Recession or Depression?

[weatherboi]

hey everybody!!!
great thread!!

long story short

i own a buisness i bought back in 2005
i was doing great up until the bailout of October 2008
then the consumer panic button went off and the service industry took a turn
i have been fighting this recession for almost 2 years now and i am running out of cash to keep it afloat *shrugs*
my life is too short to keep swinging

are we in a recession or a depression??
i think we are in a recession heading towards a depression...why??

because i think wall street's greedy philosophy is partly to blame...i read an article a few years back that explains it fairly well...i am gonna go find it

do i think it is gonna happen in 2011?? i dunno
what i do know is that we will continue to be told "it is gonna turn around soon", but I don't see it.

here is the article *this is not the only one i based my thoughts on*
http://www.marketwatch.com/story/wel...ression-2-2011

i am all about SLOW MONEY Capitalism/Natural/Nuture capitalism
i feel it is a start

[Apocalipstic]

I am lucky, I have a job, but my G/F lost her job with General Motors. She is back in school and I am paying the bills. We are making it work and I feel very lucky to live in an area not as heavily hit as many others.

Luckily, I have some money in the bank or we would be mega screwed.

[Ldyluck88]

Originally Posted by weatherboi

hey everybody!!!
great thread!!

long story short

i own a buisness i bought back in 2005
i was doing great up until the bailout of October 2008
then the consumer panic button went off and the service industry took a turn
i have been fighting this recession for almost 2 years now and i am running out of cash to keep it afloat *shrugs*
my life is too short to keep swinging

are we in a recession or a depression??
i think we are in a recession heading towards a depression...why??

because i think wall street's greedy philosophy is partly to blame...i read an article a few years back that explains it fairly well...i am gonna go find it

do i think it is gonna happen in 2011?? i dunno
what i do know is that we will continue to be told "it is gonna turn around soon", but I don't see it.

here is the article *this is not the only one i based my thoughts on*
http://www.marketwatch.com/story/wel...ression-2-2011

i am all about SLOW MONEY Capitalism/Natural/Nuture capitalism
i feel it is a start

Originally Posted by apocalipstic

I am lucky, I have a job, but my G/F lost her job with General Motors. She is back in school and I am paying the bills. We are making it work and I feel very lucky to live in an area not as heavily hit as many others.

Luckily, I have some money in the bank or we would be mega screwed.

I hear ya weatherboi..we keep hearing that it's "turning around" but all I hear about is more people losing their jobs or home!! ugh I hope things turn around for you and everyone!! Thanks for sharing your story.

Apocalipstic..I'm happy you and your g/f are making it. Sorry to hear your g/f lost her job and hope she finds one again. I wish you both good luck!
Thanks for sharing.

[Daywalker]

Gonna share a quote:


"...sometimes it seems our Gov't tries to 'help out' the Middle Class, but then
the results are...less and less Middle Class folks to help out. Perhaps focusing
on the folks caught up in the Poverty level would be the better approach,
then there could be less and less folks...living in Poverty" ~ Sir Day Walker

[Ldyluck88]

I was just checking out the Employment website and this is what they said:

As of March 19, 2010, approximately 3,300 individuals in California have run out of all available benefits and EDD estimates a total of 100,000 to 130,000 unemployed workers could run out of all benefits in the next few weeks.

With all these peope being unemployed, I hope someone comes up with a scathingly brilliant idea to get the nation back on track!

[Linus]

Eep.. And we're about to move to California this summer. K will be looking for work in the social work field and has connections so we're hopeful for that. I'm lucky because my work can be pretty much done from anywhere (and the company is going full steam ahead with a work visa). I know some might view me as taking a job away from someone else; the reality is, however, that I'm pretty specialized in my knowledge and skills so puts me in a bit of a unique situation.

That said, I'm leaning towards more of a split: some areas are in a recession while others depression (e.g., Michigan and California have both been suffering extensively for a while now, especially Michigan). I think more support for the smaller businesses (traditionally the backbone of any nation and the driving force behind pushing recession/depressions away) would go a long way, regardless of where in the country someone is. The past is what put us here but we need to move beyond that and find ways -- if necessary -- on our own to support ourselves and get beyond where the world is now. Kiva is one and I'm sure there are others as well.

What small business ideas can we toss around to help each other get on our feet using skills we have?

[Sachita]

Originally Posted by Linus

What small business ideas can we toss around to help each other get on our feet using skills we have?

you should network, pull together where each person has a skill set. One person does bees, another hens, another goats for cheese, some grow, some work, some build, Just like communities did way back in the old days.

One little seed can go on and on. I'm still eating tomatoes from seeds I planted years ago. Amazing isnt it?

[Sachita]

Thankfully I own part of my land free and clear. I did this in the beginning, refinancing the mortgage on the house and a few acres leaving me lots free and clear. You never really know what's going in the world today and the trends are all over the place often crumbling.

I have fantasies all the time about living with no impact. No electric, simple, free, grow my own food and completely sustain. I play it out in my head all the time. How could I live happy with very little? Is my health good enough to make it? If not what do I need to do to make it so?

I have this wild hair up my ass. I work three times harder to make less. Sometimes I feel like a hamster on one of those wheels going around and around. It's just fucking insane and I've decided that come hell or high water I'm going to do something about it. I just cant wait for the government or anyone else to make me happy or take care of me. Screw 401K, putting money in banks (if you have it) and screw SS. I'd rather be spending my money on learning how to escape it all, sit by the creek, ponder, connect with the earth and watch the rest of it go by. What would it really take? what do you really need? Could you do it if you had to? I mean live as people did 100 years ago.

[Sachita]

lol- oh this is for Bit- No stinking toilet paper! lol I know you'll remember some of the post we shared about survival.

[Linus]

Originally Posted by Sachita

Thankfully I own part of my land free and clear. I did this in the beginning, refinancing the mortgage on the house and a few acres leaving me lots free and clear. You never really know what's going in the world today and the trends are all over the place often crumbling.

I have fantasies all the time about living with no impact. No electric, simple, free, grow my own food and completely sustain. I play it out in my head all the time. How could I live happy with very little? Is my health good enough to make it? If not what do I need to do to make it so?

I have this wild hair up my ass. I work three times harder to make less. Sometimes I feel like a hamster on one of those wheels going around and around. It's just fucking insane and I've decided that come hell or high water I'm going to do something about it. I just cant wait for the government or anyone else to make me happy or take care of me. Screw 401K, putting money in banks (if you have it) and screw SS. I'd rather be spending my money on learning how to escape it all, sit by the creek, ponder, connect with the earth and watch the rest of it go by. What would it really take? what do you really need? Could you do it if you had to? I mean live as people did 100 years ago.

That's actually a similar goal as me. I want to get both a wind turbine and solar panels. I want no debt, one credit card (with $700 limit for emergency and limited online purchase), and land. I want to grow veggies and fruit to live off of and trade my skills with someone to get other things (barter system is an awesome way to go).