Lepista Posted February 9, 2010 Share Posted February 9, 2010 yes, yes - if it was around, it would be a miracle, as t'internet wasn't as it is today... but you know what I mean. Would we be seeing the same 'EOTW' signals that everyone here is saying is the end of society as we know it? Quote Link to comment Share on other sites More sharing options...
scepticus Posted February 9, 2010 Share Posted February 9, 2010 yes, yes - if it was around, it would be a miracle, as t'internet wasn't as it is today... but you know what I mean. Would we be seeing the same 'EOTW' signals that everyone here is saying is the end of society as we know it? people were widely predicting the end of the world ni the 1970s. There was the club of rome, and a host of gold bugs. The former were proved wrong at least for a time (and timing is everything), and the latter were crucified when gold plunged from its peak. This time with gold it will be different of course. Likewise this time it really is the EOTW! Quote Link to comment Share on other sites More sharing options...
Lepista Posted February 9, 2010 Author Share Posted February 9, 2010 people were widely predicting the end of the world ni the 1970s. There was the club of rome, and a host of gold bugs. The former were proved wrong at least for a time (and timing is everything), and the latter were crucified when gold plunged from its peak. This time with gold it will be different of course. Likewise this time it really is the EOTW! Sounds like you are maybe speaking from some (bitter?) experience Scepticus...? Quote Link to comment Share on other sites More sharing options...
Jister1 Posted February 9, 2010 Share Posted February 9, 2010 Yes it would have been the same imo. Nothing stranger than people and they strange people love nothing more than to tell you how it's going to be. So yes! it would be worse than what it is today..... Quote Link to comment Share on other sites More sharing options...
scepticus Posted February 9, 2010 Share Posted February 9, 2010 Sounds like you are maybe speaking from some (bitter?) experience Scepticus...? Nope - not old enough! Quote Link to comment Share on other sites More sharing options...
huw Posted February 9, 2010 Share Posted February 9, 2010 yes, yes - if it was around, it would be a miracle, as t'internet wasn't as it is today... but you know what I mean. Would we be seeing the same 'EOTW' signals that everyone here is saying is the end of society as we know it? We were, even without the internet! The biggies I remember: - Learn Arabic, the Arabs' oil-wealth means they'll end up running the world (occasionally it was 'learn Japanese') - Nuclear Armageddon (a reasonable fear given cold war tensions and scope for accident/human error) - Limits to Growth which suggested that exponential growth with finite resources could not continue forever. Of these, limits to growth is the only one still standing. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted February 9, 2010 Share Posted February 9, 2010 whoda beleived computers would only go down in size? Quote Link to comment Share on other sites More sharing options...
adrian777uk Posted February 9, 2010 Share Posted February 9, 2010 yes, yes - if it was around, it would be a miracle, as t'internet wasn't as it is today... but you know what I mean. Would we be seeing the same 'EOTW' signals that everyone here is saying is the end of society as we know it? To be fair the 70s recession was pretty bad. 3-day working weeks, winter of discontent, etc. Much worse than it's been this time. Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted February 9, 2010 Share Posted February 9, 2010 what were the debt/gdp ratios , import/export figures and household debt numbers in the 70s and how would they compare to todays figures? Quote Link to comment Share on other sites More sharing options...
economiccycle Posted February 9, 2010 Share Posted February 9, 2010 (edited) I am sure that with the House price ratio beeing 3:1 this would be seen as unsuportable compared to the period 40 years earlier when the ratio was 2:1 Edited February 9, 2010 by economiccycle Quote Link to comment Share on other sites More sharing options...
GordonBrownSpentMyFuture Posted February 9, 2010 Share Posted February 9, 2010 To be fair the 70s recession was pretty bad. 3-day working weeks, winter of discontent, etc. Much worse than it's been this time. Yeah but they eventually got to live in nice, big, expensive houses at the expense of their descendants so they didn't do too badly. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 9, 2010 Share Posted February 9, 2010 Just think where porn would be now if the internet existed in the 70's.... It would certainly be interesting reading 30 - 40 years worth of posts. Quote Link to comment Share on other sites More sharing options...
aa3 Posted February 9, 2010 Share Posted February 9, 2010 There is also two EOTW camps. One camp is the peak oil type camp which says no matter what we do we are screwed. They were there in the 70's, even bigger. The other is the EOTW camp I'm in. It says on the current policies things are going to blow up. But there is no technical reason we can't enjoy prosperity. Sort of like on the British carrier pigeon housepricecrash.co.uk in 1975 they would have been wrong with their doomist theories. The hyperinflationistas would be pointing to 12% yoy inflation. And we'd be scrutinizing the numbers showing how hedonics and substition was under-reporting the real inflation. Otoh the Soviet housepricecrash.co.ru forum in 1975 they would have been largely right about their doomist predictions. Injinov would have been calling state failure if a bit early. Quote Link to comment Share on other sites More sharing options...
winkie Posted February 9, 2010 Share Posted February 9, 2010 From what I recall....Inflation was rife, food prices went up on a near daily basis. When I went shopping for my mother I used to enjoy pealing the price stickers from cans and other food items to find out what the original price was when it was put on the shelf....oh and the intermittent power cuts as kids was fun to get out the candles. Quote Link to comment Share on other sites More sharing options...
Fishfinger Posted February 9, 2010 Share Posted February 9, 2010 We would and moaning about - Those bloody striking unions Why are BL cars so crap? Dog poo on pavements Why do shops shut at 5pm just as you leave work? Equal pay for women - why? Has anyone got one of those new fangled microwave ovens? What's the best electronic calculator? What's the best digital watch? Punk music -rubbish or the real sound of the streets? If it's in the News of the World it must be true. Man Utd - will they ever win the first division again? The list is endless.... Quote Link to comment Share on other sites More sharing options...
CokeSnortingTory Posted February 9, 2010 Share Posted February 9, 2010 There's something slightly Del Boy-ish about global financial capitalism - just when you think it is finally about to go belly-up it always finds the energy or labour equivalent of a warehouse full of hookie Taiwanese video recorders. It got bailed out in the 70's by North Sea and Alaskan oil, and bailed out again in the 90's by the entry of the Chinese labour pool into the global economy. But can it pull something out of its back pocket this time round? Quote Link to comment Share on other sites More sharing options...
winkie Posted February 9, 2010 Share Posted February 9, 2010 There's something slightly Del Boy-ish about global financial capitalism - just when you think it is finally about to go belly-up it always finds the energy or labour equivalent of a warehouse full of hookie Taiwanese video recorders. It got bailed out in the 70's by North Sea and Alaskan oil, and bailed out again in the 90's by the entry of the Chinese labour pool into the global economy. But can it pull something out of its back pocket this time round? Like it. ...but what can save us now, today? Quote Link to comment Share on other sites More sharing options...
erranta Posted February 9, 2010 Share Posted February 9, 2010 We were, even without the internet! The biggies I remember: - Learn Arabic, the Arabs' oil-wealth means they'll end up running the world (occasionally it was 'learn Japanese') - Nuclear Armageddon (a reasonable fear given cold war tensions and scope for accident/human error) - Limits to Growth which suggested that exponential growth with finite resources could not continue forever. Of these, limits to growth is the only one still standing. "the Arabs' oil-wealth means they'll end up running the world" The sheiks secretly do! If you look behind the scenes you will find Arabs are major shareholders(and influencers) of many of our highest profile 'branded' (now there's an 70's telly series) 'household name' companies. Like EBAY! Bet they are major shareholders of our energy companies too - just lovin watching the prices rise. Quote Link to comment Share on other sites More sharing options...
Tiger Woods? Posted February 9, 2010 Share Posted February 9, 2010 people were widely predicting the end of the world ni the 1970s. There was the club of rome, and a host of gold bugs. The former were proved wrong at least for a time (and timing is everything), and the latter were crucified when gold plunged from its peak. This time with gold it will be different of course. Likewise this time it really is the EOTW! If buying at $35 to $100 an ounce and selling almost anytime in the future is being crucified, then hoist me up. Quote Link to comment Share on other sites More sharing options...
scepticus Posted February 9, 2010 Share Posted February 9, 2010 There's something slightly Del Boy-ish about global financial capitalism - just when you think it is finally about to go belly-up it always finds the energy or labour equivalent of a warehouse full of hookie Taiwanese video recorders. It got bailed out in the 70's by North Sea and Alaskan oil, and bailed out again in the 90's by the entry of the Chinese labour pool into the global economy. But can it pull something out of its back pocket this time round? however this time around I'm minded of the episode in which del confidently leans back against the bar with his pina colada and cigar to find that the bar isn't there. Everyone else in the boozer has a good laugh. Quote Link to comment Share on other sites More sharing options...
Tiger Woods? Posted February 9, 2010 Share Posted February 9, 2010 From what I recall....Inflation was rife, food prices went up on a near daily basis. When I went shopping for my mother I used to enjoy pealing the price stickers from cans and other food items to find out what the original price was when it was put on the shelf. I'd forgotten about that. Thanks for the reminder. Quote Link to comment Share on other sites More sharing options...
huw Posted February 9, 2010 Share Posted February 9, 2010 I'd forgotten about that. Thanks for the reminder. I'd forgotten it too. At the time it just seemed normal, but looking back we were seeing inflation up-close-and-personal, in a way that hasn't really happened since (except with houses ). Quote Link to comment Share on other sites More sharing options...
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