People are still going to need stuff.

[Old and In the Way]

Stuff will get made made (at a profit) to sell to the stuff needers. There will still be $ available to those that make stuff, because people will spend $ to get this stuff. There won't be as much $ available to people that make phantom stuff. Those phantom stuff makers are in trouble.

Discuss.

[Jackpine Radical]

1. You don't need as much as you think. Food, shelter,

a helicopter to shoot wolves from...

[HereSince1628]

2. Before I discuss anything I want the rubric for this assignment. n/t

[Old and In the Way]

13. First I need to know what rubric means.....

then we can discuss. Does that have to do with a cube? :-)

[nadinbrzezinski]

3. Suggest you read on the great depression and how that theory didn't hold

fully

[Old and In the Way]

14. Stuff didn't get made during the great depression?

[nadinbrzezinski]

16. There was quite a bit of barter in the hard hit areas

many folks who couldn't afford to buy food, traded

Read on what happened in hoovervilles

Now if you were well to do, of course you kept buying stuff... but what was made, was part of the WPA... not stuff, but public service and infrastructure

People have no concept today but folks WALKED 100 miles on the RUMOR of a job

[Old and In the Way]

19. My grandparents went through the Great Depression

all 4 worked in mills up here in Maine. Times were tough. They survived. We're lucky today, according to John McCain...we've got E-Bay!

Seriously, I don't disagree with your points. My point is that a lot of paper capital is getting wiped out. If your long on this stuff, your screwed. If your pensions are invested in this stuff, you have a legitimate worry. I got cleaned out in the '98 bust, so I'm on the sidelines. I just don't think it will have the impact that most Americans think. True, there'll be a lot of traders out of work in NYC, but they were in the phantom stuff business.

[nadinbrzezinski]

21. Talk to your grandparents then

I am serious

The effect on the overall economy potentially is quite disastrous

ESPECIALLY if they decide to go chicago on us... fully neo liberal program and privatize all in sight

[trashcanistanista]

4. Ideally, we can circumvent the $ aspect

and people who have stuff they don't need can trade with people who have stuff they need.

[high density]

5. assuming we all still have a job to make $$$ to buy stuff.

[azmouse]

6. Takes a lot of stuff to fill 9 houses.

Just ask McBush.

[Inkyfuzzbottom]

7. I hope things don't get so bad that

I'm forced to sell my tanning bed!

[nadinbrzezinski]

8. RLOL

[a la izquierda]

11. At least you can use all those dead animals...

for blankets and clothes and such. I'm a vegetarian. I'm screwn.

[SammyWinstonJack]

9. So when the greedy corpRATs who have outsourced our jobs to third world countries, can't sell to

their cheap crap to us because we don't have high paying jobs because they outsourced them and the slave labor they employ can't afford their cheap crap, what happens then?

U.S. Corporations who owe hard working Americans, are short term profit driven fools.

[Old and In the Way]

17. Capital goes, where capital grows.

At least that's something I got from my ole' prof in Eco101. We'll be making nuts and bolts again when the labor rates equalize with the world market. About $3.00/day. Otherwise, we won't. And if we do, I'm not sure that's going to be a good thing.

[Hugabear]

20. Yeah, that's something to really look forward to

The GOP and the corporate fatcats would love nothing more than to repeal the minimum wage laws so they can "compete" with the world labor market. Sure, there would be plenty of jobs available here in the US, as long as you're willing to work for $3.00/day and no benefits. Welcome back to the early 1900s!

[GreenPartyVoter]

10. We still make stuff in the USA?

[Old and In the Way]

18. A lot less than we used to.

But we've been making lots of phantom stuff the past decade.

[Stinky The Clown]

12. Phantom Stuff ... uh huh ...... like mortgage derivatives

We don't need no phantom stuff.

[asdjrocky]

15. And then people just need a place to put the stuff.

It's a vicious circle.

[B Calm]

22. We'll need jobs before we can buy the stuff. . .

[upi402]

23. And the country that makes more stuff & sells it to other countries...

wins.

That's capitalism. Got rope?

[lpbk2713]

24. Carlin on 'stuff' ...

"Their stuff is shit and your shit is stuff."

Link: http://www.youtube.com/watch?v=MvgN5gCuLac

Damn, I miss that guy.