Definition of Recession, Depression and Collapse...

[JohnyMac]

Recently back from deer camp, I was catching up with Glenn Beck and GTBTV this morning (Calm down TCS) and he had on his program last Tuesday Jim Rogers who said,

Recession = When your neighbor looses his job
Depression = When you loose your job
Collapse = People are foraging in the street

So I looked up Jim Rogers.  I was impressed with his prophecies for the future. Bottom-line, invest in commodities (Gold, oil, silver, lead) and farm land. 

Thoughts?

[sledge]

Recently back from deer camp, I was catching up with Glenn Beck and GTBTV this morning (Calm down TCS) and he had on his program last Tuesday Jim Rogers who said,

Recession = When your neighbor looses his job
Depression = When you loose your job
Collapse = People are foraging in the street

So I looked up Jim Rogers.  I was impressed with his prophecies for the future. Bottom-line, invest in commodities (Gold, oil, silver, lead) and farm land. 

Thoughts?

If you use his definitions then we are in all three at this point.  My neighbor lost his job, I lost my job, and there are people who are foraging in the streets and in dumpsters behind grocery stores.

The gold, silver and oil sound like good investments if you have the money.  (At least that's what everyone says.)  But I don't have a lot of money and I can't eat them.  So I'm investing in beans, rice and something to spice them up.  Like someone said in another thread, I'm gonna buy a lottery ticket.  If it's a loser at least I've read somewhere that you can survive for a short time on eating paper.     I wonder how you could season that stuff?

[rah45]

If you use his definitions then we are in all three at this point.  My neighbor lost his job, I lost my job, and there are people who are foraging in the streets and in dumpsters behind grocery stores.

I think that #3 is a bit hazy when it comes to this subject. There will always be homeless people, so there will always be someone doing that. I think that a certain percentage increase of that behavior spread across an entire community/city is grounds for making the #3 call, though. Have you seen it drastically increase across town versus 5, 10 years ago? What would you say is the percentage increase, without inflating the numbers (not to insult, but I do it, too, when I'm trying to make a point and don't stop to think)?

[sledge]

If you use his definitions then we are in all three at this point.  My neighbor lost his job, I lost my job, and there are people who are foraging in the streets and in dumpsters behind grocery stores.

I think that #3 is a bit hazy when it comes to this subject. There will always be homeless people, so there will always be someone doing that. I think that a certain percentage increase of that behavior spread across an entire community/city is grounds for making the #3 call, though. Have you seen it drastically increase across town versus 5, 10 years ago? What would you say is the percentage increase, without inflating the numbers (not to insult, but I do it, too, when I'm trying to make a point and don't stop to think)?

I'm not sure about the exact numbers Rah.  But I do know this.  When I first moved to Indian River County 24 years ago the homeless was a small issue.  Today there are seven Obamavilles in the woods in the county.  Three in Vero Beach and four in the rest of the county.  You can't drive anywhere in town without seeing the homeless looking for substance or begging.

It's not just here either.  My son is getting his concealed carry because in Orlando if you stop to fill up with gas you are going to be approached for a handout and he says they are getting more aggressive to the point of demanding one.

This being approached for a handout is also a problem in Jacksonville according to my daughter and friends in West palm and Miami have told us they are constantly dealing with the issue.  If this isn't happening in other parts of the country then perhaps I need to move.

[JohnyMac]

Sledge,
I am not seeing that here in rural RI. FL. has aways been an interesting place when it comes to homeless. I guess it is the weather. I would hate to see Ft. Pierce now.

On another note: I noticed that our local Mom & Pop grocery store where we buy about 80% of our daily grocery's, is advertising on TV. I ran into the owner the other day and I commented on his this. He told me that his top-line revenue in his store is down double digits from last year. Even if that is only 10% that is a lot as you know grocery stores margins are slim.

Now the small town near our BOL is hurting big time. The local food bank there has a big banner up BEGGING for food. My wife and I try to donate $100- a month there. Some months we are short too so that doesn't happen. I am very concerned that our BOL may get broken into with folks looking for things to steal. Luckily there isn't much there except a shit-ton of food in the basement.

My small corner of the town we live in there maybe 36 houses. Of the 36 houses I know that 5 are in forecloseur. I know that as the owners have told me. Of the 5, 4 are do to the bread winner being laid-off and 1 is do to a ARM coming due.

I dropped off my property taxes the other day to Town Hall (We are paying monthly now). I asked the clerk how many homes are behind in taxes. She told me it ws terrible and was going to be addressed at the next town financial meeting. In the mean time she told me, the town administrator was going to have to lay off about 7 town workers (Fire, Police, DPW, etc). The snow hasn't started to fall yet but when it does I suspect we will see less plowing and salting from the town.

So am I seeing folks foraging in the streets at the moment in my town no. But it is a cold few months away I think.

 

[Colombo]

Ain't close to me and I can't vouch for it But this seems interesting considering where it could lead. 

St. Petersburg Police cutting up homeless tents

We have a couple of camps that I know about in st johns county as well as putnam county. I expect this will only get worse.