Most Americans are still operating under the delusion that this "recession" will end and that the "good times" will return soon, but a growing minority of Americans are starting to realize that things are fundamentally changing and that they better start preparing for what is ahead. These "preppers" come from all over the political spectrum and from every age group. More than at any other time in modern history, the American people lack faith in the U.S. economic system. In dozens of previous columns, I have detailed the horrific economic problems that we are now facing in excruciating detail. Many readers have started to complain that all I do is "scare" people and that I don't provide any practical solutions. Well, not everyone can move to Montana and start a llama farm, but hopefully this article will give people some practical steps that they can take to insulate themselves (at least to an extent) from the coming economic collapse. (Read More....)
Our recent article, "20 Things You Will Need To Survive When The Economy Collapses And The Next Great Depression Begins", has drawn some intense criticism from those who believe that the U.S. economy is so strong that it could never completely and totally collapse. In fact, this blog is being accused of officially going off the deep end. Why? It's not because we are pointing out that the economy is bad. After all, according to a recent Pew Research national poll, 88 percent of Americans rate national economic conditions as only fair or poor. No, rather it is because we are projecting the eventual complete and total collapse of the U.S. economy. There still seems to be a belief among a large number of Americans "that things are never going to get THAT bad". But they are going to get that bad. It's just that most people do not realize it yet. (Read More....)
Today, millions of Americans say that they believe that the United States is on the verge of a major economic collapse and will soon be entering another Great Depression. But only a small percentage of those same people are prepared for that to happen. The sad truth is that the vast majority of Americans would last little more than a month on what they have stored up in their homes. Most of us are so used to running out to the supermarket or to Wal-Mart for whatever we need that we never even stop to consider what would happen if suddenly we were not able to do that. Already the U.S. economy is starting to stumble about like a drunken frat boy. All it would take for the entire U.S. to resemble New Orleans after Hurricane Katrina would be for a major war, a terror attack, a deadly pandemic or a massive natural disaster to strike at just the right time and push the teetering U.S. economy over the edge. So just how would you survive if you suddenly could not rely on the huge international corporate giants to feed, clothe and supply you and your family? Do you have a plan? (Read More....)
Most Americans who closely follow economics understand that all money in the United States comes into existence as debt. Either the Federal Reserve creates it when the U.S. government borrows money, or private banks create it when they use fractional reserve banking to make loans to customers. If lending increases, it is going to create new money and increase the money supply. But if lending declines, it is going to take money out of the system and will decrease the money supply. So why is this important? It is important because without sufficient lending, the U.S. economy will seize up and grind to a standstill. Unfortunately, we have created an economic system that is fueled by credit, and without enough credit businesses can't expand or hire more workers, individuals can't buy homes and cars and there will not be any hope that the U.S. economy will function at previous levels. (Read More....)
The Depression Of 2011? 23 Economic Warning Signs From Financial Authorities All Over The Globe