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Wednesday, December 07, 2011
Saturday, December 04, 2010
Where Will it End??
Anyway, to see more of my posts about my experiences with precious metals, including my trading with a bullion trader with reasonable fees, Kitco.com, click the links below.
Friday, April 17, 2009
According to a recent article in The News & Observer, Not Your Grandfather's Depression,
"it is at this point dangerous to link [today with the Great Depression] too quickly or too closely, for today's economic problems, however serious, pale in comparison to those the U.S. experienced in the 1930s."Take a look at this chart gleaned from the data in that article:
17 months to date
Gross Domestic Product
30% drop between 1929 and 1933
Living Beneath Poverty Line
Mortgages in default or one month behind
Still think we've got it rough?
POWERBALL LUMP SUM!
Saturday, March 28, 2009
Monday, March 09, 2009
A Pool of Precious Metals
Thursday, February 05, 2009
Five Hundred Thousand Dollars
For that matter, I'd be happy if someone capped my salary at $50,000.
Saturday, January 31, 2009
Looks like a Cyclone hit it
Question: What's the difference between a tornado and the U.S. Economy?
Answer: One leaves a path of destruction as it brings down homes and takes away cars and other prized possessions and personal belongings and the other is a wind storm.
Tuesday, December 02, 2008
Sunday, November 16, 2008
Where Are They Now?
288 combined years of producing American iron for American highways.
After the controversial Bank Bailout of 2008, today there is talk about bailing out The Big Three, America's current big name automobile manufacturers, Ford, GM, and Chrysler. Two hundred eighty-eight years of service to the public is a lot to throw away if we don't, isn't it?
But before you break out the crying towel, take a look at some statistics.
A Little Automaking History
What do the following companies have in common - Rambler (1958-1969), LaSalle (1927-1940) and Rolls Royce (1921-1935)? They are American automobile manufacturers having been in business 10-15 years that are now defunct.
American Motors (aka AMC) (1966-1987) and Duesenberg (1913-1937) - gone after 20-25 years in business.
Stanley Steamer (1897-1927), DeSoto (1928-1961), Pierce-Arrow (1900-1938), Nash (1917-1957), Willys-Overland (1912-1953) and Hudson (1909-1957) - no sign of them after 30-50 years of automobile manufacture.
Packard (1899-1958), Studebaker (1902-1966), Checker (1922-1982) and International Harvester (1907-1975) never to make autos for the US again, after 50-70 years of doing so.
And finally, REO (1905-1975) and White (1902-1981) have put in 70-80 years of auto making - defunct.
Where Are They Today?
Are you familiar with any of those auto companies? Well, they're all gone. In fact, according to wikipedia article "List of defunct United States automobile manufacturers," over 1800 US auto makers are no longer in business, with more than a thousand having seven years or less in the auto industry.
The Big Three are not the first US automakers to face financial failure, and they won't be the last.
Maybe some of the 1800 automakers might still be here if the Gov't had "bailed them out?"