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THE WORLD IS COMING TO AN END!!

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.

Read more:

http://www.investopedia.com/terms/g/great_depression.asp#ixzz1lo6dD63E


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.

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"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.


Monday, May 31, 2010

Memorial Day 2010

The Senior Citizen and Memorial Day

Memorial Day is a time to honor and remember our ancestors.

Memorial Day is a time to honor and remember those servicemen who died defending our country as well as those who defended our country and passed on in later life.

Memorial Day is a time to honor and remember those veterans who served in our armed forces and are now alive to explain why it was worthwhile serving.

Last but not least, Memorial Day is a time to honor and salute those servicemen who are now on duty in our armed forces, defending our country, and our ideology of "Freedom for All".

Sherman said, "War is Hell".  Americans have been willing to tackle the horrors of war since they first declared their independence in 1776.

Americans believed in freedom and fought off many attacks upon our home land.  Americans believed in freedom and fought many wars on foreign soil.

We are even now fighting in Afghanistan.  We just surpassed a milestone.  One thousand American servicemen have lost their lives fighting.  This sounds terrible until you remember that over two thousand seven hundred innocent civilians lost their lives in the cowardly attack on the World Trade Center.

We will soon be passing another milestone in Afghanistan.  The war in Afghanistan will become the longest war the United States has had to endure in its history.  The length of this war is testing the resolve of the American people and the American government.  It brings up the question of, "How long should we fight for freedom?".  I am not talking about the freedom of the Afghanis, I am talking about freedom here in America.  To withdraw from Afghanistan is to invite more terror attacks on American soil.

Many Americans think of the war in Afghanistan as being some sort of religious war where it is, "Us against them Islamics".  They wonder why we should be engaged in such a war since we believe in freedom of religion.

The war in Afghanistan is a war on terror, and there should be no mistake about it.

The United States faces three primary foes in Afghanistan.

Al Quaeda - A loose group of terrorists who detest the United States because of our open society and freedoms.

Taliban - A loose group of drug lords who believe in ruling through force and fear.

Islamic radicals - A loose group of Islamic clerics who believe that you should worship the way they tell you or you should die.

The United States should have two main goals in Afghanistan.

1.  Prop up a very weak democratic government.  Until now, Afghanistan has been ruled by dictators or despots, when there was a government.  The United States needs to support the government until it is strong enough to defend itself.

2.  Eradicate the Al Quaeda, Taliban, and Islamic radicals.  As you read this, one or more of these groups is plotting an attack upon the United States.

What does this have to do with you, the Senior Citizen?

Write your Senators.  Write your Representatives.  Write the President.  Tell them you support the troops in Afghanistan.  Tell them you support the war against terror in Afghanistan.  Tell them to vote the funding for the Afghanistan war.  Tell them to give our troops the equipment necessary to conduct their mission!

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