Deflation followed by hyperinflation?

[Wifezilla]

enjoy the ride, I agree to a point...

But knowing what COULD happen and taking no steps to prepare in case is just foolish. Think that is what CJ and I are noticing.

I remember the 70's...the high unemployment...my parents being laid off...the gas lines...meat being a luxury...
All that was NOTHING compared to what my MIL went through in post war Germany.

There is a big difference between borrowing trouble and burying your head in the sand. Maybe I am just surrounded by ostriches

 

[FarmerChick]

ETR is right. Worry a bit, plan a bit, but don't go overboard. Yup, hard times are coming and I am preparing in the usual way.....but to have it overtake your life and mind is not a good thing to do. Life is to be lived now, not over planning for a future you may not have.

Keep it all in perspective. Balance is key to life. Be in the moment but be in the future a little also.

 

[Homesteadmom]

Sounds like a great place to live, good for you! I also like the fact that you're a fair piece away from Phoenix. I want to get farther away from major metro areas.

WE like that aspect as well. It is about a 4 1/2 hr drive from here if we are not towing the boat, otherwise it is a 5 hr drive. There are other lakes around there too, but they are a little further drive. One of the things i would love to be up there before any more bad terrorist things happen is because we have a nuclear power plant the other side of Phx!! Worse case scenario if we can do it is load everything up we can & animals too & head up north to live off the land up there. It would be crowded in a small travel trailer with 2 children but we would be okay, we have some panels up there we could use to add on to the trailer with.

 

[CJHames]

But I have seen worse- stagflation, Saving and Loan debacle, civil riots, student bombings and school closures, the Bomb scares, bay of pigs invasion and missile standoff (and I was on a Floride military base at the time,) communist riots and misc stock market falls, food doubling in price especially meat in a few months , the Iranian Hostage situation and gas shortages, the creation of the Rust Belt (now that was a lot of lost jobs,)etc.

My parents went through the Spanish Flu epidemic, the stock market crash of 1929 and the Great Depression- my father was in Europe throughout WWII and was on the boat heading to Japan when the bombs were dropped- he was off for a few years then got sent to Korea- after that all the above things plus more that I can't remember.............

The first car loan I ever got was 17% and that was not considered bad.

So worry a bit but no one knows what is going to happen- two years in the future it may be a memory or we could be struggling for 10 or 20. But don't borrow trouble, it will find you all when it needs to.

I hear you and agree with you to a point also. I struggle with "hyping" our problems. If we dwell on them incessantly, do we turn them into a self-fulfilling prophecy? OTH, to ignore the potential of this crisis would not be prudent.

I was looking at the total cost to the gov't for the S & L crisis. It was about $110 billion. 2,300 S & L's went down and it cost $110 billion! Seems like chump change now. We're going to spend five times that on AIG alone before it's all said and done (they have $382 billion in charges coming to them in the next 12 mos that we will have to deal with).

Our debt is going to kill us.

 

[enjoy the ride]

Actually I do spend some time worring about really bad things- like if I can't get hay, how do I feed the animals. I can see myself becoming a goat herder in the middle of the redwoods.
And I have no problems with hearing other people's plans for possible bad things.
But I do think that constant dwelling on the worse possible scenarios, or the even most unpleasant "I will survive what's coming because I have more ammo than you fools" increases the stress and anxiety at a time when it is already bad. I can remember how depressed I got watching the 911 stuff on TV again and again. Eventually I made myself stop altogether as it was so damaging.
Offering solutions for possible bad things is uplifting while going over and over the worse possible thing that may happen can cause people to become emotionally paralyzed. Or at least this person-

 

[donnaIL]

I think it's a great idea to e prepared. If we go into a depression, what happens if you still have a mortgage? I'm pretty sure the bank will kick you out. So what do people do that have a mortgage?

At some point if we do sink into a depression, I'm not sure they will forclose on that many properties. My grandmother who was in her teens during the great depression said that in those times the bank let people pay what they could. They couldn't very well kick everyone out of their homes.

She was fortunate, her father owned the country store and so they had food and means. They had chickens, a dairy cow and grew a garden.

Working at a Senior Apartment for many years I met several who survived the depression and many with out aid (it was a real stigma to ask for help then). If you had a skill you were likely to do okay. One lady I remember her husband made money repairing sewing machines.

 

[CJHames]

I think it's a great idea to e prepared. If we go into a depression, what happens if you still have a mortgage? I'm pretty sure the bank will kick you out. So what do people do that have a mortgage?

At some point if we do sink into a depression, I'm not sure they will forclose on that many properties. My grandmother who was in her teens during the great depression said that in those times the bank let people pay what they could. They couldn't very well kick everyone out of their homes.

She was fortunate, her father owned the country store and so they had food and means. They had chickens, a dairy cow and grew a garden.

Working at a Senior Apartment for many years I met several who survived the depression and many with out aid (it was a real stigma to ask for help then). If you had a skill you were likely to do okay. One lady I remember her husband made money repairing sewing machines.

That's true. At the height of TGD 60% of people still had jobs, so if we all could learn to "make do" with about 30% less no one would starve to death. That's one meal a day. Lord knows I could make do with two meals a day and give one to someone else.

Banks are already starting to rent out foreclosed homes to folks so they don't have to be displaced. And it's not like they can sell them now (in many areas) anyway.

 

[FarmerChick]

Actually I do spend some time worring about really bad things- like if I can't get hay, how do I feed the animals. I can see myself becoming a goat herder in the middle of the redwoods.
And I have no problems with hearing other people's plans for possible bad things.
But I do think that constant dwelling on the worse possible scenarios, or the even most unpleasant "I will survive what's coming because I have more ammo than you fools" increases the stress and anxiety at a time when it is already bad. I can remember how depressed I got watching the 911 stuff on TV again and again. Eventually I made myself stop altogether as it was so damaging.
Offering solutions for possible bad things is uplifting while going over and over the worse possible thing that may happen can cause people to become emotionally paralyzed. Or at least this person-

I truly see your point. I am the same way. I also get emotional overkill to see the bad and hear the bad over and over. It wears me down and I won't allow it. Personality for me I guess. I do need to focus on the good in life more. I have too......
I have stopped watching the news at 11. I can't stand seeing the negative before bed. What little I catch is like the noon broadcast or what is said on the radio while driving. I need to attract the happy stuff. I can't deal with too much doom at all.

 

[Homesteadmom]

Actually I do spend some time worring about really bad things- like if I can't get hay, how do I feed the animals. I can see myself becoming a goat herder in the middle of the redwoods.
And I have no problems with hearing other people's plans for possible bad things.
But I do think that constant dwelling on the worse possible scenarios, or the even most unpleasant "I will survive what's coming because I have more ammo than you fools" increases the stress and anxiety at a time when it is already bad. I can remember how depressed I got watching the 911 stuff on TV again and again. Eventually I made myself stop altogether as it was so damaging.
Offering solutions for possible bad things is uplifting while going over and over the worse possible thing that may happen can cause people to become emotionally paralyzed. Or at least this person-

I truly see your point. I am the same way. I also get emotional overkill to see the bad and hear the bad over and over. It wears me down and I won't allow it. Personality for me I guess. I do need to focus on the good in life more. I have too......
I have stopped watching the news at 11. I can't stand seeing the negative before bed. What little I catch is like the noon broadcast or what is said on the radio while driving. I need to attract the happy stuff. I can't deal with too much doom at all.

That is one of the reasons I like to watch Fox news channel, Bill O'Rielly, Hannity, Beck, etc.. they put humor in their shows along with the actual news, no sugar coating for these guys.

 

[SKR8PN]

We watch ZERO news on the TV, and only believe about .005% of what we read. I get my news and info from "the net"
It's real and it's uncensored for the most part.
As for the Doom and Gloom thing? I like to think the wife and I are smart enough to read into what is actually happening and what is being fed to us....and I can promise you this...if Uncle says we gotta be injected with ANYTHING, you can bet your sweet keister I'll be doing my darnedest to be the "last one". Every one else can be the guinea pigs!