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Historic quotes; A reminder.
Topic Started: 1 Dec 2016, 09:44 AM (2,669 Views)
Ex BP Golly
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The Kings new cloths:

“It’s perfectly true that my word is not law around here as it once was. When they see me, hanging around the house all the time and know that I can’t find work, it has its effect all right.” An unemployed father to a social worker.

Federal relief aid to end the Depression would cause “degeneration of that independence and initiative which are the very foundation of democracy.” President Hoover 1931
Edited by Ex BP Golly, 1 Dec 2016, 09:45 AM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Terry
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Ex BP Golly
1 Dec 2016, 09:44 AM
The Kings new cloths:

“It’s perfectly true that my word is not law around here as it once was. When they see me, hanging around the house all the time and know that I can’t find work, it has its effect all right.” An unemployed father to a social worker.

Federal relief aid to end the Depression would cause “degeneration of that independence and initiative which are the very foundation of democracy.” President Hoover 1931
I think you'll find that many suburbanites think that they're the master of their own economic destiny; when the reality is that they're living off the benevolence of an orchestrated master plan. That's also why the Turnbulls, Hockeys, etc don't want the suburbanites to think too much about bubbles. It's much better to believe it's part of a natural process and the good skill and prudence of Australia.
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herbie
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Terry
1 Dec 2016, 10:01 AM
I think you'll find that many suburbanites think that they're the master of their own economic destiny; when the reality is that they're living off the benevolence of an orchestrated master plan. That's also why the Turnbulls, Hockeys, etc don't want the suburbanites to think too much about bubbles. It's much better to believe it's part of a natural process and the good skill and prudence of Australia.
In ya wise opinion Oh Learned Master, are Japanese sub-urbanites superior sub-urbanites, or inferior sub-urbanites, or just ya bog ordinary knuckle draggin', know nothin' sub-urbanites? - LOL
Edited by herbie, 1 Dec 2016, 10:34 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Terry
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herbie
1 Dec 2016, 10:33 AM
In ya wise opinion Oh Learned Master, are Japanese sub-urbanites superior sub-urbanites, or inferior sub-urbanites, or just ya bog ordinary knuckle draggin', know nothin' sub-urbanites? - LOL
Pretty sure they couldn't catch, skin and devour a critter like you could Jethro.
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herbie
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Terry
1 Dec 2016, 11:24 AM
Pretty sure they couldn't catch, skin and devour a critter like you could Jethro.
Hmm - Thought I'd heard somewhere they woz pretty cluey when it cum ta catchin' 'n skinnin' 'n devourin' whales or somesuch.

Musta just got 'em confused with some other mob like Mexicans or Poles of Thais or wotever I guess ...
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Ex BP Golly
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""Our whole Depression was brought on by gambling, not in the stock market alone but in expanding and borrowing and going in debt... all just to make some easy money quick." Will Rogers 1935
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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skamy
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Ex BP Golly
6 Dec 2016, 01:22 PM
""Our whole Depression was brought on by gambling, not in the stock market alone but in expanding and borrowing and going in debt... all just to make some easy money quick." Will Rogers 1935
This is typical of transfer of blame to ordinary people. It is also typical of the puritanical attitude to debt.

The biggest problem leading to the great depression was the massive over growth and inflation that proceeded it.

The truth is that the economy recovered and grew again when debt grew again.


Ex BP you never let the facts get in the way of a good sermon from the pulpit on the evils of debt. You preach one thing for others another for yourself as you sit comfortably in ownership of many properties that have done very well indeed for ya.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Ex BP Golly
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"Riots are one step away from Civil War, and must be regarded as such".
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trollie
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Ex BP Golly
6 Dec 2016, 01:22 PM
""Our whole Depression was brought on by gambling, not in the stock market alone but in expanding and borrowing and going in debt... all just to make some easy money quick." Will Rogers 1935
Quotes from actors, very insightful golly.
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Chris
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skamy
6 Dec 2016, 03:06 PM
This is typical of transfer of blame to ordinary people. It is also typical of the puritanical attitude to debt.

The biggest problem leading to the great depression was the massive over growth and inflation that proceeded it.

The truth is that the economy recovered and grew again when debt grew again.


Ex BP you never let the facts get in the way of a good sermon from the pulpit on the evils of debt. You preach one thing for others another for yourself as you sit comfortably in ownership of many properties that have done very well indeed for ya.
So debts the answer Shammy?

That is extremely uneducated if you, debt is a part of living for most of us. Businesses, individuals and governments rely on it to progress but is that it? Debt has some horrific outcomes for anyone who believes it is without consequence.

You are one of those people, one day we see another 1930 or 1988 and the notion that debt is good will fade again and all those who share your views will be inialated. See shammy It is because of debt the boom bust cycles exist in the first place.
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