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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Real reason for electricity blackouts hitting southern US

Real reason for electricity blackouts hitting southern US

“Large oil companies have for a decade artificially shorted the gasoline market to drive up prices,” said FTCR president Jamie Court. “Oil companies know they can make more money by making less gasoline.” The following article was written by Paul Joseph Watson. He is t

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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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FDIC wants your retirement cash to save banks: Bloomberg

FDIC wants your retirement cash to save banks: Bloomberg

“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work

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Canadian government admits recovery never happened

Canadian government admits recovery never happened

“Not only did their stimulus fail to create the jobs of tomorrow, it also failed to protect the jobs of today,” Scott Brison, the opposition Liberal Party’s spokesman for finance issues, said by telephone. "Most of us were shaking our heads in disbelief early last year w

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How Western society is brainwashed and crumbling

How Western society is brainwashed and crumbling

"The cultural embrace of illusion, and the celebrity culture that has risen up around it, have accompanied a growing system of casino capitalism, with its complicated and unregulated deals of turning debt into magical assets, to create fictional wealth for us, and vast wealth f

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Will we see double digit interest rates from the 1980s?

Will we see double digit interest rates from the 1980s?

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." -- Thomas Jefferson Spending is

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Greenspan: credit crunch “by far the greatest financial crisis”

Greenspan: credit crunch by far the greatest financial crisis

Greenspan said that while the economy was in worse shape in the Great Depression, the recent financial crisis was potentially more harmful than that in the 1930s because “never had short-term credit literally withdrawn.” Greenspan just said that the current credit crunch

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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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