Great Depression Online Archive Issue:

A GDO Discretionary Redux

Great Depression Online
Long Beach, CA
January 29, 2010

Inside This Issue You Will Discover…

*** Preface
*** A GDO Discretionary
*** Close
*** And More

[Back on November 21, 2008, we had a breach of our usual GDO marching orders…instead of opinions, we offered advice.  Surprisingly, we believe this advice has served our readers well over the last 16 months and is worthwhile revisiting.  So that’s what we’ll do.  Enjoy.  M.N. Gordon]

Preface

Today we pause from the markets and the countless charades taking place in Washington to do something a little out of the ordinary…to offer some advice.  We get many requests for it.  But always decline to offer it.  For we are human just like you, and thus we don’t pretend to know any more than our fellow man. 

Opinions are what we offer around here.  We make certain assumptions…that water boils at 212 degrees Fahrenheit, you can’t get something for nothing, and that artificially suppressing the cost of money distorts an economy.  Peering through this prism of natural and moral laws we interpret what’s going on in the world around us…and add a little insight and entertainment to the mix.

But we also value our readers…for you are our reason for being.  And after the many inquiries for advice we don’t want to let you down.  So here it is…from the heart…practical, discretionary advice on what you can do to make it through the economic crisis.

A GDO Discretionary

1.  Always take what’s yours…plus a little bit more.  You’ll undoubtedly need it with Barack Obama coming [sic] to office.

2.  Never shake hands with your right hand, without first crossing the fingers of your left hand securely behind your back.

3.  Always look out for No. 1, save stepping in No. 2.

~~~~~~Deflation Survival Guide~~~~~~

Can the Fed Stop Deflation?  Robert Prechter answers this all-important question in his Free Deflation Survival Guide.  The guide gives you a 60-page ebook that will help you understand deflation and its effects on society; you’ll even learn how to survive and prosper in such an environment.

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~~~~~~~~~~~~~~~~~~~~~~~~~

4.  Never give a beggar your pocket change, except when to do so is to buy them a drink.

5.  Know the difference between honesty with yourself and honesty with others.  The former must be rigorous; the later must be flexible…especially when applying for insurance.

6.  Never kick a man when he is down; so too, never hasten to help him up.

7.  Always stiff your waitress…barring the rare occasion they actually earn the tip.

8.  Never con widows and orphans; all others are fair game.

9.  Do not worry about money; what you don’t have should be of little concern.

10.  Never forget that there’s a fool on every corner and a sucker born every minute.  Avoid being one of them when at all possible; for it is both demoralizing and expensive.

11.  Do not take it personal when you lose your job…this economy stinks; a lot of other good people will have lost theirs too.

12.  Remember always that this too shall pass; though never fast enough.  So keep your head up.  For even during a depression the birds still sing, the flowers still bloom, and those of sound mind and body get through it a little wiser…if not a lot slimmer.

Close

That’s all we have for today.  If you would like to share your experience with us, or any other words of wisdom, please drop us a line at info@directexpressions.com.

Thanks for reading.

Sincerely,

M.N. Gordon
Great Depression Online

P.S.  If you haven’t yet given Prechter’s deflation argument your full attention, you should know now that yesterday was the best time to do so.  Steadfastly throughout the years, financial analyst Robert Prechter issued warning after warning about the coming deflation.  The experts said he was wrong. The markets proved otherwise.  It’s time you take the critical first step of Elliott Wave International’s Deflation Survival Guide: Understanding Deflation.

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