Economic Derpression of 2001

[Shrebly]

Treasury Department insiders are warning that America’s economic health will continue to decline over the next few months – leading to another Depression. Wall Street mogul Mark Tugent says this, “What our leaders know full well but are too afraid to tell the public, out of fear of sparking panic and a run on the banks, is that America is headed for a total economic implosion – one that will make the crash of 1929 look mild in comparison”

Projected Events:

Social Security checks will stop being issued – the government will no longer have the resources to provide funds.

Stock Market: Tugent says this: A stock market crash so devastating that even blue chip stocks will be worthless. Anyone with a 401K linked to mutual funds will see their nest egg dried up.

Nation wide bank failures. Domino effect will cause one bank after another to close their doors, along with progressive foreclosures on homes, automobiles and farms. [indirect quote from Tugent]

Small businesses will feel this first – without money coming in to pay the bills they will be forced out of business – unemployment compensation won’t be an option since those funds will have long since been sucked dry.

At the end of the day – widespread rioting will occur due to food shortages, lack of commercial goods and necessities.

Exerts suggest the following tips to survive this ‘social chaos’.

Stock up on canned foods, bottled water, medicines and non-perishable foods now before the prices go through the roof.

Withdraw small amounts of money from your bank account at a time – it’s most likely that cash will be useless since hyperinflation will be in effect.

Stock up on guns, ammunition and other items that can be used as weapons to safeguard your home, family and possessions. Start a neighborhood network – in case of things get bad you can all live together and exist as a team rather than unorganized homeless mutants.

[portions of this review were taken from Weekly World news, August 14th publication]

 

[WODIN]

Hey I have a shit load of ammo and fire power. You know us country fuckers, we like to shoot shit up!!! LOL!!!!

I do think we are heading for a serious recession for the Q3 - Q4 of 2001 and Q1 and possible Q2 of 2002. However I do not see a depression on the horizon since the banking powers that be won there battles with Washington a long time ago.

My reasoning is that you will see a base inventories reduction from the overstocks of the past 10 months and by the middle of next year factory orders will start up again for enduse retail establishments.

I do see a really shitty 18 months ahead for the auto industry. They're pretty well fucked from over production.

 

[BackDoc]

Even though I am optimistic and take economic forecasting with mixed expectations, I think my blood pressure just went up a few points.

 

[Milhouse]

The best way to beat this shit is to not read all the negative bullshit and accept it like everyone else.
This happens every so many years usally around the beginning of every new decade, we just dont notice until its too late for some.
My message to anyone involved in sales and service type industries is to just bust your ass twice as much.

I did this last year and I picked up a shit load of new cust and I am the only one in my company who has an increase of biz this year. Not alot because the regulars arent ordering as frequently ie every 6-8 weeks instead of 3-5. But with the extra cust I busted my ass to get it has definatly soften the blow.
Basically this can apply to any type of job out there. Can't gaurantee we can lose a job or business but the best way to try to keep this from happening is to increase yourself in value as an employee/employer.

And most important thing I have learned from not being prepared in the last recession when I started in the full time work force in 90-91 is to be ready when the good times start to roll again in the next year or 2.

Take courses in school to enhance your value in the work force, get a second little job no matter how shitty or below you it might be to keep your head above water, pay off or keep as much out of debt possible.

Anyone over the age of 30 will rmember this.
Back in the late 80's lots of people (they were called yuppies) were making a shitload of dough and enjoying a very wealthy lifestyle, some quite arrogantly. Then the ass fell out and alot of people thought this was the end, and some got put in thier place by not being prepared.

Same thing just happened to a new crop of companies and people over the past year and a bit.
History repeats itself, you get bad times, then good times, rest and repeat.

 

[Imnotdutch]

Wow great post.....hard work can make up for alot of things. This is the difference between those that sink and those that swim.

I have a freind in sales. She works incredibly hard and despite being given a shitty territory her sales still went up this year and she is in the top 1/3 of the sales force.....so now they want to move her to something more productive!

The best way to beat this shit is to not read all the negative bullshit and accept it like everyone else.
This happens every so many years usally around the beginning of every new decade, we just dont notice until its too late for some.
My message to anyone involved in sales and service type industries is to just bust your ass twice as much.

I did this last year and I picked up a shit load of new cust and I am the only one in my company who has an increase of biz this year. Not alot because the regulars arent ordering as frequently ie every 6-8 weeks instead of 3-5. But with the extra cust I busted my ass to get it has definatly soften the blow.
Basically this can apply to any type of job out there. Can't gaurantee we can lose a job or business but the best way to try to keep this from happening is to increase yourself in value as an employee/employer.

And most important thing I have learned from not being prepared in the last recession when I started in the full time work force in 90-91 is to be ready when the good times start to roll again in the next year or 2.

Take courses in school to enhance your value in the work force, get a second little job no matter how shitty or below you it might be to keep your head above water, pay off or keep as much out of debt possible.

Anyone over the age of 30 will rmember this.
Back in the late 80's lots of people (they were called yuppies) were making a shitload of dough and enjoying a very wealthy lifestyle, some quite arrogantly. Then the ass fell out and alot of people thought this was the end, and some got put in thier place by not being prepared.

Same thing just happened to a new crop of companies and people over the past year and a bit.
History repeats itself, you get bad times, then good times, rest and repeat.

 

[WODIN]

Very Good post milhouse.

 

[Milhouse]

Thanks,
Would you believe that pre mid 1993 no company would let me near the customers for fear I would tell them to fuck off.
I did it a few times in that period, something about having an attitude problem. Now I cant work a job where I dont get to work with clients. Funny how life goes.

Thank my dad for that.

 

[FrankRizzo]

Social Security checks will stop being issued – the government will no longer have the resources to provide funds

GOOD! that little piece of socialism was doomed from it's get go. This will be one good thing that is produced by the recession. Maybe once people have this money back in their take home pay they can invest it in the PRIVATE sector and the economy will be boosted as a result.

 

[booger]

This is Good

My ammo is nearing its 'expiration date'.

 

[RyanH]

1998-1992: GEORGE BUSH SERVED AS PRESIDENT----economy hits recession.

1992-2000: WILLIAM JEFFERSON CLINTON SERVED AS PRESIDENT------economy flourishes.

2001------: GEORGE BUSH SERVES AS PRESIDENT----economy begins to slide towards recession.

ANYONE SEE A PATTERN HERE? Hold onto those 300.00 refunds, you might need it!!!!!