Depression?

Discussion in 'The Chatter Box' started by Sonrise Farm, Oct 10, 2008.

  1. Depression

    0 vote(s)
    0.0%
  2. It'll blow over

    100.0%
  1. Sonrise Farm

    Sonrise Farm New Member

    Sep 18, 2008
    Southwick, Idaho
    I was just wondering how many of you think the economy is heading for another depression, with the Dow Jones dropping 600 points everyday . . . you don't have to post a comment . . . and if the moderators think this post is not appropriate for some reason they may erase it at any time . . . :)
     
  2. Di

    Di Crazy Goat Lady

    Jan 29, 2008
    central PA
    Well, first off, I have to admit I'm an optimist. But, I'm also a realist and that makes me worry about the future. They say that the difference between depression/recession depends on if you have a job or not. Since Hubby's regular job is to provide dental services for the "community health center", his job is not in jeopardy. But, we just bought a small dental office, so we could suffer a little there. Hard to tell though. Our prices can be lower then the BIG Beautiful offices, so that may help. But, we'd like to upgrade our chairs, x-rays etc. (For instance: a good new chair and delivery system runs around 12,000., a panoramic x-ray would run around 25-30,000.) But, we have to have these items, so there we are between a "rock and a hard place".

    What I'm really worried about is if we keep re-electing the yahoo's that are responsible for this mess...Chris Dodd, Barney Frank, etc., They are trying to make this a socialist country, I'm afraid they just might have made it happen.
     

  3. Muddy Creek Farm

    Muddy Creek Farm New Member

    Oct 5, 2007
    Keokuk, Iowa
    My parents think we should stock up on food and stuff, so that's a bit scary. We are preparing for the worst I guess :(
     
  4. capriola-nd

    capriola-nd New Member

    Jul 6, 2008
    Northwest Oregon
    We have always had stuff set aside for emergencies, flashlights, candle, canned foods, etc. We just bought two rainbarrels for the goat's water supply.
    My dad has been getting fewer calls for work. . . . so we are being extra careful with money.
     
  5. Sonrise Farm

    Sonrise Farm New Member

    Sep 18, 2008
    Southwick, Idaho
    Well, we just built a 2 story mansion to sell . . .and with all that's going on, selling it isn't likely. My Dad's thinking about withdawing all his money from the bank . . . i think we're in for the worst right now . . . I have had people trying to give me their ten thousand dollar horses . . .right now the ranches around our place are trying to hold out . . .I'm afraid people are going to start either 'letting loose' the livestock they can't sell or shooting them. I think we're in for a long hard depression. . .
     
  6. heathersboers

    heathersboers New Member

    629
    Sep 5, 2008
    Wilson N.C.
    I think we are going to go into a depression- Oil is down to $48 a barrel, but the gas stations are getting richer and richer-food and commodities are going up-I have heard that gas in a few other states is $2.30 a gallon and it is $3.49 here in wilson nc.-when you can find gas!!! If something doesn't happen quick- a chain reaction is going to happen-I sell auto parts, but if people can't afford to go to work, they can't afford gas, they quit driving, nothing happens to their car.... we sell no parts, same thing with daycare, or anything else. Someone needs to step in and help - If it doesn't change in a few months-we will have to sell out!!! People can hardly afford to pay bills-let alone buy a goat-help us SOMEONE!!! this economy is heading down the drain----
     
  7. goatnutty

    goatnutty Active Member

    Oct 9, 2007
    South East,IN
    I really think it revolves around a lot of things. If prices on everything continue to go up then Depression here we come! If the prices go down a ways them the economy will start going again. The main contries we get our oil from in the middle east didn't realize that hurting the U.S. would affect the entire worlds economy like it did so that is why things are starting to go down but that needs to continue. I think the presidential election will have some impact but not a lot at the rate things are going.So IMO that is whats happening please don't take offense if you disagree. :shrug:
     
  8. Di

    Di Crazy Goat Lady

    Jan 29, 2008
    central PA
    I bought a gallon of milk $3.19 (was 3.70), gas was also down to 3.19. Housing is going to suffer...but the prices were artificially inflated...so that's to be expected. If people panic and pull their money out of the banks it's just going to make it worse. It doesn't hurt to stock up though...I'm going to purchase some canned veggys etc...I've heard that you should purchase extra shoes, stuff like that, especially if you've got growing children.
     
  9. enjoytheride

    enjoytheride New Member

    Oct 5, 2007
    Humboldt Co Ca
    It's hard not to worry when the news is full of doomsday reporting but it needs to be remembered that the people making extreme statements are people who live and breathe money- making it, spending it and having more than anyone else. They have no idea that chickens produce eggs or how to milk a goat or garden or anything.
    I think now is a time to be cautious about spending- being prepared as well as is reasonable to deal with the fall out. But we don't live in the same world as in the Great Depression. There was no Social Security, welfare, food stamps, fdic insurance on bank depostis, etc. Not that really bad things won't happen but there are a lot of road blocks to halt the fall along the way.
    Not being able to borrow so much as has been available in the last few years will take some adjusting but is probably a good thing in the end- that is one of the things making prices go up out of all reason.
    I just hope that the Government doesn't do something really stupid like start printing lots of extra money. But even that will not make chickens stop laying eggs.......
     
  10. PiccoloGoat

    PiccoloGoat goat girl x0x0

    Sep 10, 2008
    Australia
    My theory on this is..
    For shop keepers and petrol station peoples
    Put down the prices. They might suffer a bit for a while but it could help the whole economy? Right?
    Maybe they will realise that once the price goes down, people buy more and the pressure eases
     
  11. heathersboers

    heathersboers New Member

    629
    Sep 5, 2008
    Wilson N.C.
    I think they should lower gas too- But what bothers me is next July-minimum wage is going up to $7.25-sounds good, but all that will do is make the cost of living go up even more. Yes you get more money, but then the price of food and everything else goes up with it.
     
  12. rebelshope

    rebelshope New Member

    908
    Sep 20, 2008
    Wisconsin
    One of things to remember is that when we went into the last depression, there was not all the agencies that we have now to help people out. During the 20's people pulled their money out of the banks because the banks were not insured (FDIC) like they are now, so it is really rather silly to pull your money out of the banks. The bank are FDIC now because of what happened during the crash. There was also the dust bowl that hurt the farmers so much in the 20's, costing people their farms, and added to the difficulties of getting food. Now all the rain in the midwest didn't help them this year, but the corn crop was not as bad as it predicted to be. It definitely was not as bad as the dust bowl.

    On the other hand. I have already thought about saving some chicks and kids for meat next year. I have seeds left over from this past year so I can plant a garden and have meat and milk. I think it would be very wise when buying Christmas gifts this year to think handmade or locally bought. If you are not helping to support your local business who is? If nobody is - those small business will go out of business, which is not going to help those people who own them.
     
  13. Di

    Di Crazy Goat Lady

    Jan 29, 2008
    central PA
    Take it easy on the "gas station owners", their "mark-up" is only a few cents per gallon. They make most of their money on the "other stuff" like selling water for $1.29/bottle. I don't know how many "poor" folks I know that buy "iced tea" in bottles, or Starbucks coffee every day. But please! You can make a cup of tea in a microwave in 2 minutes and pour it into a bottle (I use the gator aide bottles my hubby likes, easy to get ice into) for a nickel! I'm sure our parents would just "puke" to hear us talking about a "depression"! The REAL depression split up families...imagine having to send your children to other family members, my mother went to live with her uncle and aunt in Washington D.C., he worked for the government (nobody gets laid off there). For 2 years!

    We will get through this, and it will get worse before it gets better, WE ARE AMERICANS! And, by the time I actually got gas, it had gone down to $2.99/gallon! It was almost like the "good old days".
     
  14. rebelshope

    rebelshope New Member

    908
    Sep 20, 2008
    Wisconsin
    I do agree Di, there are SO many way we can save money- and be better for the environment too. Bottled water is just tap water, buy one bottle and use that over and over refilled from your own tap.

    Make trips count, plan when you go to the store and buy everything at one time. I don't know how many times I used to run to the store get home and find I was missing something and run back. Now I plan and I try to do more things when I go to work. Either before or after I stop and pick up things.

    Everyone can have a small garden and grow some veggies. Even a container on your back porch!

    I am amazed at how many times I see good things thrown out when they can be be fixed easily, or going out and buying expensive equipment when with a little thinking you can reuse stuff that is already in your own home.

    Prepackaged food is expensive and wasteful. It takes a lot of processing and materials to make. Buy carrots and put them in reusable baggies instead of buying them that way. Precut food, come on, it is not hard to cut an apple.

    Okay stepping off soap box now :)
     
  15. FunnyRiverFarm

    FunnyRiverFarm New Member

    Sep 13, 2008
    Hudson, MI
    I am definitely interested in becoming as self-sufficient as possible...I think that there are going to be some very tough times ahead...and I'm not just talking about the near future and all the "next great depression" stuff that's going around. What worries me is the fact that we are running out of oil. Oil is going to be gone...and a lot sooner than we are being led to believe. We are not going to be able to come up with new technology and energy sources fast enough to replace oil. Oil is a very cheap and dense source of energy...there is nothing else that even comes close to being able to produce the amount of energy per ounce that oil does. The world cannot support as many people as there are today without oil, let alone how people there will be 30 years from now. What I'm saying is that there could quite possible be worldwide famine...marshal law will be declared and life as we know it will be completely changed...for those who survive. I know this may sound extreme, but I think it's something everyone should think about as a possibility.
     
  16. Di

    Di Crazy Goat Lady

    Jan 29, 2008
    central PA
    Ok, now I don't think I agree with the "running out of oil" thing. I don't think anyone is suggesting that, I've heard there is still 100+ years left, and that's not counting the stuff that's harder to get to. I agree we should conserve, but I'm not for mandating it. For instance, we have 3 vehicles, 2 suv's and a Ford Sport-truck, not high mileage vehicles, but, Hubby drives about 10 miles/day x 3 days to work, and then our little office is only 2 miles. I go out for groceries and animal feed, but, we don't drive that many miles. We thought about trading one of the suv's for a Prius, or similar. But, it's just not cost effective, considering the amount of driving we do. And when we do go on a trip, we want to be comfortable, and SAFE.

    We are looking into some solar power though, we decided to take the money we'd spend on a vehicle and put it into something that would really save us, improving our home heating situation.
     
  17. FunnyRiverFarm

    FunnyRiverFarm New Member

    Sep 13, 2008
    Hudson, MI
    The most optimistic prediction that I've heard is that oil production may not peak until 2035. Personally, I think we're much closer to peaking than that. I know that "peaking" does not mean "running out" but it might as well for the majority of us. I would not be suprised if, in as little as 15-20 years, the average person won't be able to afford buy oil based products. Demand is rising and we've already used a lot of the stuff that's easy to get to. It doesn't matter that it's there if it can't be refined fast enough to keep up with the demand (and it can't--even with new refineries opening up daily in China). When I started driving (8 years ago) gas was only abut $1.00 a gallon. Now it's at least 3x that in most places and has been more.

    And I won't even mention the impact that deep drilling has on the environment.

    Di, you are very lucky that your family doesn't have a long commute to work and the grocery store. A lot people are not that lucky.

    I think solar power would be a great investment--I have been looking into that as well...
     
  18. StaceyRosado

    StaceyRosado Administrator Staff Member Supporting Member

    Oct 4, 2007
    NJ
    WE are NOWHERE near running out of oil. That is a scare tactic that people use to promote alternative energy.

    There are so many places in the world that have oil available we just need to tap into it. But the environmentalist are holding us back. THe dangers to carabu in Alaska is NON EXISTANT since they do not even travel in the area that is being discussed to drill in! it is crazy how people like to distort the truth to promote their agenda.
     
  19. Sonrise Farm

    Sonrise Farm New Member

    Sep 18, 2008
    Southwick, Idaho
    we need to get a poor man into the white house . . .I think that would change things alot. These richaholics who keep getting to be president have no idea about the struggles to just make it by. They don't really care about how you feel---- like with this 7 billion dollor bail out plan---- Bush says he'll give it all back . . . but they won't. If presidents like Bush and Clinton keep getting into the white house, the middle class and work class Americans are going to suffer. (I am not meaning to offend anyone, but this is my opinion. Please don't comment a retaliation if you feel angry.) :)
     
  20. StaceyRosado

    StaceyRosado Administrator Staff Member Supporting Member

    Oct 4, 2007
    NJ
    unfortunatly only "rich" people make it in the higher up politics. :shrug: