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Page added on April 8, 2018

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Surviving The Next Great Depression

Consumption

Numerous economists and investors are warning of another great financial crisis to come but few people want to listen to them. No crisis is ever exactly like the last one and the next great depression will be different from the last one. In the last depression those who had money were in a good financial position to ride it out but the next depression will see those with fiat money drowning in it as it becomes worthless.

Very few Americans have any significant savings today. Most live on credit and those with savings have it stored in financial instruments that will be wiped out as the bankers collapse the system to hide the theft they have been involved in for decades. Those who think they will retire with their IRA, pensions or social security will suddenly find them all gone never to return leaving them with no means to care for themselves.

The west line has moved to Asia. This means that North America is no longer the shipping center of the world. The consequences of this for Americans will be disastrous. This means our economy in the future will be smaller and slower and will result in a standard of living far below what it currently is.

Those that own very few assets free and clear will become the new homeless as they become jobless and default on all of their credit obligations.

All of the social safety nets that exist now to keep people fat and happy will fail leaving mobs of people to roam the streets to seek out what they need to survive.

One only has to look at Venezuela today to see where this will all lead.

The basic minimum wage in Venezuela today is $7 dollars a month. Not a day or a week but a month. Those that hold local currency see it devalue on a daily basis making things increasingly worse as time goes on. Had any of these people stored some of their wealth in gold they would have the ability to live a little easier as the economy collapses. One ounce of gold in the hands of a Venezuelan today would last them for years. This is a lesson we all need to heed.

Simply storing some of your wealth in gold and silver is no cure all but it is part of a bigger strategy to insure you do not have to suffer as many will in the coming years due to their blind faith in their belief the government will care for them. Keep in mind that the government is actually controlled by the same people that will destroy your standard of living so why would they care about your suffering.

Understanding what will likely happen and insuring you have a plan to deal with it is the only hope you will have of coming through the coming bad years in tact. Those who trust in government or only live for today will reap what they sow and it will be unpleasant at best if they survive at all. A simple strategy to insure you do not suffer does not have to be expensive or complicated. The best plans are simple and allow you to adapt to the changing times. If you invest in a simple, inexpensive plan and the world somehow goes on as normal, you will not be any worse for the investment but if things takes an unexpected turn and your plan becomes necessary, it will allow you to survive the crisis much better than the bulk of the population.

The strategy I outlined in The American Dream Lost is a basic plan that will work for just about anyone but is mainly designed for those that have only a few thousand dollars to draw on in an emergency. That is to say it is designed for the majority of Americans that have little money. It is important to understand that a plan of this type is an insurance policy against bad times that can do great harm to you and your family and needs to be understood in that light.

One of the worst problems people have is that when something bad begins to happen they attempt to continue living as they always have and ignore the future consequences until it is too late to do anything meaningful about it. If a person loses their job they continue to live as they always have using up their small savings in the hope that things will change for the better before they run out of money. Sometimes they win and sometimes they lose, it depends on how lucky they are. This type of mentality often leads people to the point where they run out of money and only then do they try to come up with a plan. The problem is, by then they have no resources left to enact a plan with. This is what you need to avoid.

When your economic situation suddenly changes for the worse you need to immediately sit down and determine what the future is likely to look like. It is good to be optimistic but if the chances of finding a new job are not very good you need to decide how best to use what resources you have to maintain a decent living standard. You may have to make some very difficult choices but the option of doing nothing could be very harmful in the long run. For those that decide radical steps may be needed to continue caring for their family the following list is a good place to start.

Buy a years supply of basic foods and supplies that store easily

Buy some durable clothing for future use

Buy an older vehicle for cash that can pull a trailer

Buy a good used camper trailer for cash that can house your family

Buy a weapon and ammo for protection and hunting purposes

Buy a few rolls of silver coins to preserve wealth and act as an emergency fund

What this gives you is the ability to continue caring for your family even in the worst of situations if everything is lost to creditors. They will have food, shelter, clothing, transportation, security and the ability to buy critical items that are needed at some future time. Convincing your family they have to move to a camper for a while would not be easy but the alternative of being homeless would make it an easy choice. The fact that thousands of people all across America are at this very moment living in tents near large population centers is proof enough it can happen.

Depending on your shopping skills all of these things can be secured for under $5,000 dollars and much less if you have time to look for bargains. Your plan may be slightly different depending on the resources and skills you have. You may have access to a small piece of land you own somewhere that a cabin can be built on or you may have the skills to retrofit a van body truck or enclosed trailer for living in. In situations like this skills are worth as much as gold coins.

When the next great depression hits it will be unlike anything we have lived through before. Nothing will be as it seems and only those that have the resources to adapt will come through it whole. Preparation is the key to adapting to future events and those without resources will reap a bitter harvest as they struggle to survive. No announcements will be made, no warnings will be given by the establishment, it will just suddenly happen out of the blue and everyone will say it was unpredictable. But those who prepared will know better.

Project Chesapeake



85 Comments on "Surviving The Next Great Depression"

  1. Cloggie on Sun, 8th Apr 2018 9:58 pm 

    “kWhs of electricity will not put a man on the moon, or feed 7.6 billion people Cloggie. We are facing a liquid fuels crisis, not an electricity crisis.”

    We’ve had this discussion zillion times before, anything down to earth can be done with electricity, roaf-transport, mining, agriculture, even flying, which is not very down to earth:

    https://deepresource.wordpress.com/2017/08/08/electric-flying/

    Not that flying matters…

  2. MASTERMIND on Sun, 8th Apr 2018 9:59 pm 

    Don’t worr Clogg, when we run out of oil we will all just go back to riding horses again! And there will be a great new job opening up for you “Shoveling Shit” out of the street all day..So get ready to work from sunrise to sunset to earn those daily government food rations…Only two rules….”NO COMPLAINING and NO DRUGS”…..

  3. MASTERMIND on Sun, 8th Apr 2018 10:01 pm 

    Clogg

    Batteries for everything including planes! LOL
    We dont have enough resources to procedure them. even if they could (Which they can’t)..

    Shortage of resources for renewable energy and food production (Rhodes 2011)
    https://www.scribd.com/document/375501088/Shortage-of-resources-for-renewable-energy-and-food-production-Rhodes-2011

  4. Cloggie on Sun, 8th Apr 2018 10:12 pm 

    Keep on telling yourself it won’t work and as such talk yourself into the grave, exactly the location where you belong, you loser.

  5. GregT on Sun, 8th Apr 2018 10:17 pm 

    “when we run out of oil we will all just go back to riding horses again!”

    Buy yourself a good mountain bike MM. Much cheaper, and easier to maintain, than a horse.

  6. GregT on Sun, 8th Apr 2018 10:20 pm 

    “Keep on telling yourself it won’t work and as such talk yourself into the grave, exactly the location where you belong, you loser.”

    MM has already made himself very clear Cloggie, that his own personal solution is not to talk himself into the grave, but to commit suicide.

  7. makati1 on Sun, 8th Apr 2018 10:29 pm 

    2016: electric energy use was about 18% of the TOTAL energy use in the world. So, if ALL electric was produced by “renewables” it would still be less than 1/5 the total energy needed to run our world. WIKI

    Approximate “renewable” energy used in the world in 2016 is <3%. Got a long way to go to reach even 18%. Never going to happen.

  8. MASTERMIND on Sun, 8th Apr 2018 10:34 pm 

    Clogg I bet you go insane in a few years. I mean if you cant handle the truth now. what are you going to do when the supplies start running out?

  9. makati1 on Sun, 8th Apr 2018 10:43 pm 

    MM, if you do not own a farm, you will never have a horse. You obviously have no idea what you are talking about. You don’t park a horse in the garage and forget about it. Take Greg’s advice and buy a bike.

    For your education:”A healthy diet for horses”

    https://www.rspca.org.uk/adviceandwelfare/pets/horses/diet

  10. GregT on Sun, 8th Apr 2018 10:45 pm 

    As mentioned numerous times here before makati, our electricity here is 100% from hydro, no intermittency, and as ‘renewable’ as it gets.

    Still not renewable without fossil fuels however, and in no way will ever solve a liquid fuels crisis.

  11. GregT on Sun, 8th Apr 2018 10:49 pm 

    “I mean if you cant handle the truth now. what are you going to do when the supplies start running out?”

    What truth is it that you believe makati1 can’t handle MM? Because from my understanding, it would be you who is having difficulties handling truth.

  12. GregT on Sun, 8th Apr 2018 10:58 pm 

    My bad MM. What truth do you believe that Cloggie can’t handle?

  13. makati1 on Sun, 8th Apr 2018 11:21 pm 

    Yes, some areas of the world do have a high percent of renewable electric Greg. Even the Ps is more than 33% renewable electric.

    “…since we passed the law in 2008, (Renewable Energy Act of 2008,) from what used to be just 22 renewable energy projects, we now have 406 projects, either already built or being constructed,” he says. …

    The Philippines now meets over a third of its energy needs through renewable sources.”

    https://www.cnbc.com/2016/08/09/the-philippines-renewable-energy-sector-is-booming-and-it-could-get-bigger.html (2016)

    And the beat goes on…

  14. Cloggie on Mon, 9th Apr 2018 12:06 am 

    Approximate “renewable” energy used in the world in 2016 is <3%. Got a long way to go to reach even 18%. Never going to happen.

    Europe is at 20% and every year 90% of new capacity is renewable. Do the math. In 2050 the goal will be reached, but since we would be perfectly OK with 50% or even 33% of our current energy consumption, we will be in energy safety long before 2050.

    Robocars by 2030 will bring a huge energy saving bonus. Since it doesn’t matter if a car/van has your standard 1.25 or 9 passengers, 1 billion cars in the world can be replaced by 1/6 billion cars. If you additionally increase usage rate of a car from 2% now to 20% for robocars, you can further reduce the number of required vehicles to 166/10=16 million Ford Transit-like vehicles (3 x 3 benches) worldwide.

    This is of course a back-of-an-envelope calculation, but it should nevertheless give you an impression of the gigantic potential to save energy (fuel plus embedded energy of the car fleet) and keep modern society from crashing.

    It is obvious that the car infrastructure with 60 times less vehicles can be utterly modest. Bye-bye endless concrete monster structures like fly-overs, high-ways, parking lots, noisy cities. 2-lanes suffice everywhere. Yet another majestic saving potential. “Decline” is going to be big fun!

  15. GregT on Mon, 9th Apr 2018 12:16 am 

    ““Decline” is going to be big fun!”

    Without a doubt Cloggie, you are an eternal optimist. Nothing wrong with that, at least you are making a concerted attempt to find workable solutions.

    Apologies, but I for one, do not share your optimism, and I am by no means a pessimist.

  16. MASTERMIND on Mon, 9th Apr 2018 12:25 am 

    The West’s souring mood is about the psychology of dashed expectations.
    -Edward Luce, Financial Times

  17. MASTERMIND on Mon, 9th Apr 2018 12:26 am 

    Solar and Wind produced less than one percent of total world energy in 2016 – IEA WEO 2017
    https://www.iea.org/publications/freepublications/publication/KeyWorld2017.pdf

    Bill Gates: We need global ‘energy miracles’
    http://www.cnn.com/2010/TECH/02/12/bill.gates.clean.energy/index.html

  18. MASTERMIND on Mon, 9th Apr 2018 1:15 am 

    The likeliest reasons why we haven’t contacted aliens are deeply unsettling
    http://www.businessinsider.com/why-aliens-have-not-contacted-humans-2015-9

  19. Davy on Mon, 9th Apr 2018 3:38 am 

    “Europe is at 20% and every year 90% of new capacity is renewable.”
    Around 6%-7% is wind and solar. There is no meaningful storage for the renewable penetration needed to talk about renewable transition.

    “Robocars by 2030 will bring a huge energy saving bonus.”
    These vehicles are not even on the road yet except experimentally. They are unaffordable at the moment. The economy may not be robust enough by 2030 to talk about ramping up 200MIL of them. It is unrealistic to think 200MIL vehicles will support the economic activity we need to have to support the current economy. You forget about ships, trucks, heavy equipment. There are hundreds of other applications that are fossil fuel driven in addition

  20. Sissyfuss on Mon, 9th Apr 2018 9:13 am 

    Wow, Davy. You just pissed on Clogs noggen and told him it’s raining.

  21. BobInget on Mon, 9th Apr 2018 9:34 am 

    Tidd Bits found:

    All of the major U.S. hydrocarbon liquids inventories are at historically low levels
    All of the major U.S. hydrocarbon liquids inventories are at historically low levels.

    The U.S. and all of the OECD countries, whose economies depend heavily on these commodities, should have at least 30 days of supply. EIA reported the following levels of liquid inventories in the U.S. as of March 23, 2018. All of them are lower than the previous week.

    • Crude oil: 26.1 days of supply

    • Gasoline: 25.6 days of supply

    • Jet Fuel: 23.2 days of supply

    • Distillates: 32.1 days of supply

    • Propane: 24.8 days of supply

    Refined products inventories have been low since Hurricane Harvey shut down more than 30 percent of U.S. refining capacity for over two months. The U.S. has struggled to get back to 30 days of supply for most of these critical refined products. The world’s largest economy is heading into the peak period of demand for transportation fuels with very little cushion.

    Last year, global demand for products made primarily from oil increased by 2.3 million barrels per day from the first to the second quarter. A similar spike in demand is expected this year. In their March “Oil Market Report”, IEA said that global demand for oil will exceed supply within sixty days.

    “Stocks (of crude oil and refined products), and specifically OECD stocks, remain the most-cited indicator of oil market re-balancing. In this Oil Market Report, we note that in January they increased month-on-month for the first time since July. However, the increase of 18 million barrels was half the average level for January seen in the past five years. Indeed, the surplus of total OECD stocks against the five-year average fell for the ninth successive month to 50 million barrels, with products showing a very small deficit.” – IEA Oil Market Report, March 15, 2018

    BIG NUMBERS: Here is where I need to remind you that we live in a world that will soon be consuming over 100 million barrels per day of oil based products. The “surplus” of 50 million barrels is just twelve hours of supply.

    IEA goes on to say: “…market re-balancing is clearly moving ahead with key indicators – supply and demand becoming more closely aligned, OECD stocks falling close to average levels, the forward price curve in backwardation at prices that increasingly appear to be sustainable – pointing in that direction. In our chart, we assume for scenario purposes that OPEC production remains flat for the rest of 2018, and on this basis there will be very small stock builds in 1Q18 with deficits in the rest of the year. With supply from Venezuela clearly vulnerable to an accelerated decline, without any compensatory change from other producers it is possible that the Latin American country could be the final element that tips the market decisively into deficit.”

    Since the IEA report was publish on March 15th there have been more signs of oil market tightening:

    • Petrobras, Brazil’s No. 1 oil producer announced that February liquids production was 2,080,000 barrels per day, down 1.0% month-to-month, the fifth consecutive monthly decline.

    • Government data shows that Colombia’s oil production in February was down 4.8% year-over-year amid intensified pipeline sabotage, with negative read-through for Ecopetrol.

    • According to media reports, production at the Kashagan Field, an offshore oil field in Kazakhstan’s zone of the Caspian Sea (Eni, Shell, Total, Exxon are among the partners) has fallen from 300,000 barrels per day to 180,000 barrels per day just since March 20. The field, discovered in 2000 that is located in the northern part of the Caspian Sea, is considered the world’s largest discovery in the last 30 years.

  22. Davy on Mon, 9th Apr 2018 10:48 am 

    Shut up slimy. You ultranationalist west coast Canadian anti-American Nazi cunts really make me puke.

  23. Davy on Mon, 9th Apr 2018 11:39 am 

    *for the record that is not my comment immediately above*

  24. Cloggie on Mon, 9th Apr 2018 12:01 pm 

    *for the record that is not my comment immediately above*

    There is only one here capable of false flags. The one that brags that war with Russia is only one false flag away. Millimind/apneaman.

    Talking about war, we are being suckered into one… Skripal, poisson gas:

    https://www.lewrockwell.com/2018/04/no_author/why-the-russian-double-agent-skripal-could-not-have-been-poisoned-with-novichok/

    The Syrian war was instigated by the US, “under Obama”…

    https://documents1940.wordpress.com/2017/11/05/qatar-admits-us-turkey-ksa-qatar-conspired-in-syrian-war/

    …and has cost 500,000 deaths and counting. And now the US seeks the moral high ground on what is likely a fake poison gas attack, that might as well have been instigated by Israel, our famous “moderate Muslims” or the CIA.

  25. Cloggie on Mon, 9th Apr 2018 12:03 pm 

    Read the readers comments, the majority isn’t buying that “poison gas attack”:

    http://www.breitbart.com/big-government/2018/04/08/trump-attacks-putin-backing-animal-assad-syria-chemical-weapons-reports/

  26. GregT on Mon, 9th Apr 2018 12:03 pm 

    Hmmm Davy. It’s not like you haven’t said exactly the same thing a hundred times before. If it really wasn’t you, then you should be thankful to whoever wrote it. They just freed you up some spare time to go and attack somebody else.

  27. MASTERMIND on Mon, 9th Apr 2018 12:10 pm 

    Clogg

    Of course it was a fake attack! I told you a false flag was coming! And Trump is turning on Putin! LOL HAHAHA DEEP STATE FOR THE WIN! BITCH! Putin is going down!

  28. Davy on Mon, 9th Apr 2018 12:11 pm 

    Greggie, I am above board about my attacks. I don’t say these thing out of the blue like you and the
    Weasel. I say them in response to your attacks. I wouldn’t put it past you to be responsible for these handle hijackings. You have no scruples in regards to respectable behavior if the means justfies the ends but you paint the picture of the upstanding Canadian.

  29. GregT on Mon, 9th Apr 2018 12:14 pm 

    “You have no scruples in regards to respectable behavior if the means justfies the ends but you paint the picture of the upstanding Canadian.”

    More of your usual paranoid delusions Davy.

  30. Cloggie on Mon, 9th Apr 2018 12:15 pm 

    Of course it was a fake attack! I told you a false flag was coming! And Trump is turning on Putin! LOL HAHAHA DEEP STATE FOR THE WIN! BITCH! Putin is going down!

    How, satan?

    https://pbs.twimg.com/media/C-o-dh1VwAAb4-9.jpg

  31. MASTERMIND on Mon, 9th Apr 2018 12:22 pm 

    More migrant workers needed to offset ageing population, says IMF

    https://www.theguardian.com/business/2018/apr/09/get-more-migrant-workers-to-offset-strain-of-ageing-population-warns-imf?CMP=twt_gu

    Told ya again Clogg! Lets open up those borders! And tell the white woman to shut up and open those legs! A big African migrant dick is coming for ya!

  32. Cloggie on Mon, 9th Apr 2018 12:23 pm 

    There is possibly going to be a war between the US/UK with Israel “leading from behind” and Russia/China/Iran/Turkey.

    But Europe? Poland perhaps, wouldn’t be the first time they volunteered to be the useful idiot of the US. Ah well, perhaps it is time for a fourth partition of Poland.

    https://en.wikipedia.org/wiki/Partitions_of_Poland

    Europe refused to fight in Iraq. Served them well.

    Again, the one who enters the war last, usually wins.

  33. Cloggie on Mon, 9th Apr 2018 12:25 pm 

    Told ya again Clogg! Lets open up those borders!

    It’s that time of the year again:

    https://www.biblebelievers.org.au/expelled.htm

  34. MASTERMIND on Mon, 9th Apr 2018 12:28 pm 

    More migrant workers needed to offset ageing population, says IMF

    https://www.theguardian.com/business/2018/apr/09/get-more-migrant-workers-to-offset-strain-of-ageing-population-warns-imf?CMP=twt_gu

    UN Population Division Immigration Replacement Plan for US, Europe, and Japan.
    https://imgur.com/a/6Vr7P

    Clogg your pathetic populist uprising is falling apart! You cant beat the masters of the universe.

  35. fmr-paultard on Mon, 9th Apr 2018 12:51 pm 

    ^mm^ hope you’re well and copying well with status of terminal tard degree. you either grab luke 22:36 or you’re friendly with it. I ask you no tto grab it, please.

    you’re talking to a eurotard who thinks he’s a panthenon of human developent. mediocre people often think that.

    why don’t you listen to real supertards. forget about your diploma from michigan and your chemistry degree. it’s worthless.

    https://www.youtube.com/watch?v=1HWo9eYL1Rk

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