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January 18, 2007

Great Depression Theedux

A while ago, I examined a paragraph from a textbook describing events leading up to the Great Depression in the U.S. during the 1930's, and compared the description with modern events. Compared it "favorably," I guess I should say, though I wasn't in favor of the implications.

It appears I'm not the only one drawing such parallels (from a link from itulip.com);

"Impact phase of the Global Systemic Crisis: Six aspects of America's 'Very Great Depression'"

I've said it before, and I'll say it again; "Great!" <-- Sarcasm.

Now my only question is, what the heck is "GEAB, LEAP/Europe 2020," the publisher of the above article? I mean, yes I can read and can see what the acronyms mean, but... You know, what is it exactly? <-- Slightly rhetorical question.

Also, while I'm over here riffing on global economic meltdowns and systemic crises; does anyone have advice on how to get our cats to use their cardboard scratching box instead of the sofa? Is it worth investing in an honest-to-goodness scratching post instead? <-- Not even slightly rhetorical question.

3 Comments

GRAB/LEAP is a cat organization dedicated to total global destruction. It can be foiled by importing a kitten that will (child-like) immediately see the use for the toy, begin ripping it to ribbons and make the other cats jealous. They will then begin to use the scratching box too. >well, it worked for me...problem is, you are then stuck with the many-clawed kitten.
It is a good idea tho to begin problem solving at home and move on to the global solutions cautiously. I'd begin by taking all my cash out of banks and hiding it in the scratching box where it will be safe from harm until the kitten arrives.

Okay, so, Mom is suggesting we obtain a 3rd cat. Hmm... Our apartment is not exactly tiny, but I'm not sure it would support another (claw-enabled) lifeform at this time.

Re: Investing / Cash hoarding; IMHO there are real problems with the "Where do I put my money" question at the moment. Cash, stocks, gold, real estate, bonds... All have big problems looming on the near horizon. My retirement account is currently in "international" markets - even if worldwide markets are driven down by the impact of a tanking U.S. economy, you can still say foreign dollars will retain more value than U.S. dollars, right? Right? Okay, so, Mom is suggesting we obtain a 3rd cat. Hmm... Our apartment is not exactly tiny, but I'm not sure it would support another (claw-enabled) lifeform at this time.

Re: Investing / Cash hoarding; IMHO there are real problems with the "Where do I put my money" question at the moment. Cash, stocks, gold, real estate, bonds... All have big problems looming on the near horizon. My retirement account is currently in "international" markets - even if worldwide markets are driven down by the impact of a tanking U.S. economy, you can still say foreign dollars will retain more value than U.S. dollars, right? Right?

After you save up enough dollars you buy GOLD, silly. Of course the price is highest ever, but its better than those wheelbarrows. I knew someone who lived through that in the 1920s-there was a picture in the Cologne (Germany) newspaper of a man with that wheelbarrow going to the tabac to buy a pack of cigarettes.