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12.3% how high will it go?

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  • #16
    I've been getting ready for hard times for as long as I could, since I could get ahead. Now we have a couple of rice fields and are working on buying 10 mango trees. I still hope to find and afford a third local rice field. We have another one but its not local and doesn't produce much. Then I have a 12 v hookah dive system which runs off a battery and a solar charger (could use another one) for off the grid. Last thing then is a small sailboat. When the project for Zkrib is done the family carpenters and I (also a carpenter) will build something we've never built before, a catamaran out of bamboo. I have the epoxy and biaxial fiberglass for it already.

    Surviving the times to come won't be for me. If all this comes about as I believe it must I'd imagine my meds will stop coming down the line pretty quick. My wife and her family will do ok I hope, with all that I've prepared for her.

    I still hope for a last economic gasp, maybe 2 to 5 years, maybe even 10 or more? where things get good again. That would allow me to put a finishing touch on things.
    Long time member @ Apolyton
    Civilization player since the dawn of time

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    • #17
      12-17-10 Mohamed Bouazizi NEVER FORGET
      Stadtluft Macht Frei
      Killing it is the new killing it
      Ultima Ratio Regum

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      • #18
        I'm glad you're enjoying yourself KH, (if your laughs are on me) and I do hope I'm wrong. If I am, well all that rice gets eaten now or sold, the mangoes we might own ditto, the diving system will be a blast when we finally get a boat built, as will the boat, I hope.

        Consider while you bust a gut in jocularity that 46 cents of every dollar the US government spends this year is borrowed, which is why I hope for a short lived delay in the inevitable.

        Glad you had fun.
        Long time member @ Apolyton
        Civilization player since the dawn of time

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        • #19
          And that leads to world wide social & economic collapse how?
          Try http://wordforge.net/index.php for discussion and debate.

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          • #20
            I'll just let it play out and then let you tell me.
            Long time member @ Apolyton
            Civilization player since the dawn of time

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            • #21
              Fantastic answer, sir
              The Wizard of AAHZ

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              • #22
                The way many people survive is by collecting unemployment benefits throughout the recession -- unemployment benefits have been extended indefinitely. It's not a ton of money, but it will keep you fed.
                I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                • #23
                  And there's always crime.
                  “As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
                  "Capitalism ho!"

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                  • #24
                    Originally posted by AAHZ View Post
                    Fantastic answer, sir
                    Thank you sir.
                    Long time member @ Apolyton
                    Civilization player since the dawn of time

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                    • #25
                      The government keeps several indicies for unemployment. The figure used by the government as its "official" rate is U-3. Nationally, U-3 for June was 9.5%. U-6, however, was 16.5%. U-6 includes discouraged and underemployed workers, as well as those who've run out their benefits without being able to find a job. That's 1 in 6.

                      In Florida, U-6 is 20%, or 1 in 5.

                      We haven't hit bottom yet.

                      BTW, my understanding is that how unemployment was calculated in the Great Depression was U-6.

                      On the plus side, I've got some possible freelance work.
                      Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...

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                      • #26
                        Che, modern sampling methods weren't in place during the 30s. The measures of unemployment available from those times are not strictly comparable. However, empirical work on the subject has indicated that peak U3 unemployment (if it had been measured) would have hit ~25% in the 30s



                        I think that you'd be a lot better informed if you were willing to use more varied sources and applied a bit of critical thought.

                        12-17-10 Mohamed Bouazizi NEVER FORGET
                        Stadtluft Macht Frei
                        Killing it is the new killing it
                        Ultima Ratio Regum

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                        • #27
                          From what I have seen, this is just equivalent to the early 80s... maybe even better for some?

                          Remember all, we were at record low unemployment for years... the big fuss is because this was a financial problem (which mostly hit the wealthy/etc) and because we aren't use to it.

                          Now, I actually think that it could get worse because the financial problems have effects that reach long, and I am worried that the problems haven't been fixed really... but what we have seen so far isn't so bad (possibly because we have pushed off some of it to the future).

                          JM
                          Jon Miller-
                          I AM.CANADIAN
                          GENERATION 35: The first time you see this, copy it into your sig on any forum and add 1 to the generation. Social experiment.

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                          • #28
                            Originally posted by chequita guevara View Post
                            The government keeps several indicies for unemployment. The figure used by the government as its "official" rate is U-3. Nationally, U-3 for June was 9.5%. U-6, however, was 16.5%. U-6 includes discouraged and underemployed workers, as well as those who've run out their benefits without being able to find a job. That's 1 in 6.
                            Of course, even U-6 doesn't include prison inmates, who are necessarily unemployed. And imprisonment/capita has increased several times over since the Great Depression.

                            I'd guesstimate that 75% of American adults are employed; and 25% are unemployed.

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                            • #29
                              Great, now all we need is a dust bowl.
                              Long time member @ Apolyton
                              Civilization player since the dawn of time

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                              • #30
                                Local newspaper say Georgia is at its highest unemployment rate ever. So much for the 'new economy'.

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