Not my original words, but I tend to agree with the sentiment if not the content.
The US economy has been dying a slow death since 2008. Considering this GDP was measured in the newest way to make the number look better, the US has some really bad news here.
Prepare for another depression?!?!
- Move or sell your stocks (invest in companies that thrive in depression climates.. otherwise, sell)
- Get rid of debt (no more student loans, credit card debt, mortgage payments.. you should do this depression or not)
- Limit your expenses (drop cable/internet, lower your auto insurance (Insurance Panda has $25/month rates)
- Swap your smart phone for a “dumb” one
- Store up food (hoard dry and canned foods… better safe than sorry)
- Buy guns / weapons (if that’s your thing.. it probably won’t come to this, but still!)
- Learn a useful trade (mechanics, electricians, plumbers, etc. will always have jobs.. bankers and travel agents won’t!)
- Stockpile drugs (if you take any drugs regularly, make sure you have them just in case)
- Buy gold (if the dollar drops big, which it will, you will be somewhat protected)
- Get life insurance (your rates will be locked in if you act now. e.g., Life Ant for $18/month)
- Last but not least: save as much money as possible, starting NOW. They say you should keep save money for a rainy day, well I hear the water droplets outside my window.
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