Tuesday, December 9, 2008

More doomsday forecasts

This is scary. It seems like just about everyone who foresaw the current economic crisis now says it's just the tip of the iceberg.
"...the U.S. will enter a long period which could be worse than the Great Depression... might lead to martial law..."
"...severe stagnation and deflation... food riots..."
"...the U.S. will go bankrupt sooner or later..."
"...'capitalism I' is over, and things will get very bad before we get to a new form of 'capitalism II'..."
"...our entire modern society will crash and break down..."

How to prepare for the coming depression? A quick, unscientific survey of web sites seems to reveal three prevalent threads:
  1. Stock up on dry beans and canned goods, and learn to garden and can your own veggies;
  2. Buy gold and other precious metals, which will hold their value through collapse of the currency system; and
  3. Be prepared to live off the land and to ward off aggressors - this means getting weapons and learning to use them for hunting and self-defense.

NOTE: This is not an endorsement of any of the above predictions or advice. But they sure do provide food for thought.

No comments:

Post a Comment