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JDShots' Blog : Worse than the Great Depression

Date February 3, 2009  Edited: February 3, 2009    Comments Comments (3)    Recommended (160)   
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Easy to read, easy to understand, yet hard to imagine. If you're under 80, read this article:

Worse than the Great Depression
by Dr. Krassimir Petrov
Global Research, February 1, 2009

"Based on indicators like (1) global real estate overvaluation, (2) indebtedness, (3) leverage, (4) outstanding derivatives, (5) global bubbles, and (6) the precariousness of the global monetary system, I would argue that the accumulated imbalances in the current period surpass significantly those preceding the Great Depression

I therefore conclude that the coming U.S. (and possibly) global depression will be of greater magnitude than the Great Depression of the 1930s. It likely suggests that we are entering a historic period that will likely be known as The Greater Depression."


3 Comment(s):

Author Wooloomooloo     Date February 8, 2009 10:31 Abuse this post Report Abuse
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Gonna read it . had a question for anyone to comment : govt buying the into banks and ins.cos,now the stimulos pak wants digi amalgamation of all data from health medi immigra. records, and govt has access to all other citizen imform . does this set up the one card for all program and total control of population -even with the integrity haha person looking over the system for abuse?How and where do we put money to ride the wave? gold/silver looks like will be patritized eventually at cost of what people bought at no matter at what time.......questions answers anyone for thought and direction?
Author JDShots     Date February 12, 2009 04:25 Abuse this post Report Abuse
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For the long term, I would look at investing in things like food, water (utilities), guns, tobacco, alcohol, survival gear and anything that can help you to protect what you've got.

I'm scrapping my budget for piano lessons and art supplies. Here is some video advice on how to prepare for the coming crises.


http://www.youtube.com/v/9fWfxrPQG5U&hl=en&fs=1&rel=0&color1=0xe1600f&color2=0xfebd01&border=1">
Author JDShots     Date February 14, 2009 02:18 Abuse this post Report Abuse
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http://www.youtube.com/v/9nJ7LM3iyNg&hl=en&fs=1&rel=0&color1=0xe1600f&color2=0xfebd01&border=1">
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