What is your take on our current Economic situation with Much higher Food Prices and the talk of a possible?

Question

Economic crises that might possibly lead this country into another Depression...............What preparations can be taken?

Answer 1

I am liquidating everything, so that I am all cash.  I think after the inflation bubble bursts, cash will be king, just as in 1929-36.

Economists are talking about deflation as a real likelihood.  After 70 years of inflation, we need a currency adjustment.

Answer 2

stop paying lazy people not to work.  I hate those lazy fatties who squirt out kids I'm supposed to pay for, and they get free money and homes and food.  Dudes, there are millions of em.  Give em a broom or shut off their money.

Answer 3

Why not just live your life and continue to be prepared for the future.  "Go forth and make disciples" is hat I intend to do. You see I am convinced My God knows what he is doing and why He is doing it thus I am content.

Answer 4

I was searching the internet and found this:

05-31-2008, 09:55 AM  

Mullenite  

Banned   Join Date: Apr 2008

Location: United States -

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*banks Will Run Out Of Money To Lend By Late This Year*

--------------------------------------...

"Hold onto your hats!!""

Better watch and Pray!!!

*BANKS WILL RUN OUT OF MONEY TO LEND BY LATE THIS YEAR*

The following may be a very difficult article to read, but do your

best to read it anyway. It is short. Whether this happens as

outlined below or on a slightly different timescale, we must keep

working as hard as we can to prepare "every needful thing". We have

modern day prophets that have warned us about this very thing for

decades, and ancient prophets that have warned us about these things

in the scriptures.

May I suggest that you pray and find out what the best direction is

for you to take and what items are most important for you to focus on

at this time. I so deeply hope that you have all you need to be

prepared in all things.

*~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~...

****** BREAKING NEWS ******

OFFICIAL DATA FROM THE FEDERAL RESERVE BOARD OF GOVERNORS CONFIRMS

BANKS WILL RUN OUT OF MONEY TO LEND BY LATE THIS YEAR

OUR "FRACTIONAL RESERVE" BANKING SYSTEM WILL COLLAPSE NOT LATER THAN 2009

d7fc9e9.jpg

The graph came from this website: http://research.stlouisfed.org/fred2/ser...

St. Louis Fed: Series: BOGNONBR, Non-Borrowed Reserves of Depository Institutions

The Chart above came directly from the federal reserve. It shows that

late this year, "Non-Borrowed Reserves of Depositiory Institutions"

will hit zero.

In layman's terms this means all cash reserves of the banks will have

been lent out; _there won't be any more money to lend to anyone_.

If banks have no money to lend, then consumers cannot buy things on

credit. Even if they could buy on credit, businesses will not be able

to borrow to restock inventory or get raw materials for manufacturing.

With consumers not buying and with business unable to manufacture or

restock, businesses will have to layoff employees. MASSIVE layoffs.

Huge unemployment.

As folks lose their jobs, they won't have money coming in to repay any

outstanding debts they already have. The bad debts will take out the

banks. No credit, no business, no jobs. Total economic collapse.

The only hope they have of delaying (not avoiding) this massive

collapse is to change the fractional reserve rules to allow Banks to

lend even more money than they have in reserves.

When they make that rule change, they will have to pump several

TRILLION in cash into the economy; which will result in almost

immediate hyper-inflation. Other currencies will rise sharply against

the U.S. dollar resulting in all imported goods skyrocketing in price.

Since we don't manufacture anything in our country anymore, these

skyrocketing prices will impact everything we buy.

As people find themselves unable to afford the basic necessities of

life, social chaos will erupt.

Cities, dependent upon outside sources of food and other goods, will

erupt into chaos sooner than outlying areas. There will be food riots.

As happens anytime a major emergency occurs, (people) will do what

they always do: loot, pillage and burn.

As the cities disintegrate into anarchy, folks in suburbs will soon

find themselves targets of starving, violent two-legged animals.

Without food to buy or steal in the cities, the savages will move to

attack the suburbs to take YOUR food and YOUR goods.

When this takes place, you'd better make sure you have enough guns and

ammunition to protect yourself, your family and your property. Shoot

to kill. Don't worry about the law, because there won't be any law.

Dialing 911 will be useless because the looting, violence and anarchy

will totally overwhelm local, county and state law enforcement.

Whether the feds change the fractional Banking rules now or not, the

scenarios outlined above will take place. The only question remaining

is WHEN the scenarios will take place: In September 2008, February

2009 or at some later date after the rules change once the

hyper-inflation kicks-in.

Ladies and gentlemen, I am sorry to tell you that in our lifetime we

will see the literal collapse of the United States. We will see

ourselves a nation gone mad. It will be a madness that cannot be

restrained, but which can only exhaust itself in blood.

.....let me make clear, all of the trouble coming at us later this

year and into early next year is going to happen because of our

federal government borrowing itself (and us) into oblivion.

Folks are already e-mailing me asking "What can I do to protect

myself." The short answer is prepare now. Start accumulating food to

feed yourself and your family for upwards of a full year!

Stock up on canned foods. Lots of canned foods. They don't go bad for

years and the price you pay now will be a lot cheaper than if you wait.

Buy large amounts of BREAD FLOUR to bake your own bread. If you cannot

get BREAD FLOUR, buy "All Purpose Flour" and also "WHEAT GLUTEN" to

add to it for baking bread. You'll need yeast for the bread, so buy

yeast too.

Buy large amounts of dried rice and dried oatmeal.

Buy Honey. Cinnamon, brown sugar and white sugar. Lots of white sugar.

Salt. Pepper.

When the crash happens and the supermarkets are empty it will be too

late. Plan now. You only have until September of this year to prepare,

so get to it.

You can cook some rice, open a can of food, pour the can over the

rice, heat it up and have a full, healthy meal.

At breakfast, you can cook up some oatmeal, put honey, cinnamon or

brown sugar on top and have a healthy breakfast.

Buy a gravity-fed water filter system and additional filters for it.

Have at least one hand gun for each mature teenager and adult in your

family. Have at least one twelve gauge shotgun for your family. Have

at least one hunting rifle, a 308 or 30-06 to hunt for food. Have

ammunition for each weapon and make certain you and your family know

how to use them all.

It's gonna get ugly, folks. Real ugly. The feds may delay it awhile,

but they cannot avoid it.

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Answer 5

If the economy insists on high prices then there is no shooter in the world who can break the plate. All bets for the future should be taken off the table.Liquidation of assets are a must. Save money and time , begin now. Turn the tables from betting to self preservation.