Fears of depression dancing.

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3 Comments

As we all know the great depression was a terrifying and time one of the best examples of the horrors of that time were the dance competitions.

The few who had money staged dance marathons with large cash prizes and food for the competitors to eat during the 15 minute breaks they were given at the end of every hour. Which sounds like a good deal until you realize that many of these dance marathons literally lasted for months, the longest one lasted 9 straight months.

The competitors, would force themselves to continue dancing until they literally, started hallucinating from exhaustion, and dance partners would sometimes literally hold their partners up and keep dancing after they passed out.

I know lots of terrible things happened durring this time but this always stuck out to me, that people became desperate enough to put themselves through this.

I fear that if our next president doesn't fix our national debt problem it will grow beyond being capable of being fixed, causing us to default in a few years. If the USA defaults, it has the potential to cause a global depression that could be even worse than the last one and the horrors will resume.

Anyways is it normal I'm afraid of this.

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45% Normal
Based on 11 votes (5 yes)
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Comments ( 3 )
  • Jweezee
    7 years ago

    I once knew a girl that would dance for money. She said she was just trying to make enough to pay for college, but somehow I sensed she wouldn't exit the industry until the ravages of time or a nasty meth habit eroded the beauty of her youth. I would throw nickels at her as she gave me glimpses of her bleached anus. Cinnamon...yes, yes I believe that was her name. I often gave her a ride home, a seedy pay by the hour motel, after her shift. On the ride, Cinnamon and I would discuss the inevitable U.S. economic collapse due to the unsustainable excesses of a bloated bureaucracy. Too bad, I said, we can see it on the horizon but we're not in a position to enact reform. As she hopped off the pegs I slowly peddled away, feeling the impotence of a man mired in the idiocy of humanity.

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  • Ratman2
    7 years ago

    First of all, an old Jane Fonda film: They shoot horses don't they? Second of all, I see no connection between those dance marathons of the 1920s and global depression. I think economists have learned a thing or two since that disaster nearly a century ago and I don't see world leaders ever allowing something like that to happen ever again. We will have trying times, there is no doubt about that. But we have learned from past mistakes. Corrective measures are all ready in place. This day of doom that you foresee will never happen in our lifetime. :-D

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  • Rich_Guy
    7 years ago

    Your fears are warranted and they are shared by us, the 1%. Through history, all great empires have collapsed under their own weight. The United States, which says it is only a nation, acts like an empire. Its spending on military, and foreign aid have no payoff to its economic growth.

    A risk metric on public debt is 1/treasury_bond_yield/GDP_growth_rate. It is sort of a Times_Interest_Earned for GDP. And, it is bad. Interest is the third highest line item in the Federal budget. It's most of the reason growth has been so slow since the Great Recession.

    Cheap oil has helped the recovery, but I will shift my investment positions to short selling and gold when my mathematical warning metrics sound the alarm.

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