Economy:The Hammer's Falling

[Charnock]

Four years ago, on this very board, I posted that we were about to enter recession, and that the American nation would be changed radically, and forever.

At the time, many posters mocked me. Time proved all.

Economists say we exited the worst economic downturn since the Great Depression in 2010, and there is no doubt our GDP has been in the black, albeit just above it. However, new government numbers now show that our GDP for the first half of this year grew at only .8 percent.

Coupled with a very weak job market, and weak global economies, it is clear that we never really left recession. It is my belief that the stimulus package falsely inflated GDP. Now, the life support is gone, and the economy is refusing to breathe on it's own.

This is going to get bad. Very, very, very bad.

We are in the midst of a depression. By the time this is over, I expect unemployment to rise further, inflation to go higher, and many, many people to be hungry and without shelter.

Now, many of you will call me Chicken Little, and that's fine. For the rest of you, those with a functioning brain, I recommend that your prepare accordingly.

Store up food. Pay off bills. Secure your home.

in 2008, a shoe dropped. This time it's a hammer.