Thursday, March 20, 2008

ECONOMY IS CRASHING, WORSE THAN 1929!

Joseph Stiglitz, former head of the world bank economist sector said U.S. is heading into WORST ECONOMIC DEPRESSION since the 1930's.
http://economictimes.indiatimes.com/International_Business/Financial_crisis_worst_since_1930s/articleshow/2881608.cms

Stiglitz say's FED cuts will do nothing!-http://www.busrep.co.za/index.php?fSectionId=&fArticleId=4312283

Many months ago this man quit the world bank in protest, saying that they were going to "Harvest the wealth" of the U.S. through contrived and planned financial turmoil, well he was right.

Let me say this, out of the ashes of this catastrophe that is unfolding will rise a better government, until this comes I strongly suggest buying as much food and supplys as you can!
Diversify your portfolio in real terms means this....buy Silver or gold as 25% of your means, buy food and supply as 50% of your means, and keep or take nearly all money out of the bank in smaller bills, 1's, 5's and 10's, 20's. In the time we are entering "COMMODITY" is KING, A 10lb. bag of flour will be worth more than an ounce of silver or a lousy $20, so stash some, flour will likely rise to $25 a lb. When people are hungry a 25 lb. bag of rice will bring $500 or more, so overbuy in goods now before we see food runs, you can find 25 lb. bags at Sams club for $15. Having enough plus, surplus will give you great bargaining power in the coming barter market/economy.
We are talking a long haul here, so it would not be out of line to buy 3-4 thousand worth of food, can you imagine the return value of this in a starvation scenario? A 50 lb. sack of flour will be like gold. We all see the U.S. economy crashing, only an idiot in denial does not take heed.
Simple supplys now will garner great amounts of worth in the near future, toilet paper, tampons, pads, flour, rice, dried beans, canned goods stc, If you are smart enough to see the writing on the wall buy and stash NOW, and tell no one, as those who hoard will be sold out to the government quickly when bellies get empty. Sim[ly put, a box of instant potatoes in the hand will be worth more than a silly $100.00 fiat piece of paper from the federal reserve.
We are NOW inside this collapse, do NOT be in denial...prepare and survive!-Citizen

3 comments:

BallBounces said...

Citizen: it's "supplies".

Anonymous said...

The stock market has grown and grown in the past few years, I would not count the U.S. dollar out just yet. Johnny law

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