Got work?
No, I don’t need a job, but we might.
The economy is heading straight into the toilet.
*flussssssssh*
Whereas other economic reporters often refer to “recession” as “the ‘R’ word,” we at SHTFblog toss it around like candy. In fact, we’ll even say the ‘D’ word - DEPRESSION.
Now, now, I’m not saying that we’re heading toward The Great Depression II (though anything is possible), but I AM saying that the economy’s near future . . . well, it ain’t lookin’ so good. The American consumer is burdened with debt, home values are plummeting, inflation is on the rise, the dollar continues to weaken, and energy prices are absurd.
“How bad can it get?” you ask. Well, that’s a very good question. Thank you for asking - you’re not the only one. Fortune magazine is asking as well: http://money.cnn.com/2007/11/23/magazines/fortune/barr_recession.fortune/index.htm?postversion=2007112615
Now, I could write 8 paragraphs here dissecting what was written in that article and analyzing every angle, but I’ll tell you what the PhD economists won’t - NOBODY knows what’s going to happen. You can get one “expert” to tell you one thing, and another to tell you something entirely different. Economics is a social science. Trying to predict society is . . . well, it can’t be predicted, which is why we Prepare FOR SHIT HITS THE FAN!
*ahem*
sorry
Where was I?
Oh yes, economists, they’re almost as accurate as a weatherman shit drunk on tequila, but I’ll tell you. No matter which way you slice it, no matter which way you dice it, my gut feeling is that we’re due for a correction . . . perhaps . . . a serious correction . . .
But hey, cheer up, I have token good news for the day:
Oil Watch - It has dropped dramatically since last report to settle (as of the close yesterday) at *insert sarcastic tone* only $90.62 a barrel.
6 responses so far ↓
1 Second Last Boyscout // Dec 12, 2007 at 4:43 pm
At the moment 69% of your poll respondents voiced “economic collapse” as their main concern.
2 SHTFMilitia.com // Dec 15, 2007 at 5:56 am
Yes i do believe economic collapse will play a major part as well.
http://www.SHTFMilitia.com
3 1919A6 // Dec 23, 2007 at 12:30 am
If you really think about it, it is NOT economic collapse because people will trade, barter, make things, etc. It is the FINANCIAL, i.e. fiat money, that is going to collapse.
Most people think of the FRNs (federal reserve note, which isn’t federal and has no reserve) as money - which it isn’t. But those people will not have FRNs, and without FRNs nobody, at least for now and in the immediate near future will part with anything without receiving some of FRNs for that stuff.
Ugly will not describe what is about to happen!
4 Ponce // Jan 7, 2008 at 9:11 pm
The word “if” is not there for me and that really pisses me off……if a dumb Cuban refugee with 10th grade education can see what is went on and what is going to happen then why not those who are in the business???….. the Feds are injecting another 60 billions of fiat created out of thin air and this does three things weaken the economy and give more time for the power to be to clear out….. this will be another link on the chain that will make slaves out of the American people and those who will follow them.
I don’t know it all (although sometimes I think I do) the answers but I do know what I need to know in order to take action on it.
5 Ponce // Jan 8, 2008 at 10:36 pm
Well amigos, according to Merril Lynch WE ARE NOW IN A RECESSION…….. I was going for June or July but it looks that it is so bad now that they cannot wait any longer…..are you ready?
6 Ponce // Jan 11, 2008 at 8:29 pm
Went to Costco for another truck load two days ago, there was no parking space and no karts next to the door.
Inside people were toalking about recession and emergency rations…….bout freaking time.
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