Are we in the beginning of the next Great Depression?

Ralphy1

Ralphy1

Well-known Member
It just could be according to some economist types. One big reason is you. Yes, the aging of so many populations who no longer work, consume, and pay taxes are straining governments to and thru the limits. Sorry, seniors, but you should probably check out now for the benefit of your children and grandchildren...
 

Which means that you might be around when the full impact is felt and I am glad that I won't be around to see your end in some warehouse for the elderly. Yours will be an ignominious ending....
 

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Ralphy.... We MAY very well be in the beginning of another Great Recession... but not for the reasons you outlined. It's NOT the aging seniors that are consuming less that will cause it.. but the relentless flow of wealth up to the top 1%, leaving very little disposable income for everyone else.. Unfettered Capitalism is in the final throws of cannibalizing itself. Profit for profit sake.. and profit at all costs has robbed consumers of income and buying power. When all the money is shifted to the top, who will be left to consume the goods and services to enable more profit? Time to take a look at the rigged system and vote out it's puppets.. Bernie Sanders has a good strong message in that regard.. people better heed it..
 
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In the event of a depression I will just have to build a chook yard and plant a bigger veggie garden.
Then I'll get the sewing machine serviced and advertise myself as a maths coach.

I'll be fine.

Don't you have any skills to fall back on, Ralphy?
 
Bernie is burned toast. The rest, including Hillary, are hopelessly in bed with big money, whatever fom it takes. Not to mention anyone with assets hiding them from the government and letting others pay for their nursing home care. Prepare to warehoused...
 
Ralphy1 said:
Bernie is burned toast. The rest, including Hillary, are hopelessly in bed with big money, whatever fom it takes. Not to mention anyone with assets hiding them from the government and letting others pay for their nursing home care. Prepare to warehoused...
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This is not about Bernie... but his message... I think you are blaming the wrong people... It's not the Seniors.. they are the victims.. It's the Uber wealthy.. and Corporations hiding VAST amounts in overseas shelters... Not grandma putting her house in a trust.
 
It is all of those things but granny is equally to blame, and she may pay the price when it comes to her nursing home care as she might be left in a bed or strapped in a chair all day while her kids or grandkids buy a new car and take a cruise...
 
Stop? Everybody I Knowh is doing this and some poor person cleaning toilets at the mall will pay for granny. It is wrong and you are probably guilty of it...
 
Too many of us have our heads in the sand, and I am putting it gently, when it oomes to this matter. The bulge of aging baby boomers has reached the point of ten thousand a day turning sixty-five and they are breaking a system that was already teetering...
 
It is the tax rules that are causing much of our problems. It is easy for persons and businesses to hide their incomes away from the US tax situation. That needs some looking into no matter who, politically, is in charge. Something that we can not change as most people want more in wages so they can pay more for food and items. Hard to get better wages and for the companies to make profits when competing countries will build our stuff so much cheaper and ship them to the US. Some how that needs to be changed so our production can be brought home again.

Plenty of things need fixed and it is not just the one party to do it. Both sides need to sit together and work to end the problem. It seems to be better this last year and next year with a new President, either side, it will look better yet.
 
Not worried and a big thanks to Bill Clintons years as POTUS and the stocks going thru the roof, they can keep my s.s. check and Ill still be OK. I did all my homework, for the future, while in the workforce and it is now paying off.
 
Ralphy I love ya like a brother from another mother, but sometimes your posts just don't inspire me to the greatness I still hope to achieve. Lighten up.
 
Don't count on your stocks holding up in the long term and the chances of the parties getting together are zero to none. Better have fun before the country is done with granny leading the way by not paying for her own care; she is symbolic of everybody taking care of their own and screwing someone else...
 
Ralphy... there are so many rules in place to prevent granny from doing what you are saying.. It's just not that easy to transfer all your assets with the intention of screwing the system.. It really isn't... read my link.. Not only must it be done at least 5 years before entering the nursing home.. it must be for fair market value.. not one penny less.. which would leave junior on the hook for lots of taxes and capital gain.

As the others have said.. lighten up... you have not uncovered the answer to the county's fiscal problems.
 
Nobody wants to hear it but I am willing to bet that probably everyone here is hiding assets, and those chickens will becoming home to roost shortly. With so many people living longer the Alzheimer's cases will break the bank shortly, let alone those just to feeble to care for themselves. Sorry to take some of the ring out of your silver bells and it is still too soon for the eggnog,or maybe it isn't...
 

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