what would/could happen in an economic meltdown?

[Whisp]

the day to day things that will affect millions.

stores would be out of product in a very short time
mayhem on the streets

its so big I can't even think straight about it.

maybe the stunned silence from those in attendance at the meeting was military takeover being mentioned?

[MichiganVote]

1. Are you kidding? Armegeddon, that's what.

[Whisp]

2. I'm not kidding. Its really hard to bend my brain that way.

[MichiganVote]

6. Think immediate needs...all unmet one by one.

[FirstLight]

3. seriously...

Can we spell this out, week by week as the dominoes fall?

I would like to know how this plays out, for real... I have only some tales and photos from my parent's thoughts & experiences from the depression...but I don't know how we get fom here to there...and maybe even back again???

anyone?

[roamer65]

4. Pick your poison on this one.

We are going to have a deflationary depression (no bailout) or a hyperinflationary depression (bailout). Take your pick.

[IDemo]

5. Here's a preview

http://www.youtube.com/watch?v=DvqiElZI43k&feature=related

[eowyn_of_rohan]

7. there's some discussion of that here ->

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=4054018

[Whisp]

8. thanks much. missed that one. nt

[Fire1]

9. And the dollar is going to be worth LESS than it is NOW!

[Indiana_Dem]

10. try googling about the USSR economic crash--

you know, the time and era when Reagan said 'tear those walls down'? He made it look like he was the one who brought down the cold war when it was actually the collapse of Russia's economic system. At least that's what I've been told. I've also been told and have read things online about Argentina's crisis to host an example of hyperinflation.

[kentuck]

12. Did Russia have the FDIC ?

Neither did we during the Great Depression.

[Indiana_Dem]

13. Yes, this is true. But if the government is in so much debt,

how can they be relied upon? I just don't get it. I've never had economics.

I just read this interesting thing on perestroika from Wikipedia:
http://en.wikipedia.org/wiki/Perestroika

[kentuck]

11. I would suppose...

that if the banks stopped lending, a lot businesses would not expand. People would not be hired and people would be laid off from present jobs. The unemployment rate would be the first indicator. If people were not employed, they would not be able to pay their bills, and there would be more foreclosures and less money to be spent on necessities.

However, with $700 billion dollars, the government could start its own bank, US Nationalized Bank. They could loan money for business start-ups and any other purpose. They would compete with the banks that did not go under. They could start a jobs program, ala WPA, that could put people to work. It would not have to be the hardship that the banks would put on people.

[OakCliffDem]

14. Could Bush suspend the elections and proceed into his third term?

[Whisp]

16. this is what I fear has been planned.

Obama was not supposed to be a threat to McCain - what with all the lieing and cheating the repugs do and the media being on the repug side.
If McCain was a shoe in, I'm not sure this financial crisis would have happened quite the same.

Keep thinking of when Hillary said to Bill Richardson about Obama, that 'He Can't Win'.
that has stuck in my head and bugged me ever since as to what that meant.

[fla nocount]

15. This handout will not prevent that.

What if a pan-handler were to threaten you instead of asking? Would you cave or say, "fuck off ya bum?"

We are the product, we are the commodity. "They" are nothing without us and their sole purpose is to sell and prop up an illusion that they personally don't buy into.