US, world headed for 25 year depression: Jim Rickards

US, world headed for 25 year depression: Jim Rickards

“When I use the phrase 25 year depression, it sounds extreme but it’s not. We had a 30 year depression in the United States from about 1870 to 1900…The Great Depression lasted from about 1929 to 1940. The U.S. is in a depression today.” Well, it's been in the works for

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Canadian banking haven myth exposed

Canadian banking haven myth exposed

"One of the reasons that Canadians (and international commentators, other finance ministers and global financial institutions) buy this Canadian banking fairy tale is the way the government accounts for the money borrowed to support the banks." The sorry spectacle of Conservat

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Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your mortgage, loans, because interest rates set to rise

Get rid of your loans, guys and gals, because we are going into a high interest rate period. Very high. It will be the equivalent of going into the double digit interest rates we had in the 80s where many people threw their house keys at the bank and we had record numbers of ba

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E-cigarettes save lives, money

E-cigarettes save lives, money

"We know that cigarettes have thousands of chemicals in them and we know that they are killing us. They have been for over a hundred years. So now, the e-cig industry comes along with only one or two chemicals in their mixture and people are freaking out over these as well. Whe

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US inches closer to big bank charges

US inches closer to big bank charges

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades. In doing so, prosecutors are confronting

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Canada’s home sales top predictions; why a real estate crash is inevitable

Canada’s home sales top predictions; why a real estate crash is inevitable

“The assurance of relatively low borrowing costs has likely given home buyers confidence while rising home values have kept new listings at a healthy level. Stable employment has provided some assurance to owners and buyers alike.” Our website is back after many months of

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Comparing today’s recession/depression to the 1980 recession

Comparing today's recession/depression to the 1980 recession

"Much like today, Americans were concerned not only with high unemployment but increasing budget deficits in the early 1980s. A September 1983 Gallup poll found that three-fourths of the public agreed that the federal government's budget deficit was a great threat (42%) or some

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Why savers are getting screwed

Why savers are getting screwed

"Without the intervention of economic policymakers, interest rates would be naturally higher. That would increase the cost of borrowing for businesses and consumers, but there would be some offsetting economic benefits. Savers are getting screwed by the current monetary policy

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Geithner admits USA bankrupt to US Senate

Geithner admits USA bankrupt to US Senate

"Never in our history has Congress failed to increase the debt limit when necessary. Failure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and all American businesses

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World economies on verge of currency revaluations to deal with debt

World economies on verge of currency revaluations to deal with debt

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -- Henry Ford Basically what the world central banks are doing is increasing their money by devaluin

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Is Obama the next Mugabe of Zimbabwe?

Is Obama the next Mugabe of Zimbabwe?

"America, Britain, Japan, Germany, France, Sweden, Holland, Norway, Canada and Australia make up the Fishmongers Group and their meeting on Tuesday will deliberate on the state of the inclusive government, debt relief, public finance administration and the controversial economi

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US raiding foreign countries with dollars, not soldiers

US raiding foreign countries with dollars, not soldiers

""The United States is going to China and saying: we want you to commit economic suicide, just like Japan did. We want you to follow the same thing: we want you to revalue your currency, we want you to squeeze your companies, we want you to go bankrupt,” says Michael Hudson,

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Content By: The Coming Depression Editorial Staff (dates cited below)
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Preparedness

“Seed companies and garden shops say that not since the rampant inflation of the 1970s has there been such an uptick in interest in growing food at home,” writes Times reporter Marian Burros.

The New York Times recently told its more wealthy readers to consider buying a rural cottage, or even log cabin, to ride out the water and food riots that militarized police forces are preparing and training for. How bad could global food shortages ultimately get? The lives of many hundreds of millions who have never known hunger before are threatened.

On the flipside, people should never listen to thee Wall Street Thugs because they will always give you advice based solely in filling their pockets and never in the interest or welfare of the people. You should also know that there is no shortage of food. Yes, we suddenly see disease or sickness has caught on around the world, but it is only because of stock brokers who are now playing casino bets on world food production and hoarding food to mimic the peak-oil zealots.

Never again fall prey to these commodity sharks who would even sell cow dung as the wonder drug of youth and really get away with it. This is because “suckers are born every minute” as P.T. Barnum once said. Work the Soil and grow your own Food.

Booming preparedness industry says Americans are stockpiling

by Drew Zahn of WorldNetDaily

To some, the term “survivalist” conjures images of camouflage-clad men stockpiling freeze-dried food in a mountain cabin, but in the current economic crisis, the people quietly preparing to survive catastrophe may just be your next-door neighbors.

In his column in last month’s Financial Times, business and technology expert Ade McCormack writes, “The world is in crisis and with it the world of business. Many of us have two plans. Plan A involves President Barack Obama performing some economic magic. Plan B involves a revolver, a vegetable patch and a subscription to Survivalist Monthly.”

And while McCormack was writing with a hint of jest, dissent over the president’s trillion-dollar spending approach to the economy has left many average, everyday Americans considering something looking suspiciously like plan B.

Discover the shocking truth about the U.S. economy – and what you can and must do – with “Black Hole,” the most recent edition of WND’s acclaimed Whistleblower magazine!

Bill Heid of Survival Seeds, a company that sells “banks” of high-yielding vegetable seeds sealed for long-term storage and awaiting a family’s need to grow its own food, says business is skyrocketing.

“It’s been dramatic, nothing short of dramatic,” Heid told WND. “The survivalist mentality used to be considered a fringe element, but now that economic times are such as they are, many more average, regular folks are adopting the same set of preparations.”

Heid told WND what’s most notable is that his boom in sales isn’t coming from just the usual survivalists stocking up for a Y2K-like event.

“Ninety percent of our increase in business is new business,” Heid said, “people who have never thought about surviving in case of emergency before.”

The Christian Science Monitor reports that Lehman’s, an Ohio retailer of home self-sufficiency equipment, has recorded huge sales increases from across the preparedness spectrum, from curious buyers to the stereotypical die-hards, according to Glenda Ervin, the company’s vice president of marketing.

Vic Rantala, founder of Minnesota-based Safecastle, which markets home shelters for protection against disasters such as hurricanes and chemical attacks, told the Monitor his company’s revenues have more than doubled since 2007.

“If most people think of a survivalist as an armed loner with extreme views – there are folks like that out there, but there are many more in America who are simply involved in preparing for down times, lean times or disaster,” Rantala, a former U.S. intelligence analyst, told the Monitor. “It’s logical. It’s common sense.”

Seattle Times Columnist Danny Westneat interviewed Claire Anderson, a 68-year-old woman who was prompted by Obama’s call for community organization to host a meeting of neighbors in her apartment. Their discussion of the slumping economy and fears of what lies ahead harkened back to the leaner days of her World War II childhood.

“I think we’re headed back to the days of the victory gardens,” Anderson said. “We have to figure out how to help ourselves. We can’t be isolated. We can’t sit around and wait for the government.”

A New York Times article from last summer suggests last year’s elevated fuel and food prices sparked a surge of interest in gardening that hasn’t slowed since.

“Seed companies and garden shops say that not since the rampant inflation of the 1970s has there been such an uptick in interest in growing food at home,” writes Times reporter Marian Burros. “Space in community gardens across the country has been sold out for several months. In Austin, Texas, some of the gardens have a three-year waiting list.”

The following article is an excerpt from Robert Prechter’s Elliott Wave Theorist.

First they bought into the “stocks for the long run” case and got killed. Then they jumped on the commodity bandwagon and got killed. Many investors are buying back into these very same markets, but others are running to what they perceive as safe “yields” in the municipal bond market. So far this year, individual investors have “poured a record $55 billion” (Bloomberg, 11/12) into muni bond funds, with the pace running $2b. per week in August and September; many other investors are buying munis outright. These must be the people who tell us that they can’t live without “yield” and also cannot imagine their city, county or state government going bust. But as Conquer the Crash warned and as The Elliott Wave Theorist has reiterated, the muni bond market is heading for disaster.

Get Your FREE 8-Lesson “Conquer the Crash Collection” Now! You’ll get valuable lessons on what to do with your pension plan, what to do if you run a business, how to handle calling in loans and paying off debt and so much more. Learn more and get your free 8 lessons here.

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This entry was posted on Sunday, January 10th, 2010 at 12:26 pm and is filed under Survival Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Comments

  1. January 18, 2010 @ 5:06 pm


    [...] Read more here:  Can you survive the economic crisis? | The Coming Economic … [...]

  2. February 25, 2011 @ 12:01 am


    Lately I’ve been asking myself why so few see this catastrophe coming at everyone like a freight train.The few I’ve spoken with { general population } say they have a ” Funny feeling ” that something is wrong with our economy. Most don’t read enough to draw concise conclutions to form a strong opinion or to take action before it’s to late. They see the oil light glow orange on the dashboard but the engine seems to run just fine. I remember my grandfather telling my brother & I of all the dead frozen bodies pilled up along the sidewalks during world war two poland. How could I ever forget how some of the smart ones saved themselves by having a few silver or gold coins to buy food with? They were thinking and looking ahead and drawing conclutions upon what they could see coming. I believe MANY americans will soon find themselves very hungry and looking into the eyes of the’re children and having nothing to feed them with. S O O N………

    Posted by upayu

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