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Page added on April 8, 2018

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Surviving The Next Great Depression

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. Outcast_Searcher on Sun, 8th Apr 2018 12:00 pm 

    Sounds like the same kind of advice being given in the mid 80’s by lots of financial doom newsletter writers.

    Oh, and put all your money into gold and silver, which has underperformed both the US and a good mix of global stock markets manyfold since.

    The meme at that time was hyperinflation.

    Saving is good. Balance in life and being prepared to weather a problem is good.

    Living a life hiding from “the big one”, sure it is about to arrive at any moment isn’t practical or profitable.

    Does the first world have problems? Yes. Does that mean it’s run like Venezuela? Not by a long shot.

    Doomers gotta sell doom. Especially when they’re profiting from it.

  2. Outcast_Searcher on Sun, 8th Apr 2018 12:18 pm 

    Ah, the evil bankers who have been “hiding” theft for decades. Who will, en masse, “collapse the system” via “theft” for decades.

    Yeah. Because in the first world, audits don’t happen. Because the financial crisis of 2008-9 never ended, despite all the growth since then.

    How many decades should followers pay for and listen to such nonsense? Does logic, evidence, and credibility count for nothing?

    OTOH, in the US, recently, 25% of people thought the Sun rotates around the earth.

    (Using the same logic as evolution denial, AGW denial, and science denial in general, apparently. After all, you can SEE that the sun’s position in the sky changes, so it MUST revolve around the earth, no matter what those pesky astronomers say, right? ***sigh***)

    How does living by fear, superstition, and intuition work out for the author in the modern world where science, education, and math are key to economic success?

  3. Davy on Sun, 8th Apr 2018 1:25 pm 

    How does living by irrational exuberance, techno optimism, and blind beliefs in markets work out for our board cornucopian when they no longer work. We have people that have been habituated to a way of life that is by no means safe from shocks. We have overcome previous challenges most of the time others dangers have been ignored in a classic extend and pretend cycle of kick the can.

    I am less a doomer today but still a doomer. We may have more time than I thought but we also have new geopolitical issues of cold wars, trade wars, and political civil wars. I see no reason to be optimistic but I do see reasons to be less worried about some of the issues that used to be doomer material.

    Energy is one area we can let our guard down some. Energy was a critical piece of then puzzle that has become less critical.

    The economy is not safe but it is also not critical. The economy is a game of confidence and liquidity, IOW a Ponzi arrangement. Ponzi always end because they are linear. Our current Ponzi may have life left or it might not.

    The real worry I have these days is the crazy Western deep state and it’s hell bent obsession with Russia. I am not saying Russia is without blame but I will say the factions within western governments that seek conflict with Russia is very disturbing. China is less a worry. This trade war will likely calm down if a face saving solution can be found. Maybe NK has gone quiet after Kim got a talking to.

    The rest of the doom issues are longer term and likely intractable. I am dooming now for my kids becauseI I doubt they have much normality ahead. I see bad shit ahead with climate and the planetary ecosystem. Overpopulation is beyond solutions in the time frame needed.

    I could go on but that is the outline of my doom survey. I am still a doomer but that doom has adapted. Funny how the cornucopian techno optimist don’t adapt. For them it is always blue sky and happy endings until it ain’t .

  4. denial on Sun, 8th Apr 2018 3:02 pm 

    Davy I have been following you and reading your post for about 2 years and I can say I have always found something useful in your post. Except when you go on and rant about Mak or Greg. Do you really think we have more time? I don’t know?
    I feel like we are watching a rotten bridge as car after car drives over it. We just don’t know when it will collapse. I have decided not to participate in the retirement savings scheme as I am more than 20 years out from claiming said retirement. Is that a good bet? I don’t know….I don’t see how this system can continue for that long…but It will suck if I am wrong.
    I had a good friend who was my mentor as well. He ate all organic and grew his own food etc…but put most of his money in gold before bush so he had a sizable amount but cancer got him this year. So I guess you never know…

  5. Davy on Sun, 8th Apr 2018 4:18 pm 

    Denial, I don’t enjoy the rants either but that is another conversation.

    I felt a few years ago a wall of limits immediately in front of us. I still see that wall but further out. That said if trade and cold wars go hot all bets are off for everyone. We just have too much complexity and interconnectedness that will suck everyone in. This includes Asia and the EU. We have people promoting these powers on this board like they will see no dangers.

    This interconnectedness is characterized by scale and time. Timing will affect locations differently depending on circumstances. The scale of the impact will vary. Location and the randomness of systematic failures is a big variable that cannot be predicted. We do know areas in overpopulation or overconsumption that are at risk. We can predict their dangers. If we can avoid conflict I have come to the conclusion we have 10-15 years of relative prosperity as opposed to 3-5 I felt we had 3 years ago.

    I don’t know what to think about the global economy. I feel it is a mess but in a controlled meltdown meaning it will be cannibalized by the TPB in their favor until the house of cards implodes. The economy could self destruct tomorrow or hum along for years. I may be a doomer but I am first a realist.

  6. Chico on Sun, 8th Apr 2018 4:31 pm 

    Davy,

    Your preaching to the choir!

  7. MASTERMIND on Sun, 8th Apr 2018 5:12 pm 

    US cities may have to be bulldozed in order to survive
    https://www.telegraph.co.uk/finance/financialcrisis/5516536/US-cities-may-have-to-be-bulldozed-in-order-to-survive.html

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

    Chico, ignore me when I preach that way I won’t have a choir.

  9. MASTERMIND on Sun, 8th Apr 2018 5:56 pm 

    David Hogg is the new Obama and Emma Gonzales is the new Hillary. They are the repository of right winger fears and the objects of their irrational hatred..

  10. Boat on Sun, 8th Apr 2018 6:21 pm 

    Mm

    That piece on Detroit was from 2009. Does your autism allow you to trash out of date nonrelavent material? Or must stack em, line em up and keep them organized for a sense of balance in a world that passed you by.

  11. Boat on Sun, 8th Apr 2018 6:23 pm 

    Mm

    Nobody hates right wingers. We keep guns for hunting.

  12. GregT on Sun, 8th Apr 2018 6:49 pm 

    “Denial, I don’t enjoy the rants either but that is another conversation.”

    Then why have you continued to attack everyone who doesn’t hold the same opinions as you do, on a daily basis, for over four years?

  13. GregT on Sun, 8th Apr 2018 6:55 pm 

    “That said if trade and cold wars go hot all bets are off for everyone.”

    The trade and cold wars are the last desperate attempts at maintaining global hegemony by a dying empire. There will be no NWO or NAC. The empire is either going to go out with a whimper, or with a bang. Judging from the continued media lies and attacks on other nations, all indicators point to war. A war IMA, that the USA will not win.

  14. Anonymouse1 on Sun, 8th Apr 2018 6:59 pm 

    ROLF, the exceptionalist loves to rant, rave and rage. It is the only thing that gives any meaning to his empty life. Perhaps he thinks it is a substitute for seeking desperately needed mental health care, who knows? One of the many symptoms he suffers from, as the result of his breakdown, is his inability to admit he has a problem.

    For example > Denial, I don’t enjoy the rants either.

    Interesting choice of words, ‘denial’. That is something else he is deep into these days. In point of fact, the delusionist loves acting out. So much so, he created an alternate ‘personality’ to assist him with his endless angry diatribes.

  15. GregT on Sun, 8th Apr 2018 7:07 pm 

    “We just have too much complexity and interconnectedness that will suck everyone in. This includes Asia and the EU. We have people promoting these powers on this board like they will see no dangers.”

    The days of 5% of the global population enjoying 24% of the world’s energy and resources are coming to an end. The standards of living that we currently enjoy in the west, are not sustainable. The third world is coming to us all. Those who are most reliant on the drive shop consume lifestyle, and JIT delivery systems, will suffer the most when they are gone. Those who are already living lives of sustenance, will notice little difference in their day to day lives.

    It isn’t exactly rocket science Davy.

  16. Sissyfuss on Sun, 8th Apr 2018 7:12 pm 

    Davy, if you’re a realist you have to be a doomer in this LTG epoch.

  17. MASTERMIND on Sun, 8th Apr 2018 7:37 pm 

    The West’s souring mood is about the psychology of dashed expectations rather than the decline in material comforts.

  18. MASTERMIND on Sun, 8th Apr 2018 7:38 pm 

    The US has reached the last stage before collapse – Foreign Policy
    http://www.businessinsider.com/us-reached-last-stage-before-collapse-2017-12

    American Psychological Association: Majority (59 percent) said this is “Lowest Point in U.S. History”
    http://www.apa.org/news/press/releases/2017/11/lowest-point.aspx

  19. MASTERMIND on Sun, 8th Apr 2018 7:39 pm 

    Greg

    The “coalitional killing” of members of neighboring groups occurs regularly in humans, wolves and chimpanzees.
    https://www.scribd.com/document/375842373/Evolution-of-Coalitionary-Killing

    See the US is just doing what humans have always done..Get an education and stop prepping like a crazy neck beard!

  20. Davy on Sun, 8th Apr 2018 8:13 pm 

    You wo Canadians are all upset as is expected. I have shown you both the door many times and you hate it. If extremist like you two are not moderated you create a magnet for other low life’s. I have succeeded in reducing your type of extremism here. Your personal attacks are degrading this forum. You can play your blame and complain game but it is a joke. Both of you are clowns and I will meet you daily to put you down where you belong.

  21. makati1 on Sun, 8th Apr 2018 8:24 pm 

    Greg, You and I see that the ‘collapse’ will not be evenly felt across the world, no matter how much some here want to believe that it will mean equal pain for all 7+ billion of us. My neighbors here will hardly notice. Nor will the billions who live without the ‘luxuries’.

    Of course, it will mean some changes. Change is always happening, good or bad. Only the Us and it’s Western wannabees are in for the most pain. Those who step down the ladder voluntarily now will suffer least when the SHTF. Those who are in denial will suffer the most. That is only logical.

    The Ps is self-sufficient in the necessity. survival skills and resources. Skills are not lost here. They are honed everyday by necessity. Need a shelter? Bamboo and palm fronds keep the water out. Need charcoal to cook? Go into the jungle, cut some wood and process it into the needed fuel. Need food? Coconuts, bananas, chickens, guava, taro, pineapples, etc. are easy to grow and in every yard. Nope, I don’t see a huge change for most Filipinos when the SHTF.

  22. GregT on Sun, 8th Apr 2018 8:26 pm 

    Not only are you delusional Davy, you are clearly insane.

  23. GregT on Sun, 8th Apr 2018 8:34 pm 

    Billions of people around the world do not own automobiles, they have no bank accounts, investments, or retirement savings, and they do not drive to the local ‘Super-Market’ for food.

    Those people are not going to go into panic mode when the ATM machines run out of cash, or the gas stations run out of gasoline. North American society will go completely apeshit.

  24. makati1 on Sun, 8th Apr 2018 8:36 pm 

    Greg. I am surprised that the owners of the site allow him to continue. There must be money to be made with the debate about his sanity, which is none existent.

  25. Davy on Sun, 8th Apr 2018 8:39 pm 

    They are short on food which is as significant as an ATM.

  26. Davy on Sun, 8th Apr 2018 8:44 pm 

    Translation: billy 3rd world has been neutered and he is upset. He can’t spread his extremism freely. He can’t freely promote himself. He hates that.

  27. Davy on Sun, 8th Apr 2018 8:47 pm 

    “Not only are you delusional Davy, you are clearly insane.“

    Greggie, you only talk like that when I hit a home run.

  28. MASTERMIND on Sun, 8th Apr 2018 8:48 pm 

    Madkat and Greg

    When the nuke plants melt down and explode the people you are talking about will die of radiation poisoning. Both of you to are just hoping you will survive. You are biased because you have spent time and money on this. I am not on the other hand. Once the economic collapse hits it will be anarchy everywhere! Per German army study!
    https://imgur.com/a/pYxKa

  29. MASTERMIND on Sun, 8th Apr 2018 8:50 pm 

    The last law of nature says: that any creature that despoils and outbreeds its natural habitat will be culled to bring its numbers under control and restore a stable environment.
    http://worldpopulationhistory.org/carrying-capacity/

  30. GregT on Sun, 8th Apr 2018 8:51 pm 

    You’re batshit crazy Davy. Nothing that you have ever accused me of thinking, or believing, is real. It’s all in your own paranoid, delusional, mind.

  31. Cloggie on Sun, 8th Apr 2018 8:53 pm 

    “Once the economic collapse hits it will be anarchy everywhere! Per German army study!”

    The German army NEVER refered to its own study again, because they are completely embarrassed about it. In fact they would prefer to cart you off to the Schwitz for continuously bringing it up again.

  32. GregT on Sun, 8th Apr 2018 8:55 pm 

    “When the nuke plants melt down and explode the people you are talking about will die of radiation poisoning.”

    I thought you said that everybody would be coughing up their internal organs MM? Good to see that you’re slowly making progress towards a more realistic scenario. You obviously still need to put in a little bit more effort though. Keep working at it.

  33. Davy on Sun, 8th Apr 2018 8:57 pm 

    Calm down greggie you are showing your emotions which means you are telling on yourself.

  34. MASTERMIND on Sun, 8th Apr 2018 9:08 pm 

    Clogg

    You think the German government is just going to blast out loud the world is going to end soon? The study was leaked as well…You pussy little girl!
    https://imgur.com/a/pYxKa

  35. GregT on Sun, 8th Apr 2018 9:10 pm 

    I’m not interested in anything else but the truth Davy. You are not a truthful person. Your red white and blue agenda has clouded your ability to think and act both considerately, and rationally.

  36. Cloggie on Sun, 8th Apr 2018 9:12 pm 

    “Greggie, you only talk like that when I hit a home run.”

    For Meathead, Europe, Canada, Russia and China are merely colonial prey. It is time that this yapper is taught a terrible lesson. Shouldn’t be too difficult, now that the predator is deeply divided into itself over the question whether it should remain a European-majority country or a third world country.

    https://goo.gl/images/wdUk8b

    European resistance leader Orban, who calls Soros an “enemy of the state”, has increased his power base from 43 to 49%:

    http://www.spiegel.de/politik/ausland/wahl-in-ungarn-viktor-orban-liegt-vorn-a-1201832.html

    Together with Putin both these men represent the hope for Europe to escape from the empire, by letting Washington getting trapped in a war with Iran, read the entire world.

    Get ready tor the slaughter, Eurasia. From experience we know we only have to kill 40,000 before they begin to cry for mum and the internal barrier evaporates to start the desired uprising at home and meathead will find out he has maneuvered himself at the mercy of the local 99%.

    Timber!

  37. MASTERMIND on Sun, 8th Apr 2018 9:12 pm 

    clogg

    My buddies article in Forbes just went viral and is not being covered by Business insider.

    An oil crisis may be brewing — and it’s not because of decreasing demand
    http://www.businessinsider.com/an-oil-crisis-may-be-brewing-and-not-because-of-decreasing-demand-2018-4

    And if you click on the HSBC peak oil report you can see my intials in the top left corner of the site “S.D.H”..LOL Now peak oil is coming back with a mother fucking vengeance! Call Heinberg the party is about to be officially over!

  38. MASTERMIND on Sun, 8th Apr 2018 9:15 pm 

    Here you go clogg! Time to shave that neck beard of yours!

    http://www.godlikeproductions.com/sm/52d222e9.gif

  39. Cloggie on Sun, 8th Apr 2018 9:20 pm 

    “https://imgur.com/a/pYxKa”

    Ah yes, your co-tribalist Sagan, who sang the praise of Holland… because there the rise of his tribe began:

    https://youtu.be/GvY8dQQI13Q
    https://youtu.be/AMzDGLROEWY
    https://youtu.be/TMet9fwerF8

  40. GregT on Sun, 8th Apr 2018 9:29 pm 

    “Now peak oil is coming back with a mother fucking vengeance!”

    Peak cheap conventional oil is already in the rearview window MM. You’re just a little bit late to the party, that is already over.

  41. Cloggie on Sun, 8th Apr 2018 9:33 pm 

    “Call Heinberg the party is about to be officially over!”

    No worries. After we have set up a renewable energy base for ourselves, we’ll pop right over and give you a hand… or what’s left of you.

    https://deepresource.wordpress.com/2017/05/09/the-giants-of-a-new-energy-age/

    We ain’t called Ze Master Race for nutting.lol

    Currently we in Europe have 300 jack-up vessels, the US precisely 0. The latter prefers to invest in useless sitting ducks and hyper-sonic missile catchers aka carriers.

    Unfortunately the US has a stupid law that forbids foreigners to operate ships in US coastal waters, so Europe can’t help its younger brother is all matters of offshore wind farming.

    Now a Dutch company has designed a gay little ship for Americans to practice with and get their feet wet, so to speak:

    https://deepresource.wordpress.com/2017/10/30/dutch-company-comes-to-the-rescue-of-us-offshore-wind/

  42. MASTERMIND on Sun, 8th Apr 2018 9:39 pm 

    Clogg

    Peak oil is a liquid fuels problem Not an electricity problem that renewable s can solve.

  43. MASTERMIND on Sun, 8th Apr 2018 9:40 pm 

    Greg

    I know peak cheap oil is in the rear view. I have two references for it.

    Has Petroleum Production Peaked, Ending the Era of Easy Oil?https://www.scientificamerican.com/article/has-peak-oil-already-happened/

    Oil’s Tipping Point Has Passed (James Murray & Sir David King 2012)
    https://www.scribd.com/document/375500703/Climate-Policy-Oil-s-Tipping-Point-Has-Passed-Murray-King-2012

  44. MASTERMIND on Sun, 8th Apr 2018 9:42 pm 

    Janet Yellen: A debt crisis is coming

    https://www.washingtonpost.com/opinions/a-debt-crisis-is-coming-but-dont-blame-entitlements/2018/04/08/968df5c2-38fb-11e8-9c0a-85d477d9a226_story.html

    We have an oil crisis and a debt crisis about to hit at the same time! Kaboom!

  45. Cloggie on Sun, 8th Apr 2018 9:44 pm 

    “Peak oil is a liquid fuels problem Not an electricity problem that renewable s can solve.”

    A kWh is a kWh, you nitwit, regardless if said kWh originates from one of your many farts or droppings.

  46. GregT on Sun, 8th Apr 2018 9:46 pm 

    “We have an oil crisis and a debt crisis about to hit at the same time! Kaboom!”

    Yup. Get out of debt, reduce your dependency on oil, and move as far away as possible from those who have not.

  47. Cloggie on Sun, 8th Apr 2018 9:49 pm 

    “We have an oil crisis and a debt crisis about to hit at the same time! Kaboom!”

    And a demographic crisis:

    https://youtu.be/rrm_JAnVKzI

    Yellen and millimind losing their grip on the US. Eurasia needs to arm the American Right, like in 1776:

    https://deepresource.wordpress.com/2014/11/25/the-second-american-revolution/

  48. GregT on Sun, 8th Apr 2018 9:49 pm 

    “A kWh is a kWh, you nitwit”

    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.

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