Theres been ALOT of talk about the economy finally collapsing and us going into another depression, this time worse than the last.

This might be an extremely stupid question but: What exactly happens during a depression? Besides 95% of the country going poor, what else happens?
Where do we get our money?
What happens to all the money in the bank?
What jobs are available?

The last depression resulted from the market crash. People had a lot of stock investments and when the stock tumbled they lost their value. What made the market crash even worse was there was debt owed for the stock they bought, i.e. using loans to buy stocks, so when the stock fell they still owed the full debt. And even selling the stock wasn't enough to pay the debt.

What's would happen to the money? Most of it is leaving the country in the form of government bonds and interest payments. There's even a bit of it leaving by remittances from immigration workers sending money back to families (not that it's a big deal but it no mere pittance; I think $1.2 bil a year according to Foriegn Policy Magazine). The worse is the value of the dollar falling making foriegn good too expensive for American consumers to afford such as commodities in natural resources like oil, natural gas.

China would have to decouple the fix rate of exchange with a drastically falling dollar to keep from being dragged under, so that would be the perverbial canary in the coal mine if they did that. Most likely they'll do an easing adjustment because they have billions in US securities they don't want to loose their investments in. But if its time to cut bait they could conceivably dump US dollars off into other investment safe havens, perhaps secretly (it be hard to do) so as not to cause a severe slide in the dollar's value.

An economic crash for the US of the worse kind would be record filed bankruptcies along with climbing commodities prices(like gold and oil/energy). Watch the housing market, cause a lot of folks are banking on the value of their properties to go up in order to cover those interest only loans. But if it pops...

GEOGRAPHY:



1.) If you are financially able to do so, you should consider selling your city
or suburban dwelling and find a place in the countryside with land for
farming. If you farm already, try to plant hybrid seeds that regenerate
themselves year after year.

2.) If like most of us, you can't buy a house in the country, try to find a
place in the country that you are familiar with and feel comfortable in.
Places like a favorite camping spot or a relatives home or somewhere you
go hiking frequently. You will need a spot like this because inner city
neighborhoods will not be a safe place to stay during hard times and the
problems will quickly escalate outside to suburbia.

3.) The optimum places to be are at least 200 miles away in every direction
from major cities, military bases and coastal areas.
. . . . .
I really feel that things are changing and possibly more than we know. I think this comet thing is at the very least a warning and possibly a real threat. If something happens, please get out of the cities...the Lord may use you there, but if so, He will supernaturally send you in and take you out.....it won't be a place to try and stay to live! This country is not prepared for what is coming. I encourage you to look up "martial Law" and what that entails. Military takes control of everything...including letting people move about freely...of course without any transportation that means no movement will be possible!
. . . . .
Amos Scaggs, a prophet, saw a vision........I saw the American people living as they did in the mid 1700's.
Choosing sides with the enemy against their brothers just so they could survive.
Living in the woods fighting the enemy as they did in the early Indian wars.
This is like the turn of the century 1800's not civil war times.
Within the next this will happen in AMERICA.

Would all my money in the bank disappear?

Your money would mean nothing at this point, it has to be backed by something tangible.

I give courses on hunting game.

Jeep

No, you just wouldn't have any of it....lol.


I'm sorry. I have never seen so much doom and gloom as I find here some days.

What happened to hope and faith?

A worldwide depression would literally kill millions of people who can't feed themselves and have no resources to even attempt to feed themselves.

But why the concern?

Fear is not of God. Remember that.

We were created to live full and complete lives. Live, don't waste time thinking about death, be it financial or physical. Spiritual death is the only thing to fear and another Depression can't cause that, you have to turn your back on God to die spiritually.

Only if the bank doesn't have the cash on hand to repay what you have given them. In a depression, money(paper) is not scarce, it just isn't worth anything.

I'm sure someone on this site sells gold and silver

Where is your treasure?

Me...I have no treasure, I'm so poor I can't even pay attention most times.

I only have a promise.

Jeep

Gold and silver are good ways to secure value to your assets, but ultimatly it is still just money. I think there is wisdom in seeing through the financial facade and making choices to secure what you have in order to bless and take care of others, but if it is motivated out of fear or greed, why bother?

God has always provided for what my family needs. He has never let us down when we have trusted him.

If the signs posts that are starting to show up scare or worry you, I encourage you to evaluate your foundations. There is no reason to be afraid.

The million dollar question. (pun intended)

It depends on your bank. Most banks in the US are FDIC, or Federal Deposit Insurance Corporation, up to $100,000. If you have deposits exceeding $100,000 you're better off opening up at least a second bank account to protect your savings of over a hundred thousand dollars.

But, the issue most likely faced is that your money will not be worth as much as prices will climb (inflation), which investors try to protect against by diversifying their investments having returns greater than the rate of inflation.

Fear is a healthy thing....as long as you can see it as a real assessment of yourself and that alone.

Let say there was a depression...logistically, the banks can't do what they are "secured" to do, believe me. They can't transfer enough money to all their patrons to clear all "debts" (which mean give you the money you think you actually have in there but which is, in reality, just numbers on a computer).

The real problem is not whether you have gold or paper, it is "What does the Bible say?" The answer is, even if you have money stuffed in your mattress and go to the store...there won't be anything there to BUY.

Revelation CLEARLY states that they will throw their money out into the streets because it sill do them no good at all.

SO>>>>if you aren't as self seficient as you can be, without the need of a depression in the works, you SHOULD be scared. You aren't even in the fight. For heaven's sake and the sake of those around you, stop being so dependent on the world for what yo need.

Get a little place, buy a cow, raise some chickens, learn to hunt, figure out what it is that you need and see how far you can go to do it yourselves.

Only then can you tell them they can't tell you what to do, or where to go, or what to say wherever you are.

leia

Leia, i am applauding you on that post.
Amen!!

I DON'T KNOW HOW WE CAN'T BE CLOSE TO ECONOMICAL DISASTER, DUE TO GAS, PEOPLE IN THE NEWS SHOWED LAST NIGHT, THAT PEOPLE ARE SELLING LOTS AND LOTS OF HOUSEHOLD DECOR, ETC, UNNECESSARY THINGS, FOR GASOLINE!!

THE HIGHER GAS GOES, THE LESS PEOPLE TRAVEL, SPEND ETC......I DON'T KNOW BOUT ANYONE ELSE, BUT I'M ABOUT TO GET INTO REAL GOOD SHAPE, WALKING...........LOL

People have realized that saving money is like keeping Satan. The economic theory is still the old trickle down theory. The more you pay the leaders the more the money trickles down. The more perks that you allow the senators and congressmen the more perks trickle down. Right?

trickle right down the toliet