Great Depression Online Archive Issue:

The Great Depression II...We're Already In It

Great Depression Online
Long Beach, CA
January 27, 2009

Inside This Issue You Will Discover…

*** The Vicious Cycle
*** The Great Depression II…We’re Already In It
*** Survive and Prosper in the Coming Global Depression
*** And More

The Vicious Cycle

Things are ugly.  There’s no way around it.  And it’s getting worse by the day.  In fact, it’s gotten so bad that – for the first time ever – Microsoft’s laying people off…5,000 of them.

Following last Thursday’s announcement, Microsoft Chief Executive, Steven A. Ballmer, called it “a once-in-a-lifetime set of economic conditions.”  The very next day, General Electric Chief Executive, Jeff Immelt, said “the environment in total is very tough.”  Talk about understatement, General Electric’s fourth quarter earnings dropped 46 percent.

General Electric’s next announcement, we expect, will likely be that of layoffs…possibly lots of them.

For that’s what happens when a company’s earnings fall off a cliff.  Suddenly they don’t have the money to make payroll.  Just look at Caterpiller Inc.  They announced yesterday they’re bulldozing 20,000 jobs.  “We pretty much hit a wall in December,” was how Chief Executive, Jim Owens, summed it up.

~~~~~~Emergency Report~~~~~~

How to Survive and Prosper in the Coming Global Depression.  Inside this Emergency Report, bestselling authors Bill Bonner and James Dale Davidson explain how we got into this mess, what will likely happen next and how you can protect your wealth in the coming bad years.  Understanding how the next wave of the credit tsunami will play out is crucial to protecting your wealth right now.  Get your free copy here: How to Survive and Prosper in the Coming Global Depression.

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

And as this is repeated throughout the economy, it compounds again and again.  More layoffs means less consumption, which ensure lower earnings…which ensures more layoffs and less consumption…and, thus, lower earnings.  

The cycle is everything vicious.  And, regrettably, more and more good hard-working people are being ravaged by it.

Pondering this thought over the weekend, we came to the following realization.

The Great Depression II…We’re Already In It

We are in the early stages of the worst financial crisis in living memory.  And we face a slump even more destructive than the Great Depression.  Yes, this has been quite obvious for some time.

But not only do we face this distressing prospect.  The blunt fact of the matter is...we are already in it.

When historians look back at what will be called the Great Depression II, the start date they assign will be 2008.  While this may seem alarming to you, consider this...

By 1930, after the stock market crash of October 1929 – considered the start of the Great Depression – most Americans thought the worst was behind them.  In fact, the President even said so.

“While the crash only took place six months ago,” said President Herbert Hoover, in May 1930, “I am convinced we have now passed through the worst--and with continued unity of effort we shall rapidly recover.  There has been no significant bank or industrial failure.  That danger, too, is safely behind us.”

As the populace painfully discovered…Hoover couldn’t have been more wrong. 

Yet the Great Depression II is shaping up to be even bigger…and more destructive than its predecessor.  To that end, it won’t just be an American phenomenon…this thing’s morphing into a global depression.

Survive and Prosper in the Coming Global Depression

Frankly, we’re worried…

With so much of what’s going on beyond one’s control, it’s certainly not easy right now to know how to secure your wealth or protect your family’s financial future.  But we’re hard at work, on your behalf, trying to determine just what the heck you should do to avoid being destroyed by the mounting global depression.

That’s why after reading an emergency report on the crisis by best-selling authors Bill Bonner and James Dale Davidson, we contacted the publisher immediately to secure a free copy for you.

What you may not know is that Bonner predicted the current economic collapse in his New York Times best-sellers Financial Reckoning Day: Surviving the Soft Depression of the 21st Century and Empire of Debt: The Rise of an Epic Financial Crisis.

And Davidson in his remarkably far-seeing 1988 book Blood in the Streets and in his 1994 international best-seller, The Great Reckoning: Protecting Yourself in the Coming Depression.

Now these two best-selling investment authors have come together to produce an emergency report on the current crisis.  It’s called, How to Survive and Prosper in the Coming Global Depression.

It explains how we got into this mess, what will likely happen next, and how you can protect your wealth in the coming bad years.

The report gives astonishing details on how the Federal Reserve actually provoked this crisis, the dangers of deleveraging, and why the government’s bailouts can’t stop this historic unwinding of credit.  As you know, understanding how the next wave of the credit tsunami will play out is crucial to protecting your wealth right now.

But what we really like about this report is that it gives crucial information on how to position yourself for future gains and to avoid being chumped by Wall Street even as this crisis deepens.

For all of these reasons, we are please to have the opportunity to bring you this very important emergency report.  Be sure and take advantage of it.

Get your free copy here: How to Survive and Prosper in the Coming Global Depression.

Sincerely,

M.N. Gordon
Great Depression Online

P.S.  With all that’s going on in your busy life, if there’s one bit of information you must have it is this.  So please take a moment to read the emergency report, How to Survive and Prosper in the Coming Global Depression.  Your life will be better for it.  What’s more, it’s free.  Access it here: How to Survive and Prosper in the Coming Global Depression.

 

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