I run into people all the time that are "getting ready". I've met so many; it's really kind of refreshing. Don't stay in denial. Don't procrastinate. Begin doing whatever you can. I was telling one friend yesterday that the reason that I'm recommending silver now is that, for small time players, it's best to have a form of portable wealth, one that's not tied up in the system. Also, it's a small enough amount ($15 per 1 oz coin), that it can be used for barter if need be. In a worst case scenario of a severe collapse, martial law and wealth confiscation, Congress has already tipped its hand that it will confiscate 401(k)'s, and who knows what else. Of course we know that gold was confiscated in the first depression, even though only 20% of what the public held was turned in. A black market will emerge if that's the case this time.
1.Lowe's Profit Plunges as Consumers Stay Away - I'm sure very few houses are being built nationwide.
2.Wholesale Prices Drop More than Expected in July - This is for things we don't need, like plasma televisions.
3.Coming Soon: Banking Crisis of Historic Proportions - Next time you're in a group of your friends, mention this and see what kind of reactions you get. Probably very little, which is part of the reason we're going to go down the tubes. The average citizen has little or no understanding of how the economy works, or what matters.
4.Reader's Digest Going Bankrupt
5.Fed Shut Down "Minority" S&L
6.New AIG CEO Pay $7 Million, Will be Reviewed, Obama Spokesman Says - If you'll pay attention to this, you'll find out who BHO's friends really are. They are making sure that Wall St. elite are not going to lose a dime. By now you should know that anyone who can raise almost half a billion dollars for a presidential campaign has friends in the banking world.
7.Treasury Prices Post Modest Decline
8."Chicken Underground" Emerges in Indiana
Wednesday, August 19, 2009
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