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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.


Tuesday, May 4, 2010

When does a Senior Citizen become a “Senior Citizen”?

65?  60?  55?  50?  The answer is, it varies by where you are and who you are talking to.  Some places consider that any person fifty years of age or older is a Senior Citizen.  It could best be summed up by a restaurateur who said that if a person is nervy enough to ask for a Senior Citizen discount, Give it to him!

It is the responsibility of the Senior Citizen to ask for the discount.  Most establishments are considering their bottom line and will not offer a discount unless asked.  Restaurants are an exception to this and if you look old enough to be a Senior Citizen, many will routinely apply the discount without being asked. 

Senior Citizens should routinely ask for the discount when making purchases.  If you are told that no discount is offered, please make the purchase.  But make a note of the price, and the next time shop at a competitor, compare prices and ask before purchasing if there is a Senior Citizen discount.  Be prepared to walk out of the store.  In many cases, stores without a discount have better prices than those with discounts.

At present, there are over a hundred million Senior Citizens in America and this amount is growing every year.  Many firms realize this and have changed their marketing techniques to attract Senior Citizens.

Many firms still think of Senior Citizens as being Grandpa and Grandma on fixed income with no money for purchases.  The smart firms realize that Grandpa and Grandma on fixed income still have more disposable income than that young couple with a house payment, one or two car payments, credit card debt, and a couple, three children to raise.

So, if you are fifty years or older, don’t be afraid to ask for that “Senior Citizen” discount.  You are eligible for it unless told otherwise.

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