Surviving an economic Depression
May 18, 2012
Surviving an economic depression.
As a survivor from the last turmoil between 1940- 1945, I wonder what one could do in case of another downturn. How would people react when there is an economic collapse whereby the norms of a working society go askew?
The banks have gone broke. The rush to withdraw all savings turned into a stampede. The next day there were chains and padlocks on all the banks doors. There was a curt little notice that the bank would be closed till further notice. People queued up and small groups formed outside staring at the bank’s doors as if by magic they would somehow open up again. It was a strange and discomforting diversion from the norm.
The housing investment market started to wobble a few years earlier. Houses took a long time to sell and soon they reverted to dwellings that people lived in. With the banks closed, mortgage payments became superfluous. Roofs over one’s head became again what houses were originally, it kept the rain out. Keeping the rain out became what the homeless now needed more than ever. The government or what was left of it tried to arrange public buildings for sheltering the homeless.
The huge Ernest & Young multi storey building now housed seventeen thousand homeless spread out over all the floors. People did not mind climbing the emergency fire-escape stairs. The generators just supplied emergency power for some lights but excluded the lifts. The toilets still flushed but for how much longer? Rumours were going around that the Myer’s store were distributing food brought in by the Salvation Army and so far no reports of looting were heard about.
Neighbours, who previously kept themselves apart and much to themselves, very private, now introduced themselves and offered help. People started to be drawn together with sharing common needs. Fear and instinct for survival made for instant communication. “Have you got enough food” was a common question and concern for sharing became necessary. “One can get ten kilo bags of flour from the Town-Hall” someone told the neighbourhood. Another one offered to pick up tins of powdered milk from somewhere else. It became a scramble to just see the next few days out. The closure of banks meant that money was scarce and bartering became the norm.
During cold weather fires were soon lit in public areas. People were seen huddling together talking and sharing the latest news. Some suburbs had no electricity and generators were hard pushed to find fuel for. The little fuel that was available was being kept for emergency driving only. Hospitals were still going on with caring for the sick and the government was issuing warnings that people ought to stay away from rioting youth and street fighting which had broken out in front of the Center-Link offices which had closed down as well. The police was kept busy.
Of course, the above is just one scenario that could happen. With the sort of survival methods that became necessary during the last war in Europe I can’t remember too much detail. I know more from what my parents told me than from memories. I do remember hunger though. That is something that doesn’t easily go away.
So, in short; food is the most essential part for survival. Shortage of food is still the norm amongst hundreds of millions of people around many parts of the world to-day. They experience economic depression as something that seems to last forever during their entire lives. How would we cope?
Tags: Economic depression, Ernst&Young, Generators, Myers, Police, survival, World war Posted in Gerard Oosterman | Edit | Leave a Comment


Gerard, this carried me into a stream of illustration deftly. I vacillated between thinking I was reading a report of a real scenario and, reminded when I feel I needed to be, a fantasy, Inclusive no idle scaremongering, no gratuitous violence. I detect the confidence of a writer who has enjoyed a steady reading diet of the best of the science fiction we have referred to, somewhere on one of the pages of The Pigs Arms. Well written, particularly as you have been loyal to the reader’s need to know and quoted your source. Real life. Hunger. I was transported.
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Thanks shoe. Praise should be on your doorstep for writing the unvarnished truth but always nicely decorated.
It just never stops; The China Mail is now following Oosterman Treats Blog. Some licorice for all of you now.
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Dutch??
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Extra zout- extra salt.
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Its an acquired taste.
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That was kind of you, Gez, encouragement and a little, shall we say, strap, or would your licorice be served as a tiny square like a piece of bitter chocolate.
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I like bitter chocolate. When I was in the supermarket earlier I was reading the labels of cartons of yoghourt. It is almost impossible to buy any of these foodstuffs without the additives of sugar and salt. That is a great loss to our palates and our homes are not set up as they were to manufacture these products as a home industry and thus readily share with our neighbours as well as within our family.
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We might just have to go back and all do the Zorba Dance. I wonder if the sale of lentils or oats and milkpowder is going up. They are the items that during turmoil people start hoarding together with tins of corned beef (spam)and sardines.
I bet that’s what many are doing in Spain and Greece. Of course, the billionaires are salting their fortunes away in Swiss bank accounts.
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Unexpected praise.
I placed part of this article on The Business Spectator and as a reply to a piece by Adam Carr received the following response.
Thank you Adam Carr for your helpful article and, especially, thank you Gerard Oosterman (May 18, 9.05am). (SCOREBOARD: European night sweats, May 18.)
“Rather than look at the day to day stock and financial market ruminations and general goings on, Mr Oosterman knows that history can teach us all huge and pertinent lessons if one has an open mind and is willing to be taught by history that is.
Another sage; King Solomon said: “There is nothing new under the sun. All else is vanity, like grasping after the wind”. Gerard Oosterman should be listened to and understood by every young and not so young economist and financial bod and bodess. They should try to envisage themselves in that depression time picture because they will not be immune from the sorrows if they come as they appear to be doing so and because his is the voice of practiced wisdom. A rare species if ever there was. It is worth re-reading his solemn sage words.
If you think it will never happen to us, then just remember, the same people as yourselves thought the same thing before 1940.”
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I’m getting behind in my reading Geard. I have read (only) this comment for tonight.
That comment is very pleasant isn’t it.
ps I sincerely hope no-one comes along for the specific purpose only of attempting to take anything away from the context and this praise you have been awarded, but praises you more. It would be a dull life without your take on our contemporary society. You bring your experience and your pluck, your sheer courage to reveal yourself as few do. I look forward to reading your essay.
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