Saturday, November 15, 2014

How the Great Depression Killed people by starving them or causing them to suicide

Let's say you went to college and got a business or economics degree and you graduated in 1925. You get a job as an assistant professor at a well known college. You think your job is recession proof. Likely it is but for one thing: (In 1929 the stock market crashes) and most businesses in the U.S. fail as a direct result. What happened to all the people with degrees who hadn't stuck money into cash somewhere for a rainy day?

They lost everything.

So, if you multiply by 10 to 100 times (depending upon the area of the U.S.) to what happened during the Great Recession you can then imagine how people starved or killed themselves, especially if they weren't used to camping out by a river through the winter in a tent in below freezing weather with their families.

So, many many people died who were only used to the very best of everything because their jobs disappeared even after getting a college degree.

MY father (who graduated in 1934 complained about his father) because even though my father was valedictorian of his Senior Class in High School his father wouldn't let he, or his two brothers go to college but he let his two daughters go to college to meet college men to marry.

After sharing the above with you why did my grandfather do this?

Because a college degree mostly wasn't worth toilet paper during the Great Depression unless you were an A+++ student and everyone knew it and valued your expertise. So, college degrees would get you a tent without food by a river in the freezing cold somewhere with no clothes to wear.

However, what my grandfather did was to hire his three sons and train them to be electricians in his Electrical Contracting business at 18 or before to train them all to be electricians. So, each of them always had their own car after age 16 or 18 years of age and always had a job because people always needed people to fix electrical stuff or to install new electrical systems in houses, companies, factories and dams being built like the Grand Coulee Dam that my father and his two brothers all worked at as dump truck drivers while it was being built. They were paid by how fast they could carry loads to the next location, so by the number of delivered loads per day.

In fact, my father met his first wife while building the Grand Coulee Dam with his brothers then in the 1930s in Washington. He was from Lake Forest Park. So he got married when he was 21 and she was 17 back then in 1936 or 1937 I believe. He also was along with his oldest brother in the Marine Corp air reserves flying Hellcat biplanes as gunners on weekends from 1934 to 1937 which made them a little extra money and gave them amazing experiences flying around the Seattle Area on manuevers.

The unemployment rate by area varied in real terms from about 25% to 50% unemployment.

Now, compare that to a maximum U.S. average of 10% unemployment during the 1980 and 1981 recession and during the Great Recession we witnessed a few years ago and tell me what something
2 1/2 to 5 times worse would do to people nationwide?

So, you no longer have to wonder why so many died or just took their lives during the Great Depression.

The reason I'm writing this is if the Republicans repeal Obamacare I expect something much worse than the Great Depression as a cascading effect of the repeal simply because the government at this point could not absorb the change and stay solvent. It might survive this kind of change 10 to 20 years from now but not now, because the economy is just too fragile still and the rest of the world is even worse than the U.S. in  economic vulnerability now too, especially Europe and China and now Russia and the Middle East because of the Sectarian war interfering with oil production possibly.

Everything I'm sharing here was told to me by parents, Grandparents and anyone who cared about my survival who survived the Great Depression.

What was the one thing they said the most?

"Save your Money for a rainy day!"

"Because if you don't have enough cash to withstand the next one it is very likely you will starve to death and die."

So, if you see the Republicans repealing Obamacare be sure to liquidate enough cash to survive what happens next! For real! Because there is no limit to just how bad things could get if Obamacare is repealed anytime within the next 5 to 10 years.

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