How do you think you gonna handle the coming depression?

Question

Analysts say it is almost here. The foreclosure rate has been the highest since the last great depression. That is about 80 years.

Are you gonna buy gold, or just sit and way like people did in 1929?

I have my plan B, leaving the country. I thing you and me and the govt game too much power to the banking corporation that now we have an extreme high inflation.

I watched a documentary that says, that banks can make 100, 000 with less than 1,200 dollars. Those 90 thousands are non existent dollars. Is money made out of interest to those who take a loan.

What would you do as soon as the depression comes?

Answer 1

dude, get a grip,it is not happening !

Answer 2

Here is something for Keith S and the rest of the uneducated people like him. A Depression usually comes along about ever 75 years, so we are over due.

Recession cycles are thought to be a normal part of living in a world of inexact balances between supply and demand. What turns a usually mild and short recession or "ordinary" business cycle into a great depression is a subject of debate and concern. Scholars have not agreed on the exact causes and their relative importance. The search for causes is closely connected to the question of how to avoid a future depression, and so the political and policy viewpoints of scholars are mixed into the analysis of historic events eight decades ago. The even larger question is whether it was largely a failure on the part of free markets or largely a failure on the part of governments to not exacerbate widespread bank failures and the resulting panics and reduction in the money supply. Those who believe in a large role for governments in the economy believe it was mostly a failure of the free markets and those who believe in free markets believe it was mostly a failure of government that compounded the problem.

Debt is seen as one of the causes of the Great Depression. (What follows relates to the USA).

Macroeconomists including Ben Bernanke, the current chairman of the U.S. Federal Reserve Bank, have revived the debt-deflation view of the Great Depression originated by Arthur Cecil Pigou and Irving Fisher: in the 1920s, American consumers and businesses relied on cheap credit, the former to purchase consumer goods such as automobiles and furniture, and the latter for capital investment to increase production. This fueled strong short-term growth but created consumer and commercial debt. People and businesses who were deeply in debt when price deflation occurred or demand for their product decreased often risked default. Many drastically cut current spending to keep up time payments, thus lowering demand for new products. Businesses began to fail as construction work and factory orders plunged.

Massive layoffs occurred, resulting in unemployment rates of over 25%. (US) Banks which had financed this debt began to fail as debtors defaulted on debt and depositors became worried about their deposits and began massive withdrawals. Government guarantees and Federal Reserve banking regulations to prevent such panics were ineffective or not used. Bank failures led to the loss of billions of dollars in assets.

The debt became heavier, because prices and incomes fell by 20–50% but the debts remained at the same dollar amount. After the panic of 1929, and during the first 10 months of 1930, 744 US banks failed. (In all, 9,000 banks failed during the 1930s). By 1933, depositors had lost $140 billion in deposits.

Bank failures snowballed as desperate bankers called in loans which the borrowers did not have time or money to repay. With future profits looking poor, capital investment and construction slowed or completely ceased. In the face of bad loans and worsening future prospects, the surviving banks became even more conservative in their lending.[8] Banks built up their capital reserves and made fewer loans, which intensified deflationary pressures. A vicious cycle developed and the downward spiral accelerated. This kind of self-aggravating process may have turned a 1930 recession into a 1933 great depression.

This is exactly what is happening today, so WAKE UP AMERICA, WAKE UP!!!  Huge credit crisis, cheap and easy credit, billions in defaulted home mortgages, 2 huge financial institutions crashing (IndyMac, Bear&Stearns), major layoffs, Fannie Mae and Freddie Mac needing federal bailout, raising oil, gold, food, etc. Prepare yourself now for the coming times and never be to foolish to think it can never happen. It has happened time and time again throughout history. WAKE UP AMERICA, WAKE UP WORLD!!!

Answer 3

I think it might be a tough go bu i will stock up on food and just ride it out it wont be real bad butit wont be good for many im afraid

Answer 4

Gold, silver, guns, ammo, can goods, and bottled water.

It is going to be bad, very bad.

Answer 5

with a song and a dance??