Sunday, August 29, 2010

Economists from Across Spectrum Now Calling it Great Depression II

The time for quibbling over semantics and political gamesmanship appears to have passed. Now many of the biggest names in economics (Laffer, Krugman, Griffiths) are calling it as they see it--the Second Great Depression.

We're in this for the long haul, folks. Can't even hope for much positive change in the forseeable future at this point. Read the article linked and excerpted below. Then if you have the wherewithal to get yourself fully squared away for the worst case you can imagine economically--do it and move quickly.

The collapse is only months away they are saying ...

"Top Economists: The Second Great Depression Has Arrived"

by Terrence Aym

... (Fred) Harrison concurs and believes that the situation has become so serious that whole nations could fail and something unseen in the West for hundreds of years could appear again: wholesale starvation of peoples in some Western countries.

Back in 2008, Spectator Business reported that "Harrison's predictions earned him the epithet 'Prophet of Doom' until his forecasts proved correct. He is now described as 'the canary in the housing mine…(his) prediction is chilling: Nostradamus...could scarcely have been more accurate."
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Get Ready ... Seriously -- www.prepared.pro

Tuesday, August 24, 2010

Blurring the Lines of Common Identity

Just some quick stream of consciousness comments today ...

Think about all the crap that has taken us to where we are today. The last 20 years or so (I know--it can go back farther than that), some very significant transitions have been taking place that are rapidly at this point taking the world into a new era.

If you had to boil it all down to one idea behind all the changes, it would be that all the dividing lines and borders and stratifying layers that both divide and unify people historically are being dissolved away.

Geographic borders, economic classes, national identities, and many other groups that self identify according to religious affiliation, ethnic background, sexual orientation, etc.--these are the targets for destruction for those moving the world in a direction that apparently ends with that dreaded one-world governance (of course managed and maintained by a core group of enlightened, privileged individuals).

The old truism "divide and conquer" has been updated to the more sophisticated "homogenize and pacify."

There's still work to be done in these last stages of the effort whereby finally some push-back is being encountered from some groups who are reluctant to go quietly into the night. Of course, that would be expected and there are options for taking care of those who can't come to terms with things "as they must now be."

I've never been a one-world-government alarmist. At least not in a vocal sense. But there's no denying what we have before us now.

Seems the choice left us is to melt and blend or to exert and exit the stew pot while we still have meat on our bones.
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Get Ready ... Seriously -- www.prepared.pro

Friday, August 06, 2010

Economy Heading for a Systemic Collapse into Hyperinflationary Great Depression

The Market Oracle posted an absolute MUST READ yesterday--an interview with Shadowstats Economist John Williams. See the entire piece here.

Excerpt:

TER: How do we get through this, John?

JW: If there's no solution for the system—and I don't see one; I think it just has to run its course—there still is good news. We as individuals have ways of protecting ourselves, our families, our friends, our businesses—whatever is important to us. To do that we have to preserve the value of our wealth and assets in order to ride out the storm. As terrible as it will be, it will end. A time will come when things become self-righting and the people who have been able to survive will be able to do some extraordinary things.

TER: And what do you advocate in terms of individuals preserving wealth and assets?

JW: Hold some gold, silver, precious metals. I'm talking physical possession. Preferably coins because coins, sovereign coins, are recognized as such. They don't have liquidity issues. Having some assets outside the U.S., and certainly some assets outside the U.S. dollar, is a good thing. I like the Australian dollar, the Canadian dollar, the Swiss franc in particular. They won't suffer the same hyperinflation in Australia, Canada and Switzerland as we do in the U.S., so those currencies will tend to act as ways of preserving wealth. Over time real estate is a traditional store of wealth, but it's not portable and sometimes it's not liquid.

If I'm right about what's going to unfold, a significant shift in government is possible; suppose the government moved so far to the left where maybe private ownership of property was not allowed. Having a lot of assets in real estate under those circumstances might not be so good. I think generally real estate is a good bet but you also have to consider the risks. Use common sense. Think through different things that could happen.

Most importantly, build up a store of supplies, more than you would normally consume over a couple of months, particularly food and water, canned goods. Having those goods can save your life in a number of ways. You'd have food to eat, and if you have extra you can use it to barter. I met a guy who'd been through hyperinflation and found for purposes of the barter system those airline-size bottles of high-quality scotch proved quite valuable. Buy things that you would otherwise consume and rotate your inventory. Don't go out buying all sorts of things you'll never use. Keep what makes sense to you and your circumstances. Make sure you have things that are stable. Not too perishable.
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Get Ready ... Seriously -- www.prepared.pro

Tuesday, August 03, 2010

Surviving a Power Grid Crash

America's power supply is primed for an end-of-days blackout--particularly from geomagnetic storms. This evening, earth is expected to be struck broadside by two waves of solar plasma that exploded off the surface of the sun directly toward us a couple of days ago.

It may be that all we'll get is a beautiful northern-latitude light show out of the deal. But experts are concerned that this may signal the beginning of a cyclical solar period of storms, one of which could end up frying major parts of our overtaxed, interconnected electrical grid.

Last year, National Geographic Adventure ran a great series of articles on how to survive almost anything. One such scenario they looked at was grid system failure.

Have a look. It features comments by our friend Cody Lundin ...

http://adventure.nationalgeographic.com/2009/08/survival/power-grid/1
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Get Ready ... Seriously -- www.prepared.pro