tag:blogger.com,1999:blog-17766817.post3145660566152270461..comments2023-11-05T22:35:31.766+00:00Comments on Neil Clark: Are we heading for a repeat of 1929?Neil Clarkhttp://www.blogger.com/profile/10479041156190090119noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-17766817.post-83007364765140013752007-08-26T12:24:00.000+01:002007-08-26T12:24:00.000+01:00What you are writing is correct and easy to unders...What you are writing is correct and easy to understand but there is one thing that comes up always on my mind: <BR/>What should we do if a repeat of the 1929 would occour? I had the chance to speak to someone that lived the 1929 and he told me that after the shock, within 3 months all the economies around the world (he was and still live in Tunisia) were simply non-existent and that he (with all the people around him) took the "chance" to became a pilot into the army in order to make his living. He also confirmed that today's situation is very similar to the one we had in the 1920's, but also argued that today's situation is even worse as at the time people had only little goods and knowledge.<BR/>But if all the assets (from stocks to money in deposit to houses etc.) just drop by an uncomesurate amount, what one should do? Buy a piece of land and try to make his living out of it? <BR/>What about all the other people that can not afford it?Stefanohttps://www.blogger.com/profile/03952024564094004955noreply@blogger.com