Category Archives: ecomonic outlook

12 Ways To Prepare For The Next Great Depression

A friend of mine sent me this piece of infomation a long while ago and I have been holding onto it since waiting for just the right moment to post about it.

Now, with the stock market down to it’s lowest point in a dozen years and the economy on the brink, seems to be about the right time to dicuss the “12 Ways To Prepare For The Next Great Depression” .
A few of the tips are a little out dated, but they still ring true:  
Our economic future could be even bleaker than you expect — and last year was the moment to unleash your inner survivalist. If the financial system suffers any more crises of confidence, credit gets even tighter, and the fed falls into a liquidity trap, we could be in for several hardscrabbling dystopian years. Forget maintaining your current shiny standard of living — how will you feed and clothe yourself, in the worst case scenario? We’ve compiled a few suggestions for things you can do now to brace yourself.

Avoid debt at all costs. If anything, you’ll want to save up as much money as you can, in case you have to live off your savings. Thanks to recent changes in bankruptcy law, it’s much harder than before for an individual to declare bankruptcy. So if you’re stuck in debt with little or no income, you’ll still be working for the banks. And as this guy points out, the banks will be hurting, so the moment you miss a payment, they’ll be quick to try and liquidate your collateral for whatever they can get.

Get out of your mortgage before the housing market collapses any further. As this site says, if you paid $300,000 for your house and it sells for $200,000, you could end up not owning your house and owing the bank $100,000.

Buy some cheap land in a rural area. Build a house, or just get a used RV. Either way, make sure you own your home free and clear, so you can live rent-free and mortgage-free for as long as you need to.


Go off the grid. Get your own power generator — or, better yet, some of those solar helium balloons. Or some wind turbines. Don’t be dependent on the power company to keep all your necessities running.

Cultivate some skills that will always be in demand. Become a decent electrician, handy-person, carpenter or cook. There may not be much need for someone who understands content management systems during a total economic shutdown, but someone who can build a house will always have a place to crash.

Offshore yourself. As the dollar gets weaker and weaker, U.S. white-collar service workers will be the cheap overseas employees for Europeans and Asians, predicts Robert Scoble in his roundup of how to recession-proof yourself. So as long as someone, somewhere, is still making use of those white-collar service skills (like programming, or customer support) you may be able to offer yourself to overseas companies as a cheaper alternative.

Invest in the ultimate counter-cyclicals. Some industries will always be in growth mode — like any business that caters to the rapidly growing senior population. Also, “sin and comfort” industries, like cigarettes, gambling and booze, do well during downturns and will probably make bank this time around as well. (Too bad booze and cigs are generally part of huge diversified conglomerates these days.) Also, movie companies are quietly bragging that the movie industry had one of its biggest growth spurts ever in the 1930s, as people craved escapism.

Invest in some Euros, or some other currency that’s not the dollar. Chances are the U.S. dollar will keep getting weaker, so you’ll be better off holding a more stable currency. You could also try investing in gold or silver, but those commodities are already skyrocketing in value.

Have some liquid funds on hand. MSN Money suggests reducing your contributions to your retirement plan or 401(k) (if you have one) so you can put more money into your savings instead. And remember, the banks are still FDIC insured, so your savings are probably safe — but other investments have no such guarantee. or take part in a community garden in your neighborhood. Try to position yourself so you can get as much of your diet as possible from food you’ve grown yourself, instead of being hooked on sushi.


Learn to hunt. These fine people claim that hungry people are already hunting small animals in the parks of San Francisco, and during the 1930s deer and squirrels were hunted almost to extinction. Learn how to trap, kill, prepare and eat a squirrel now, so you’ll be ahead of the curve.

Stockpile medications. Your biggest problem, in an economic meltdown, could be getting health care. If you’re dependent on prescription meds, try to get some extra pills now so you’ll have some on hand later. Just make sure you’re always taking the oldest meds you have, to minimize the risk of taking expired pills, these folks advise.

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Filed under cheap land, debt burdened, ecomonic outlook, Great Depression, medications, mortgage crisis, prepare for the next great depression, Tips

Trends Analyst Gerald Celente: Great Depression of 2009 Coming

Unless you’re a night owl, or happen to work the overnight shift, you propbaly did not hear the latest interview of Gerald Celente, the worlds leading authority on trends. Celente appeared on the Coast to Coast AM radio program this past Thursday night with host Art Bell.

Celente’s predictions for the coming year is extremely gloomy, you may or may not, want to heed his advice. Either way this interview made good radio. 

Trends analyst Gerald Celente shared his dire economic outlook for the coming year. By February, there’ll be major bankruptcies in the retail sector, leading into the collapse of the commercial real estate market that’ll be worse than the problems with home mortgages, he warned. He sees a global depression taking hold in 2009, and protests by students and/or workers related to the economy coming in the Spring.

Celente’s predictions for the coming year is extremely gloomy, you may or may not, want to heed his advice. Either way this interview made good radio.
Here is Art Bell’s interview broken down into 4 parts:
Gerald Celente Economic Update 12/18/08 pt. 1

Gerald Celente Economic Update 12/18/08 pt. 2

Gerald Celente Economic Update 12/18/08 pt. 3

Gerald Celente Economic Update 12/18/08 pt. 4

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Filed under Art Bell, bankruptcy, Coast to Coast AM, ecomonic outlook, Economic Crisis, Gerald Celente, global depression, Great Depression, protests

Trends Analyst Gerald Celente: Great Depression of 2009 Coming

Unless you’re a night owl, or happen to work the overnight shift, you propbaly did not hear the latest interview of Gerald Celente, the worlds leading authority on trends. Celente appeared on the Coast to Coast AM radio program this past Thursday night with host Art Bell.

Celente’s predictions for the coming year is extremely gloomy, you may or may not, want to heed his advice. Either way this interview made good radio. 

Trends analyst Gerald Celente shared his dire economic outlook for the coming year. By February, there’ll be major bankruptcies in the retail sector, leading into the collapse of the commercial real estate market that’ll be worse than the problems with home mortgages, he warned. He sees a global depression taking hold in 2009, and protests by students and/or workers related to the economy coming in the Spring.

Celente’s predictions for the coming year is extremely gloomy, you may or may not, want to heed his advice. Either way this interview made good radio.
Here is Art Bell’s interview broken down into 4 parts:
Gerald Celente Economic Update 12/18/08 pt. 1

Gerald Celente Economic Update 12/18/08 pt. 2

Gerald Celente Economic Update 12/18/08 pt. 3

Gerald Celente Economic Update 12/18/08 pt. 4

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Filed under Art Bell, bankruptcy, Coast to Coast AM, ecomonic outlook, Economic Crisis, Gerald Celente, global depression, Great Depression, protests

Economists should listen to consumers

“Experts have a half-glass full outlook for the economy while average Americans are far more pessimistic. Here’s why the consumer is probably right.”

CNNMoney.com posted a story the other day that does not bode well for the economic outlook. Consumers surveyed earlier this month by The Conference Board, a well-respected private business research group, gave the bleakest six-month outlook for the economy ever in the nearly 42 year history of the survey. By a 3 to 1 margin consumers expect the economy to deteriorate over the next six months.

Click on the headline to read the story

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Filed under CNNMoney, consumer confidence, ecomonic outlook, Federal Reserve, Recession, The Economic Outlook Group

>Economists should listen to consumers

>”Experts have a half-glass full outlook for the economy while average Americans are far more pessimistic. Here’s why the consumer is probably right.”

CNNMoney.com posted a story the other day that does not bode well for the economic outlook. Consumers surveyed earlier this month by The Conference Board, a well-respected private business research group, gave the bleakest six-month outlook for the economy ever in the nearly 42 year history of the survey. By a 3 to 1 margin consumers expect the economy to deteriorate over the next six months.

Click on the headline to read the story

Leave a comment

Filed under CNNMoney, consumer confidence, ecomonic outlook, Federal Reserve, Recession, The Economic Outlook Group