Every day I wake up and I listen the news and every company is laying off people and many stores are closing down. This really seems to be a dominoes effect and the effects should me much greater when these businesses (See below) shut down after Christmas. It is a false optimism to think 2009 is a recovery when there is all this bad news going on.
The Mayan Calendar (which predicted everything correctly) predicted this would happen, and yet it shows the closed mindedness many have when they still do not respect what this calendar says. Yet believe either ignore this or believe the lies that this calendar is that of doom (which it is not, it is that of love and joy long term.) Should we be taking this seriously if they have called everything correct?
Enough of the Mayans, I want to get to my point in that the economy is collapsing. Now, Peter Schiff whom has called this well says that we have to let this recession take it’s course and that it will be painful, but we have no choice. Americans have consumed for so long and have put themselves in serious debt. I HAVE ACCEPTED THAT. I wish the government would accept this. Peter also says that every time we try and fix this problem by printing more money, we make the problems much worse. After watching Money As Debt we can see how this can be a problem. Peter also says that because we consume too much, we have to start saving as Americans are only about being a consumer driven economy.
Also, when you accept this to be true, then would it not be true that you can make decisions in your life? This is based on the fact that the economy has to fail, and that we will have to go through a severe recession or depression like the 1930s. The stock market is showing very similar results that the 30s shown with 8% up and down days, which only happens on terrible markets.
How have you accepted this collapse and worked to adjust to this situation? What are some good things we can say to others to help others adjust to this collapse? What are some great ways to prepare for this collapse? Do you think gold and silver is good? Do you think that we should buy more food and stock up for hard times? Is this a good time to start planting your own food and then get equipment and supplies needed for that? How about energy, is there any way to prepare for this?
How do we accept this and move forward and adjust to what the truth is.
Peace
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Stores Closing – Source YOUTUBE – SUPAFAITH
Circuit City – Filed Chapter 11
Ann Taylor – 117 stores nationwide closing
Lane Brayant – Closing 150 stores nationwide
Fashion Bug – Closing 150 stores nationwide
Cathenies – Closing 150 stores nationwide
Eddie Bauer – To close 27 stores and more after January
Cache – Will close all store
Talbots – Closing specialty stores
J.Jill ( owned by Talbots ) – Closing all stores
Pacific Sunwear ( owned by Talbots ) – Closing all stores
Gap – Closing 85 stores
Foot locker – Closing 140 stores, more after January
Wicks Furniture – Closing all stores
Levits – Closing remaining stores
Bombay – Closing remaining stores
Zales – Closing 82 stores and 105 more after January
Whitehall Jewlers – Closing all stores
Piercing Pagoda – Closing all stores
Disney Store – Closing 98 stores
Home Depot – Closing 15 stores
Macys – Closing 9 stores January
Linens and Things – Closing all stores
Movie Gallery – Closing all stores
Pep Boys – Closing 33 stores
Sprint/Nextel – Closing 133 stores
JC Pennys – Closing many stores after January
Ethan Allen – Closing 12 stores
Wilson Leather – Closing all stores
Sharper Image – Closing all stores
KB Toys – Closing 356 stores
Lowes – Closing some stores
Dillards – Closing some stores
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April 10, 2010 at 7:47 am
All economic cycles are about deleveraging debt and jettisoning less productive activities. Failure to allow that to happen merely defers your problem — much as having a stiff drink doesn’t cure a hangover. It merely masks it for awhile. I don’t think that has much to do with the Mayans, though.
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April 10, 2010 at 8:46 am
Sad, scary, but true. The economy will never recover. There is no way to prepare ourselves. These are the “end of times” and it’s going to get worse before it gets better. America was given a chance, in it’s infancy, to be the example for the world. We failed miserably. Greed and power overcame our government. Under false pretenses we invade other countries to promote “freedom”. I am disgusted and ashamed of their antics. There’s not much we can do except hold on tight and wait out the storm, which is inevitable. God Bless America…and please, forgive us too. I pray for Peace. Love and Joy to All.
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April 10, 2010 at 9:39 am
I’m not too concerned because this is merely the overrated physical realm. I accepted this collapse in July of 2007. Prior to that, I was looking at the U.S.’s debt, trade policies, outsourcing, credit/mortgage woes, etc. I knew it would get worse once the media got involved because they scare people, and we know low consumer confidence can be worse than fractional banking at a 10:1 ratio and printing excess money. I read where the FED said “Don’t worry; we’ll just print out more money.” How incompetent/corrupt could they be?
I’m adjusting this by going home to a branch campus of my state university (which survived and flourished during the Great Depression. That’s also why I didn’t choose a small college that can go out of business). I’m majoring in electrical engineering, which both intrigues me and is stable in terms of job security with power systems.
You can prepare by:
1.) Growing a personal garden and stock up on non perishables to save on food costs.
2.) Pay off debts like credit cards, bills, etc.
3.) Gain some skills that may be of use. Education of any sort, whether it be a trade or a certification, will help your chances of securing some job. Those without any skills will struggle.
4.) Find ways to make utilities cheaper by improving your insulation for example to cut heating bills.
5.) Buy things like a sewing machine, tools etc. to repair things, so you don’t have to buy more.
6.) I would like to be bold and say invest in stock of companies that offer cheap products like Wal-Mart/The Dollar Store. People will buy cheap in hard times, giving those companies more profit.
7.) Record everything you buy in a month. Cut out most of the unnecessary things. Do this now, so you’re used to living with what you need instead of what you want.
8.) Get some of those energy efficient light bulbs that last for years.
9.) Do a great job at work, so your employers don’t cut you if they need to make cuts.
10.) Take a good portion of your money out of banks because I remember hearing how my great grandfather lost thousands during the Great Depression because the banks bottomed out.
11.) Silver has been doing very well over the past few years. Those precious metals always have value…..unlike the dollar with it being a fiat currency.
12.) Get a fireplace if you’re near a lot of trees and save on heating bills.
13.) Create a budget to manage how much you will spend on everything in a month.
14.) If possible, maybe move out to the country and start a mini farm. That’s what my great grandfather did before the Great Depression. He had that kind of insight.
15.) Help others by making suggestions such as these, and tell them that this won’t last forever and be optimistic. Gloom and doom talk will cause them to panic more.
Good luck!
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February 13, 2011 at 2:57 pm
Really liked going through this. Keep it up!
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