In order to really create wealth you need to create something.
Manufacturing, Farming, Mining, Energy production, Intellectual property
Now the US has and is continuing to lose manufacturing. One of the iron mines in my area was sold to a Japanese company. And it’s cheaper to hire talented engineers from other countries as tele-presence and virtual conferences make it easier to work from anywhere.
I personally work at home designing electronics and writing software and I expect to continue to do well since I can live on very little money compared with my skills.
Now back to SL.
Maslow’s laws list “SEX” at the bottom!
I’ll give up my fantasy sex when Yellowstone erupts.
Until then, I think SL will do well unless some other version comes along to compete with them.
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Real Life Recession and the SL Economy |
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grumble Loudon
A Little bit a lion
Join date: 30 Nov 2005
Posts: 612
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03-19-2006 23:01
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Magnum Serpentine
Registered User
Join date: 20 Nov 2003
Posts: 1,811
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03-19-2006 23:10
BS. The US economy is coming out of a recession and is in better shape than ever, not going back into one. Didn't I meet you somewhere, October 29 1929??? |
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Magnum Serpentine
Registered User
Join date: 20 Nov 2003
Posts: 1,811
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03-19-2006 23:13
If this were to happen - whether via. burst of housing bubble, or violent attack, or other means, it would be a disaster of unprecedented proportions, never before seen in America. American has never experienced 40% unemployment, and were this to happen, entertainment value would be irrelevant - most people would be struggling just to feed themselves and to surrive. Major cities would be in total chaos, food distribution would be disrupted, there would be long, long gas lines and rationing, etc. I am in the process of researching this but I think in January 1931 Unemployment hit 47% Still researching |
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Jillian Callahan
Rotary-winged Neko Girl
Join date: 24 Jun 2004
Posts: 3,766
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03-19-2006 23:21
I am in the process of researching this but I think in January 1931 Unemployment hit 47% Still researching _____________________
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Magnum Serpentine
Registered User
Join date: 20 Nov 2003
Posts: 1,811
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03-19-2006 23:29
In 1931 unemployment reached 15.9%, in 1932 it reached 23.6%. Then in 1933 it reached its peak at 24.9%. The latest quoat I got is this: Numbers soon proved the optimists incorrect. The depression steadily worsened. By spring of 1933, when FDR took the oath of office, unemployment had risen from 8 to 15 million (roughly 1/3 of the non-farmer workforce) from http://www.nps.gov/elro/glossary/great-depression.htm 1/3rd is 33% unemployeement, not the 24% you state. and the Unemployement rate for Farmers were 60% back then |
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Jillian Callahan
Rotary-winged Neko Girl
Join date: 24 Jun 2004
Posts: 3,766
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03-19-2006 23:58
The latest quoat I got is this: from http://www.nps.gov/elro/glossary/great-depression.htm 1/3rd is 33% unemployeement, not the 24% you state. and the Unemployement rate for Farmers were 60% back then That's one of two places I see that figure. I see gobs at around 25%: Cite: http://www.huppi.com/kangaroo/Timeline.htm Cite: http://www.bls.gov/opub/cwc/cm20030124ar03p1.htm Cite: http://www.eyewitnesstohistory.com/snprelief1.htm Cite: http://www.digitalhistory.uh.edu/modules/great_depression/index.cfm Cite: http://www.eh.net/encyclopedia/article/parker.depression I was gonna link to Wikipedia, but I didn't want to obfuscate  Any way you slice it, a 40% unemployment rate would be a devistating and totally unprecedented economic event. _____________________
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Cthulu Calamari
Extra "H" is copyrighted.
Join date: 14 Mar 2006
Posts: 14
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03-20-2006 05:53
Don't forget, we've barely scratched the surface in paying for the wars...
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Paulismyname Bunin
Registered User
Join date: 29 Nov 2005
Posts: 243
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03-20-2006 06:48
Don't forget, we've barely scratched the surface in paying for the wars... Here in the Uk we have finally finished paying for the Second World War. Last instalment on a loan from the USA was made in 2005 |