009, 06:56 AM

In a way its worse
as back in those 1920 days
they did not have much Electronic connections.

So now it happens so much faster
and connects across every nation.

Some New Labour Ministers have said we are in the same
as 1930's.
They are the few wise ones.

It is sad
that the IMF have reported that the UK
will go down as bad as those Yanks who started this Circle.

From Sticks Link
http://www.badeconomy.ca/finance/59-cheaper-cuts

Cheaper Cuts
is one thing but now you pay for top quality
and it is watered down more
or less of some ingredients
as they can no longer buy the full amount they need
to make the product like it was.

SiaSiaSia · 19-03-2009, 07:02 AM

Why have you written 1930s with a hyphen in the middle?

And I don't think it will get as worse. But I think this Credit Crunch will get worse...

Sticks · 19-03-2009, 12:19 PM

Quote:

Originally posted by arista
Cheaper Cuts
is one thing but now you pay for top quality
and it is watered down more
or less of some ingredients
as they can no longer buy the full amount they need
to make the product like it was.

That may be what they do at some supermarkets with pre-packed meat.

I buy mine either from the butchers in the Grainger Market or from Newcastle Farmer's market straight from the farmers.

Quite a lot of the stuff I get at the Food Company in the Newgate Shopping Centre on Newgate street was actually ordered by the top supermarkets, and that which isn't is just as good IMHO as the price bloated supermarkets out of town.

arista · 19-03-2009, 12:31 PM

Yes Farmers Markets
are the best.

They need to do one
in Oxford Street London.

They will sell everything.

Close the to the North end of the road
from Soho Sq to Tott.CtRd.

Put them in the Road
it would be a Mega hit.

Boris is all for this.

Life In The City.

tiernanp40 · 19-03-2009, 01:58 PM

i think this is a debate that the goverment should put futher intellignce into investagate... but it could and couldn't... you know what i mean

letmein · 19-03-2009, 03:54 PM

Only Britain calls it the "credit crunch". It's not a credit crunch. That's a childlike, sing-songy term to not make people panic.

TheMac · 19-03-2009, 04:13 PM

No. It won't be that bad. And yeah, it's not a "credit crunch". We aren't even in a credit crunch. We are in a recession.

Hugo · 19-03-2009, 04:17 PM

LOL, no.

Jen · 19-03-2009, 04:17 PM

Its worse than then because we have much more money.
More money gained then eventually lost.
It seems not as bad because people aren't crawling the streets or migrating from job to job, which is what it was like during "The Wall Street Crash" era.
It's much worse than then, when you look at it, money wise.

Sticks · 19-03-2009, 04:20 PM

Quote:

Originally posted by letmein
Only Britain calls it the "credit crunch". It's not a credit crunch. That's a childlike, sing-songy term to not make people panic.

So what term would you use?

NettoSuperstar! · 19-03-2009, 04:24 PM

There was a credit crunch...we're in a recession...who flippin knows where it will end? but it will eventually.

Spike · 19-03-2009, 04:29 PM

The reason that got so bad is because many governments were stupid and thought printing more and more money would solve all their problems, it actually made the problem much worse. So I can't see prices increasing like that because hopefully everyone learnt a lesson from the mistakes made then
So no it wont get that bad, but minus the inflation off the great depression and it would be as bad.

arista · 19-03-2009, 04:31 PM

Quote:

Originally posted by letmein
Only Britain calls it the "credit crunch". It's not a credit crunch. That's a childlike, sing-songy term to not make people panic.

Only Pathetic Brown called it Credit Crunch.
Fact.

NettoSuperstar! · 19-03-2009, 04:32 PM

Credit was harder to come by so....

NettoSuperstar! · 19-03-2009, 04:35 PM

Quote:

Originally posted by Spike
The reason that got so bad is because many governments were stupid and thought printing more and more money would solve all their problems, it actually made the problem much worse. So I can't see prices increasing like that because hopefully everyone learnt a lesson from the mistakes made then
So no it wont get that bad, but minus the inflation off the great depression and it would be as bad.

printing more money didnt cause anything! lending money to people that couldnt pay it back and then selling those debts on did....and the governments didnt do it, the banks did

arista · 19-03-2009, 04:35 PM

Quote:

Originally posted by Spike
The reason that got so bad is because many governments were stupid and thought printing more and more money would solve all their problems, it actually made the problem much worse. So I can't see prices increasing like that because hopefully everyone learnt a lesson from the mistakes made then
So no it wont get that bad, but minus the inflation off the great depression and it would be as bad.

"it won't get that bad"

I wish you were right.

But this in the UK has been brewing
under New Labour.

And Now Unions are setting up their own Anti Europe
Political sides.

New Labour are the reason the UK is Hit so Hard.

The IMF
has stated that the UK is going to go down
like America.

Building Projects Stopped.

Food worse in Quality.

This is a New Labour Depression.

The Banks Run Bad by Brown.

Get those Bastards Out.