Lessons from The Great Depression

Source: Of Two Minds
Published: Jul 22, 2023
Author: Charles Hugh Smith
Post Date: 2023-07-22 01:59:03 by Charles_Byrd
Views: 1948

Longtime correspondent Ishabaka recently shared key takeaways from a classic on-the-ground account of The Great Depression in the U.S.:, The Great Depression, a Diary.

Another reader reminded me that The Great Depression was global, and occurred earlier that 1929 in other nations and had equally (or even more) calamitous consequences elsewhere. That said, humans are running Wetware 1.0 everywhere, so it's likely that many of these lessons are applicable to the collapse of speculative asset bubbles in other economies and eras-- for instance, the global economy's Everything Bubble of 2023.

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#1: Vicomte13    To: Charles_Byrd (#0)

Lessons from the Great Depression: in times of dire crisis, only the government is big enough to hold everything together and bring the country out of it. FDR was right.

Vicomte13 posted on 2023-07-23 13:18:32   Reply   Private Reply

#2: watchman    To: Vicomte13 (#1)

only the government is big enough to hold everything together

I wish I could be as naive as you pretend to be...

Nothing about the Great Depression will resemble the zombie apocalypse coming our way very soon.

I hope you have an exit strategy. Perhaps a quiet little town in Ukraine would be worth looking into...

watchman posted on 2023-07-23 15:38:21   Reply   Private Reply

#3: watchman    To: Vicomte13 (#2)

I looked into it, Vic. The girl doesn't come with the house.

You'll have to bring your own...

watchman posted on 2023-07-23 16:39:19   Reply   Private Reply

#4: Vicomte13    To: watchman (#3)

Lots of girls available cheap in Ukraine. You can have your morning girl, your noon girl, your evening girls, your shower girl...

Vicomte13 posted on 2023-07-24 14:27:00   Reply   Private Reply