Learn How To Prepare For The Next Great Depression
As you read every word of this article, you will be so thankful that you learned the truth before it’s too late!
Are you ready for the economic depression in America?
You probably already know about the turbulent capital markets, frantic government regulators, fearful consumers, and the tremendous uncertainty — all of which are alarming echoes of the economic disaster we had in America during the 1930’s.
Which invokes the serious concern: Could a new Great Depression be barreling towards us? Would you know how to protect yourself from Depression 2008, 2009 & 2010 if it were?
More and more financial experts are saying it—the financial landscape is very similar to what it was going into the Great Depression in 1929.
Investment guru George Soros believes the current financial crisis is the worst since the Great Depression, and said stocks still have a long way down to go.
Bill Gross, the Chief Investment Officer of PIMCO (the largest bond fund in the world) has said, “We haven’t faced a downturn like this since the Depression.”
Do you think these market heavyweights would be invoking the Great Depression if there wasn’t a good reason to do so?.
They know the signs of the economic depression in America when they see them.
Increasing numbers of Americans are starting to understand what the experts are saying– the hard way. Record home foreclosures, escalating unemployment, and price hikes are hitting them where it hurts, creating a record number of people who need food stamps to feed themselves and their families. The U.S. Congressional Budget Office stated that 28 million people will need food stamp assistance, the highest level since the food assistance program was introduced in the 1960s.
The economic depression in America is upon us. Don’t be one of those who is caught unprepared. Learn how to protect yourself from the next Great Depression.
Need more convincing?
United States housing prices are declining at a yearly rate of nearly 4% — an event not seen since the Great Depression— and the downward trend is accelerating. Over the past half century, every U.S. housing downturn as sharp as the current one has correlated with a U.S. recession.
In fact, Reuters recently reported that policy experts have stated that “events surrounding the U.S. housing crash in many ways resemble the Great Depression, including strings of failed bailout plans and a reliance on voluntary compliance.”
Finally, as in the Great Depression, the financial system is in disarray. It was symbolized back then by the failure of thousands of banks, mostly small, local outfits. There were 2,300 bank failures in 1931 alone.The parallel today is the tumbling of one-time economic Goliaths, such as Bear Stearns, Countrywide Financial, and Ameriquest Mortgage.
The issue is so severe, that right after its unprecedented bailout of Bear Stearns, the Federal Reserve opened its doors to the surviving investment banks so that they could borrow directly from them—which is something they haven’t allowed since the Great Depression.
The Wall Street Bankers know something that they aren’t telling you. The world economic depression is right around the corner. Don’t be caught unprepared.
Learn how to protect yourself from the next Great Depression now.
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