The Greater Depression and what you should do about it

Financial Sense
by David Casey

06/27/08

It seems to me a near certainty that we’re about to enter something I have long called ‘The Greater Depression.’ I suspect it will be inflationary (in the direction of what Germany underwent in the early ‘20s, or Zimbabwe today), rather than what the U.S. had in the ‘30s. I should somehow trademark the term ‘Greater Depression,’ except that I’m sure Boobus americanus would then blame me for it. … What should you do? Reduce your standard of living now (while the situation is still under control), greatly increase your savings (in gold, which is real money) and rig for greatly changed patterns of production, consumption, employment and business for a considerable time. The hurricane that’s just starting to hit the economy will both trigger and worsen problems in other areas. Starting with politics, because nearly everyone today believes the ridiculous notion that the government should guide the economy...

//www.financialsense.com/editorials/casey/2008/0627.html


Informant: Thomas L. Knapp

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The Greater Depression
//www.lewrockwell.com/french/french91.html



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