So you think THIS recession is bad? - GoFuckYourself.com

ADL Colin · 02-26-2009, 08:49 AM

I have this newspaper from March 9, 1933. Here are some highlights.

"All banking institutions under the supervision of the State Banking Commissioner are authorized to pay $10 to depositors who can prove they are in need for food, fuel, medicine and other necessities"

"Washington asks for names of all who have withdrawn currency or gold in sizable amounts from banks in new England since January 1".

"Food situation eases"

"The President is said to have asked for practically dictatorial powers over the banking situation and to rule by proclamation until congress can act"

I thought this was interesting ...
"3500 Shoe Strikers Return to Work" .. "The 12 firms which came to terms today with their operatives granted no pay increases but agreed to recognize the union"

notoldschool · 02-26-2009, 08:55 AM

makes me feel all warm and cozy. Glad i was not around then.

HorseShit · 02-26-2009, 09:12 AM

pretty shitty everywhere

ADL Colin · 02-26-2009, 09:13 AM

There's also an article announcing that a "Nazi Flying Corp" has been formed in Germany.

Goering's name is mentioned. The slogan was
"Help In Achieving Full Liberation From the Fetters Of The Infamous Versailles Treaty"

Oh, and there's an ad for a dozen jelly doughnuts for 15 cents. Normally 25 cents.

Rochard · 02-26-2009, 09:37 AM

Quote:

Originally Posted by ADL Colin

There's also an article announcing that a "Nazi Flying Corp" has been formed in Germany.

That's a sign of very bad things to come!

Sorry, I don't think this is all that bad. On my block of 40 houses, 15 of them are empty - most of them in forclousure. Yet every time I go to the store or out to eat, there are people everywhere spending money. Until my home town here opens up a soup kitchen, I think we'll get by.

StuartD · 02-26-2009, 09:40 AM

Wait, you're comparing a recession to a depression?

If this recession worsens (over the next 3-4 years) to the point where there is total collapse, please feel free to make another more accurate comparison.

BradM · 02-26-2009, 09:43 AM

Local eateries are packed. Movie theaters are full and there's no sign of people selling cars and stopping driving.

In Southern California, I have seen no sign of a recession let alone a depression.

Carmine Raguso · 02-26-2009, 09:46 AM

Quote:

Originally Posted by BradM

Local eateries are packed. Movie theaters are full and there's no sign of people selling cars and stopping driving.

In Southern California, I have seen no sign of a recession let alone a depression.

gee, go easy there lol

LAJ · 02-26-2009, 09:47 AM

Oy vey.. I remember the bread lines back then and selling pencils and apples. With FDR's fireside chats we had hope on our side.

Ethersync · 02-26-2009, 09:59 AM

Quote:

Originally Posted by ADL Colin

I have this newspaper from March 9, 1933. Here are some highlights.

"All banking institutions under the supervision of the State Banking Commissioner are authorized to pay $10 to depositors who can prove they are in need for food, fuel, medicine and other necessities"

"Washington asks for names of all who have withdrawn currency or gold in sizable amounts from banks in new England since January 1".

"Food situation eases"

"The President is said to have asked for practically dictatorial powers over the banking situation and to rule by proclamation until congress can act"

I thought this was interesting ...
"3500 Shoe Strikers Return to Work" .. "The 12 firms which came to terms today with their operatives granted no pay increases but agreed to recognize the union"

That is like 4 years into the great depression. We are just getting started now...

Penthouse Tony · 02-26-2009, 10:05 AM

Quote:

Originally Posted by LAJ

Oy vey.. I remember the bread lines back then and selling pencils and apples. With FDR's fireside chats we had hope on our side.

You look really good for your age. What's your secret?

ADL Colin · 02-26-2009, 10:05 AM

Quote:

Originally Posted by StuartD

Wait, you're comparing a recession to a depression?

If this recession worsens (over the next 3-4 years) to the point where there is total collapse, please feel free to make another more accurate comparison.

Wow, you got it! go get a cookie now.

Tom_PM · 02-26-2009, 10:08 AM

Isn't it true that if we calculated unemployment the same way they did in 1930, we'd be at double digit unemployment easily?

Maybe less people "notice" because there is a wider gap between the two classes: rich and poor?

Just throwing those out there, because I dont freaking know, these are speculations I've heard is all. Better minds can slice and dice it all up.

Ethersync · 02-26-2009, 10:10 AM

Quote:

Originally Posted by PR_Tom

Isn't it true that if we calculated unemployment the same way they did in 1930, we'd be at double digit unemployment easily?

Maybe less people "notice" because there is a wider gap between the two classes: rich and poor?

Just throwing those out there, because I dont freaking know, these are speculations I've heard is all. Better minds can slice and dice it all up.

Yes, unemployment is calculated differently now. So is inflation and GDP...

ADL Colin · 02-26-2009, 11:30 AM

Quote:

Originally Posted by PR_Tom

Isn't it true that if we calculated unemployment the same way they did in 1930, we'd be at double digit unemployment easily?

The thing to understand about current unemployment data is there are 6 different definitions of unemployment and then you have seasonally adjusted figures and non-seasonally adjusted. The definitions run from U-1 to U-6. There are seasonal adjustments because it is easier to compare for example December to January when the effects of Christmas hiring are removed.

The common definition used in the United States is U-3. The current non-seasonally adjusted unemployment numbers run from 3.1 to 15.4% depending on which definition you use. The common definition (U-3) is currently 8.5%. The seasonally adjusted numbers run from 3% to 13.9% and the headline U-3 number is 7.6%.

Unemployment data before 1940 is just educated guesswork. There is no reliable way to compare data across 1940 though there was a census of sorts in 1937. Since 1940 there has been the "Current Population Survey"; a rather large reliable survey. The basic definition of unemployment that you hear about today has not really changed much since 1940 though occasionally the question has been changed slightly. Like asking "Are you looking for a job" vs "Were you looking for a job last week"? There is one study that shows you should add .2% to today's unemployment figures to compare to numbers before the 90s. This is because there were changes to the way the survey was collected and it seems to have introduced a negative .2% bias in the data.

To me the best way to look at the data and say, compare recessions, is to look at the baseline numbers before, after and during the recessions. How much do they change?

Tom_PM · 02-26-2009, 11:37 AM

It all seems like tossing bones and colored stones on a diagram and reading them.

I guess we have to just be reasonably sure that they're giving useful data and get a good read.

ADL Colin · 02-26-2009, 12:09 PM

Quote:

Originally Posted by PR_Tom

It all seems like tossing bones and colored stones on a diagram and reading them.

I guess we have to just be reasonably sure that they're giving useful data and get a good read.

The data is collected by surveying over 100,000 businesses.

For unemployment you have both the government survey and the ADP payrolls report so you have a private sector check on the government numbers. ADP's survey covers 24 million people.

Think about how difficult it is to measure inflation (or the GDP deflator) though. Hundreds of employees scouring stores trying to find a bracelet just like the one used in last month's survey. But wait! - it's on sale this month. Now what?

Antonio · 02-26-2009, 01:26 PM

I'll trade one post-war paper from the UK (March 04 1946) for your paper from March 9, 1933

ADL Colin · 02-26-2009, 01:38 PM

Quote:

Originally Posted by Antonio

I'll trade one post-war paper from the UK (March 04 1946) for your paper from March 9, 1933

That's a cool paper but i collect business/econ memorabilia. There are depression newpapers on ebay all the time though.

onwebcam · 02-26-2009, 01:41 PM

1933 was 4 years after the crash in 1929.

LAJ · 02-26-2009, 02:11 PM

Quote:

Originally Posted by Sagi_AFF

You look really good for your age. What's your secret?

Hey... someone who reads thru threads!

Forest · 02-26-2009, 02:17 PM

Quote:

Originally Posted by BradM

Local eateries are packed. Movie theaters are full and there's no sign of people selling cars and stopping driving.

In Southern California, I have seen no sign of a recession let alone a depression.

I tried to go to the sawgrass mall a few weeks ago. Sawgrass is a MONSTER mall. there was not one fucking parking space available. took me 45 minutes to find parking

Went to Utah skiing last week. On saturday they CLOSED the mountain road into the canyon because there was no more parking available at TWO resorts in the canyon.

My flight back was completly sold out and when we tried to go to outback for dinner saturday night there was an 1:30 minute wait

PAR · 02-26-2009, 02:19 PM

1933 was also when :
From: President of the United States Franklin Delano Roosevelt ....

...All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933...

Marking the start of the end of the gold standard...

Fraction reserve banking, is not able to run for ever as it introduces debt on every dollar printed.. Because each dollar on loan with a % of interest attached to it..

Dollar values go down and you need to borrow more and more to stay level..
bla bla bla...

could be this is just a bump in the road or the start of a new direction then next 12 months will start to show the direction..

02-26-2009, 02:24 PM

Let it go
How far will a falling star take me
How far can I go can I go
Gotta be what the nightmare made me
Gotta be gotta be what I see
Jump clear of the falling parts from me
How far will they go will they go
Cant give what you need from me baby
Just let it go

Bringing me down break me down sweet sugar
Bringing me down break me down
Breaking me down to the ground sweet baby
Breaking me down to the ground

Too much is made of whats in me
Not enough about how I strive
Keep an eye on your world its cheating
Keep an eye keep an eye on me
Deep inside theres a little place for me
A little place for me
Cant give what you want from me baby
Just leave it be

Sweet razor wound
Deep down slice my groove
Sweet razor wound
Deep down cmon and slice it

How far did the falling star take me
How far did it go did it go
Had to be what the nightmare made me
Fuck,..just had to be
Jump clear of the falling parts form me
How far did they go did they go
Cant give what you want from me baby
Hell,..just let it go

Splum · 02-26-2009, 02:27 PM

The worst is yet to come dont fucking kid yourselves

brassmonkey · 02-26-2009, 02:30 PM

yes i do but groceries are cheap

ADL Colin · 02-26-2009, 02:37 PM

Quote:

Originally Posted by onwebcam

1933 was 4 years after the crash in 1929.

Yeah and 1933 was 6 years before "Gone With The Wind" Came Out. Point?

pornguy · 02-26-2009, 02:41 PM

Quote:

Originally Posted by Rochard

That's a sign of very bad things to come!

Sorry, I don't think this is all that bad. On my block of 40 houses, 15 of them are empty - most of them in forclousure. Yet every time I go to the store or out to eat, there are people everywhere spending money. Until my home town here opens up a soup kitchen, I think we'll get by.

I agree. I think one of the biggest things is people got into homes they could not afford, went into foreclosure and then bailed out of them. Now living on homes they can afford and life is about as normal.

The Seduction of Art · 02-26-2009, 03:05 PM

If anyone needs me, I'll be sitting down here in the campfire light searching for the ghost of Tom Joad

02-26-2009, 08:49 AM	#1
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	So you think THIS recession is bad? I have this newspaper from March 9, 1933. Here are some highlights. "All banking institutions under the supervision of the State Banking Commissioner are authorized to pay $10 to depositors who can prove they are in need for food, fuel, medicine and other necessities" "Washington asks for names of all who have withdrawn currency or gold in sizable amounts from banks in new England since January 1". "Food situation eases" "The President is said to have asked for practically dictatorial powers over the banking situation and to rule by proclamation until congress can act" I thought this was interesting ... "3500 Shoe Strikers Return to Work" .. "The 12 firms which came to terms today with their operatives granted no pay increases but agreed to recognize the union" __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

02-26-2009, 08:55 AM	#2
notoldschool Confirmed User Join Date: Aug 2007 Posts: 5,687	makes me feel all warm and cozy. Glad i was not around then. __________________ No doubt one may quote history to support any cause, as the devil quotes scripture. -- Learned Hand http://www.bjpenn.com

02-26-2009, 09:13 AM	#4
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	There's also an article announcing that a "Nazi Flying Corp" has been formed in Germany. Goering's name is mentioned. The slogan was "Help In Achieving Full Liberation From the Fetters Of The Infamous Versailles Treaty" Oh, and there's an ad for a dozen jelly doughnuts for 15 cents. Normally 25 cents. __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"

02-26-2009, 09:40 AM	#6
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	Wait, you're comparing a recession to a depression? If this recession worsens (over the next 3-4 years) to the point where there is total collapse, please feel free to make another more accurate comparison. __________________ This is me on facebook This is me on twitter Last edited by StuartD; 02-26-2009 at 09:41 AM..

02-26-2009, 09:47 AM	#9
LAJ Gingerific Industry Role: Join Date: Jun 2001 Location: Austin Posts: 5,567	Oy vey.. I remember the bread lines back then and selling pencils and apples. With FDR's fireside chats we had hope on our side. __________________ YNOT.com - The original industry resource email jay at ynot dot com or skype LAJConsulting

02-26-2009, 09:12 AM	#3
HorseShit Too lazy to set a custom title Join Date: Dec 2004 Posts: 17,513	pretty shitty everywhere

02-26-2009, 09:43 AM	#7
BradM Confirmed User Join Date: Dec 2003 Location: 1123,6536,5231 Posts: 3,397	Local eateries are packed. Movie theaters are full and there's no sign of people selling cars and stopping driving. In Southern California, I have seen no sign of a recession let alone a depression.

02-26-2009, 10:08 AM	#13
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	Isn't it true that if we calculated unemployment the same way they did in 1930, we'd be at double digit unemployment easily? Maybe less people "notice" because there is a wider gap between the two classes: rich and poor? Just throwing those out there, because I dont freaking know, these are speculations I've heard is all. Better minds can slice and dice it all up. __________________ 43-922-863 Shut up and play your guitar.

02-26-2009, 11:37 AM	#16
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	It all seems like tossing bones and colored stones on a diagram and reading them. I guess we have to just be reasonably sure that they're giving useful data and get a good read. __________________ 43-922-863 Shut up and play your guitar.

02-26-2009, 01:26 PM	#18
Antonio Too lazy to set a custom title Join Date: Oct 2001 Location: Spartaaaaaaaaa Posts: 14,136	I'll trade one post-war paper from the UK (March 04 1946) for your paper from March 9, 1933

02-26-2009, 01:41 PM	#20
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,655	1933 was 4 years after the crash in 1929. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete.

02-26-2009, 02:19 PM	#23
PAR Confirmed User Industry Role: Join Date: May 2005 Posts: 1,835	1933 was also when : From: President of the United States Franklin Delano Roosevelt .... ...All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933... Marking the start of the end of the gold standard... Fraction reserve banking, is not able to run for ever as it introduces debt on every dollar printed.. Because each dollar on loan with a % of interest attached to it.. Dollar values go down and you need to borrow more and more to stay level.. bla bla bla... could be this is just a bump in the road or the start of a new direction then next 12 months will start to show the direction..

02-26-2009, 02:24 PM	#24
Killswitch - BANNED FOR LIFE Guest Posts: n/a	Let it go How far will a falling star take me How far can I go can I go Gotta be what the nightmare made me Gotta be gotta be what I see Jump clear of the falling parts from me How far will they go will they go Cant give what you need from me baby Just let it go Bringing me down break me down sweet sugar Bringing me down break me down Breaking me down to the ground sweet baby Breaking me down to the ground Too much is made of whats in me Not enough about how I strive Keep an eye on your world its cheating Keep an eye keep an eye on me Deep inside theres a little place for me A little place for me Cant give what you want from me baby Just leave it be Sweet razor wound Deep down slice my groove Sweet razor wound Deep down cmon and slice it How far did the falling star take me How far did it go did it go Had to be what the nightmare made me Fuck,..just had to be Jump clear of the falling parts form me How far did they go did they go Cant give what you want from me baby Hell,..just let it go

02-26-2009, 02:27 PM	#25
Splum Confirmed User Join Date: May 2003 Location: USA Posts: 6,195	The worst is yet to come dont fucking kid yourselves

02-26-2009, 02:30 PM	#26
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,108	yes i do but groceries are cheap __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

02-26-2009, 03:05 PM	#29
The Seduction of Art Confirmed User Join Date: Feb 2009 Posts: 416	If anyone needs me, I'll be sitting down here in the campfire light searching for the ghost of Tom Joad __________________ Custom adult artwork for your business from a veteran artist. Click below or ICQ# 488024725