Homesteading and Survivalism

Living a simple life

Tag: recession

US Economy Shrank 0.1 Percent In Last Quarter 2012

Surprise, surprise, surprise, the US economy shrank 0.1% in the last quarter of 2012. That 0.1% may not seem like a lot, but the real story its much worse then 0.1%.

Take these factors into consideration:

The economy shrank during the biggest spending time of the year – Thanksgiving and Christmas. If the economy shrank during Christmas, that says people do not have expendable income.Kevin Felts, blogger and survivalist

The economy shrank during one of the biggest panic buying phases in the firearms industry since the 1994 assault rifle ban.

Not only were people spending money on Christmas, but they were also buying all the guns, ammunition and magazines they could get their hands on,,,, and the economy still shrank.

One thing that caused a slowdown in the economy was a reduction in military spending. The question I have to ask, why does government spending play such an important roll in the economy? Maybe the government does not want the people to know how bad the economy really is?

Save as much money as possible

Weldbilt boat on the Angelina RiverAnd I do not mean for retirement (saving for retirement helps, but most of us are not there yet). From news about food prices going up 18.5% from January – September 2011, the Bank of America laying off 30,000 employees, to the new reports on credit card debt owed buy the average American,,,, I do not think we are going to pull out of this recession anytime soon.

The US government has spent so much money, that we will never be able to pay it off. Our great-grand children have been saddled with such a great tax burden, that there is no hope for the future generations.

This Bank of America is a troubling sign. Banks do not like to lose money. In fact there are all kinds of laws to protect banks from losing money. It was just a few months ago that the Federal government cut the banks a blank check, most of which went to performance bonuses.

If you judge the health of a nation but how stable its banks are, and one of the largest banks is laying people off, what does that say? It says the USA is in some deep crap.

Are you ready for the depression?

The depression is just around the corner, are you and your family ready?  The news reporters are trying not to use the word “depression”, probably out of fear of the panic that will follow. IMF predicts a global recession The banking system, along with the US State and Federal governments have been the number one […]

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