With Wall Street gripped by fears of a probable recession or possible depression, the stock market continues a dangerous downward spiral not seen since the financial crisis in the later part of 2008.
"We are continuing to be bombarded by worries about the global economy," said Bill Stone, a chief investment strategist.
Everyone is talking about financial collapse, financial meltdown and financial Armageddon. Everyone is expecting a real live stock market crash, like we haven't seen since the one that caused the Great Depression.
When you compound these already detrimental problems with American's ever dwindling work ethics and loose morals of our youth, Houston we have a problem.
Lets face it, America produces virtually nothing worthwhile for the world, just dollar bills. And even those our in trouble.
Europe is in just as bad, if not worse shape than the US; all the European nations (except Germany and one or two of the smaller, financially insignificant countries) are going broke. First Greece and Ireland, followed by Portugal, Italy and Spain. The Eurozone is going broke just like the US and Japan. France owns in excess of 500Billion Euros in Italian debt. Should Italy fall, will that bring France and the rest of whats left in the Eurozone into bankruptcy? Is the Euro going to capitulate before Christmas 2011?
In the meantime, the national debt of Japan is now well over 200% of GDP, while they are trying to recover from the worst disaster in their history, nobody is coming up with a solution for their problems. Up to this point, Japan has been able to borrow massive amounts of money at extremely low interest rates from their own people, but that isn’t going to last forever either.
It seems to be a case of which, the completely worthless Dollar, the equally worthless Yen or the marginally worthwhile Euro collapsing first.
There seems to be no way out but to have a default en masse and start over.
Are you prepared for dealing with an economic collapse? What about an economic recession or depression?
I have seen this coming for quite some time. Way back in October of 2010, I wrote the article, Global Economic Armageddon. However, nobody predicted the current events better than Peter Shiff.
The economic and monetary disaster, as described by Wall Street prognosticator Peter Schiff is no longer hypothetical. It has only just begun. For more than a decade, Schiff has not only observed the economy, but also helped his clients restructure their portfolios to reflect his outlook. What he sees today is a nation facing an economic storm brought on by growing federal, personal, and corporate debt; too little savings; and a declining dollar.
Peter Schiff's timely Crash Proof 2.0: How to Profit From the Economic Collapse takes into account the dramatic economic shifts that are reshaping the world and provides you with the insights and information to navigate the dangerous terrain. Throughout the book, Schiff explains the factors that will affect your future financial stability and offers a specific three step plan to battle the current economic downturn. Shiff discusses the measures you can take to protect yourself-as well as profit-during these difficult times. He offers an insightful examination of the structural weaknesses underlying the economic meltdown. He outlines a plan that will allow you to preserve wealth and protect the purchasing power of your savings. Crash Proof 2.0 will help you survive and thrive during the coming years of economic uncertainty.
It is time you consider the different scenarios and plan how you could best protect your family in times of trouble, no matter if it's because of a financial collapse or a terrorist attack.
Do not plan to rely on the government for help, unless you don't mind living in a sports stadium for days on end while things get sorted out. But should you watch the Alex Jones Show FEMA Concentration Camps, Coffin and related videos about FEMA's planned concentration camps, you may want to reconsider that option anyway.
The most important considerations are of course, water, food, protection, shelter, sanitation and heat.
You may want to form family alliances and community connections now, while the forming is good. Learn more about who lives in your neighborhood and potential dangers coming from neighbors.
Consider your assets and what you already have that will help you to care for yourself, your family and others you care about. Recognize your weaknesses and work to overcome them.
One of the first things you should consider is your financial situation. If you have the means, you may want to consider buying or leasing a home in the country, now, while they are still available. If you have the means, you may want to buy a supply of nonperishable food and weapons to defend yourself and your loved ones.
There are several good books I recommend that can help you prepare, such as The Modern Survival Manual: Surviving the Economic Collapse, Preparing for the Coming Collapse of the U.S. Dollar (Surviving in the New America) and How to Survive the End of the World as We Know It: Tactics, Techniques, and Technologies for Uncertain Times(only available in Kindle format), but there are many, many more you can find with a simple search.
Its up to you to hope for the best or prepare for the worst. The question may be, can you afford to hope? Can you even afford to procrastinate?
Written By: Tom Retterbush
Nobody understands what to do in this situation better than the man who saw it coming, Peter Schiff, who has not only observed the economy, but also helped his clients restructure their portfolios to reflect his outlook. Crash Proof 2.0 picks up right where his first bestselling book left off. This 364 page guide takes into account the dramatic economic shifts that are reshaping the world and provides you with the insights and information to affect your future financial stability and offers a specific plan to battle the current economic downturn, measures you can take to protect yourself-as well as profit-during these difficult times and an insightful examination of the structural weaknesses underlying the economic meltdown and a plan that will allow you to preserve wealth and protect the purchasing power of your.
How to Survive the End of the World as We Know It: Tactics, Techniques, and Technologies for Uncertain Times
Survivalist expert James Wesley, Rawles, author of Patriots and editor of SurvivalBlog.com, shares the essential tools and skills you will need for you family to survive, including: Water filtration, transport, storage, and treatment options, food storage, fuel and home power, backup generators, garden, orchard trees, non-hybrid seeds, greenhouses, medical supplies and training, minor surgery, communications such as staying in touch with loved ones, when to get outta Dodge, including vehicle selection, routes and planning and investing and barter, building your barter stockpile. And much more. How to Survive the End of the World as We Know It is a must-have for every well-prepared family.Order How to Survive the End of the World from Amazon starting at $6.99, HERE
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