Are you ready to admit it? Global Depression
- Thread starter cgtrader
- Start date
Yeah well, Robert Prechter proved in his book that the west was going to collapse in a Grand Supercycle thingy in 1995 and he was still selling his book in 1996 too... he still predicts shit all the time... the moron kept people out of the greatest stock market run up since the tulip bubble but hey, probably he is much smarter now.....
I'm still going with my ammo and food production though, food production skills are a nice thing to have really, and it's a great hobby [especially in hyperinflation or hyperdeflation].
I'm still going with my ammo and food production though, food production skills are a nice thing to have really, and it's a great hobby [especially in hyperinflation or hyperdeflation].
It's going to be much worse than anybody thinks, I'm pretty sure of that. We were due for the normal recession but this banking freeze up occurred. Martin Armstrong predicted a banking crisis followed by hyperinflation nearly a decade ago, I think he was on the money for that one.. the current bailouts almost have to lead to inflation, I'm advising people I know to just hang on to their real estate if nothing else.
Real estate will hold it's value in inflationary times, meanwhile you can live in it even.
For the longest time I have been thinking prolonged recession, no I am not sure, maybe the the Big D. Why, because things in general continue to get much worse. How about the Big 3 workers that are getting an extended vacation, plant idling. Just heard it on the radio.
I do my best to be logical and objective. As they say look around, talk to ppl., don't believe what the news or gov. tells you necessarily.
What have we have in the last decade. 3 bubbles. Stocks, Housing, Commodities. What do bubbles do they pop. What fueled the economy, for the most part, in the last 8 years, housing bubble. We all know it has popped and now you can no longer use your house as an ATM. So where do ppl. get money to keep this consumer orgy going? Cyah! Game Over! The "models" used before are broken so there is less confidence and it self perpetuates.
I am simple, logical guy, and that's the way I see it. Constructive criticism appreciated.
I do my best to be logical and objective. As they say look around, talk to ppl., don't believe what the news or gov. tells you necessarily.
What have we have in the last decade. 3 bubbles. Stocks, Housing, Commodities. What do bubbles do they pop. What fueled the economy, for the most part, in the last 8 years, housing bubble. We all know it has popped and now you can no longer use your house as an ATM. So where do ppl. get money to keep this consumer orgy going? Cyah! Game Over! The "models" used before are broken so there is less confidence and it self perpetuates.
I am simple, logical guy, and that's the way I see it. Constructive criticism appreciated.
Time to hoarde up on 100s Kgs of Rice, Canned Beans and Lentils, fire wood, asprins and antibiotics, sugar.
In addition, do not forget,
+a sharp knife,
+a hand gun with ammo,
+befriend a farmer to live off the land or even dig in a bunker house of 20x20
+a bicycle
+thermal blankets
Also do not forget to learn up new skills that can be used as part time work: plumbing, electricty, car repair and ofcourse farming!
Precaution is better than Cure!
In addition, do not forget,
+a sharp knife,
+a hand gun with ammo,
+befriend a farmer to live off the land or even dig in a bunker house of 20x20
+a bicycle
+thermal blankets
Also do not forget to learn up new skills that can be used as part time work: plumbing, electricty, car repair and ofcourse farming!
Precaution is better than Cure!
Thatâs absolutely true, real estate is a really safe investment. Another good choice here would be REITâs. People can invest in REITs either by purchasing their shares directly on an open exchange or by investing in a mutual fund that specializes in public real estate. Investing in REITs is a liquid, dividend-paying means of participating in the real estate market. Like any other market REITâs have faced challenges due to slowing economy and the global financial crisis, but real estate is a strong field.