The doom sayers have been saying that now since 1914. No doubt that is true. It will end some year. No one on this Earth knows when, so just enjoy what little time that you have left.

My shtick is "DEPRESSION IS COMING!!". I think I am closer to the truth.

Depression News

The best definition of a financial depression is a period when supply overwhelms demand, resulting in falling prices, unemployment problems, and economic contraction.

Investopedia explains 'Great Depression'

The NYSE crashed on October 24, 1929, a day known as Black Thursday. Thousands of people lost nearly the entire value of their investments, leaving them with next to nothing. The trend continued and the following Tuesday, Black Tuesday, the DJIA dropped 12%, marking the start of the great depression. International trade declined, along with personal income, tax revenues and product prices.

Many economists believed the Great Depression was evidence that capitalism, when left unchecked, is a dangerous ideology.

This caused some nations to change their political structures, such as Germany, who adopted fascism.

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Indications of a depression will be a 12% drop in the stock market combined with a high rate of inflation. People will be purchasing gold as a hedge against the inflation, so watch the price of gold closely.


"Depression is coming". Half of Europe is mired in a recession with 20+% unemployment and 30+% poverty but keeps limping along from one financial crisis to the next.

The United States is so far in debt that it could not handle a recession, not alone a depression, but again keeps limping along from one financial crisis to the next.

Tuesday, January 29, 2013


The news has been quiet concerning any type of depression.

European countries have been trying to work through their economic problems.

The Mid-East has been at peace.

The price of gold has been dropping.

The United States Government been working it's way through the fiscal woes.

The stock market closed above 15,000 and is just short of the all time high.

Sounds good doesn't it?


European countries have resolved none of their economic woe and are still teetering on the edge of bankruptsy.

Great Britain is even considering withdrawing from the European Market.

Instability in Syria continues. Riots in Egypt and the attack on an Algerian natural gas facility have caused gasoline prices to shoot up 30 cents in the past three weeks.

In the United States, the 1% increase in payroll taxes on wage earners is just now beginning to be felt. Come the First of February when Christmas bills, home heating bills, rent, and car payments come due, there will be a slow down in the economy.

The US Congress passed a bill to raise the debt level which is only good for 3 months.

Watch closely for the signs of a depression!