This crash is going to be much worse than the 70"s. Our country doesn"t produce any wealth anymore, all wealth comes out of the ground. Oil, steel, wood, grain, etc to manufacture the products. We import the lions share of these items and it was all bought on credit or the fiction of rising home prices which were borrowed against. Now the time has come to pay the piper and there is no wealth to do it with or the means left to do it since the big companies exported everything off shore. God help us....it"s going to be bad. I think this could make the depression look like a picnic.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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