Economy woes

[brushhog]

Originally Posted by WTL

Want a history lesson?

OK, 1930s. Yes. Thats what it could be like.

Only dont envision 1930s America under Roosevelt.

I am talking closer to 1930s and especially 20s Germany.

WTL - your handle should be the professor! I did a little quick reading to check the parallels you were drawing between 20's Germany and USA today. I read one paragraph (see below)... BAM! WTL strikes again. Great point.
"In regards to the German economy in the 20's - At first Germany tried to recover from the first world war by way of social spending. Germany began creating transportation projects, modernization of power plants and gas works. These were all used to battle the increasing unemployment rate. Social spending was rising at an unbelievable rate. In 1913 the government was spending approximately 20.5 per resident; by 1925 it had risen to almost 65 marks per resident and finally in 1929 it reached over one hundred marks per resident. The elevating amounts of money which were used for social spending combined with plummeting revenues caused continuing deficits."

[MississippiBoy]

What's the quote? "Those who don't learn from history are doomed to repeat it."
That's probably a close paraphrase, not the actual words, but you get the idea.

[bamabassman]

right on daniel. right on bro. things are gonna get real nasty in a couple of years i think. get ready gang. stock up on EVERYTHING.

[MallenManson]

Originally Posted by Bubba_Bruiser

Sorry about that dude.

I was only kiddin Bubba. I read the whole thing