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Coffee Shop
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<blockquote data-quote="hurleyjd" data-source="post: 1537633" data-attributes="member: 4674"><p>It has been 90 years since the start of the great depression in 1929. There are some parallels to the United States now as there was then. My question to every one is how do you insulate your financial life from a depression. Not bragging here I have no debt. About half of mine and my wife's income is from pensions and social security. This could all go away pretty quick if the economy failed. Also investments that produce income could go away. Cow prices could drop drastically. Land taxes would be hard to meet even with a little income. A lot of the cost of doing business would be much greater. Could you keep up with the utility bills for the energy we depend on for our every day living. Should anyone have a bundle of cash on hand that you could get to very readily. How much land would you need to support yourself and would you be physically able to tend to it. Do you have enough canned goods and staples on hand to go a year. Or until the next growing season. Would you invest in gold. Would any one be willing to swap you ten laying hens for some gold. What value would gold really have. Anyway before 1929 every one thought the gravy train would not end. During the presidential campaign of 1928, a circular published by the Republican Party claimed that if Herbert Hoover won there would be "a chicken in every pot and a car in every garage." ... With the Depression at its lowest point, voters elected Franklin D. Roosevelt to replace Hoover in 1932. I hope this last post does not get this deleted. Just reporting history here.</p></blockquote><p></p>
[QUOTE="hurleyjd, post: 1537633, member: 4674"] It has been 90 years since the start of the great depression in 1929. There are some parallels to the United States now as there was then. My question to every one is how do you insulate your financial life from a depression. Not bragging here I have no debt. About half of mine and my wife's income is from pensions and social security. This could all go away pretty quick if the economy failed. Also investments that produce income could go away. Cow prices could drop drastically. Land taxes would be hard to meet even with a little income. A lot of the cost of doing business would be much greater. Could you keep up with the utility bills for the energy we depend on for our every day living. Should anyone have a bundle of cash on hand that you could get to very readily. How much land would you need to support yourself and would you be physically able to tend to it. Do you have enough canned goods and staples on hand to go a year. Or until the next growing season. Would you invest in gold. Would any one be willing to swap you ten laying hens for some gold. What value would gold really have. Anyway before 1929 every one thought the gravy train would not end. During the presidential campaign of 1928, a circular published by the Republican Party claimed that if Herbert Hoover won there would be “a chicken in every pot and a car in every garage.“ ... With the Depression at its lowest point, voters elected Franklin D. Roosevelt to replace Hoover in 1932. I hope this last post does not get this deleted. Just reporting history here. [/QUOTE]
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