I'm Very Paranoid About the Potential Depression, Please Help Me.

[VegasDave]

With things getting worse and worse by the day economically here in the USA, I'm starting to fear the worst. If there are some intelligent investors/money people that can point out a major flaw in my fears, it would be greatly appreciated.

I have read/heard that things could get this bad. I do hope I'm wrong. I just don't think this is much of a stretch...

WHAT I COULD SEE HAPPENING:

Over the next few months/years, the stock market crashes and as we keep printing more and more money to fill all these gaps, our dollar becomes virtually meaningless through hyperinflation. Gas goes up to $10, $20, or even more per gallon. Groceries in the store go up huge. Canned foods cost $20, $50, $100 a can.

Meanwhile we aren't getting paid nearly enough to rationalize commuting to and going to the lower end jobs while still getting paid "minimum wage", which is useless now. Manufacturing jobs, food delivery, etc... these jobs not getting done start a chain reaction of things getting worse and worse.

With people starving and dying of thirst, people start stealing and fighting etc...

Basically, all hell breaks loose. Every man for himself. Civilization crumbles.

----

Please tell me why none of this is going to happen so I can start focusing on fun things like football again.

[JRS21386]

I think what you just described it a little irrational...

[pico]

-16% in employment in cali. i predict a lot of americans will start taking the bus to work. the rapid transit system in LA will no longer be white trash and mexicans...i think regular people will start taking those.

[gm2022]

Dont worry usc u have more weeks like last, you wont have to worry bout shit

[VegasDave]

I think what you just described it a little irrational...

Oh I agree, its pretty crazy/unrealistic sounding.

But $4.00 gas would have seemed nuts 5 years ago!

[gm2022]

Oh I agree, its pretty crazy/unrealistic sounding.

But $4.00 gas would have seemed nuts 5 years ago!

but what do u do, if u have no other options

[wtf]

europe - asia pays well over 10 dollars a gallon, yes they have better public transportation, but this can be fixed.

[JRS21386]

Oh I agree, its pretty crazy/unrealistic sounding.

But $4.00 gas would have seemed nuts 5 years ago!

This is true... if we can just stick it out another few months, this will be top priority on next presidents list, trust me... we'll be fine..

[RogueJuror]

WHAT I COULD SEE HAPPENING:

Over the next few months/years, the stock market crashes and as we keep printing more and more money to fill all these gaps, our dollar becomes virtually meaningless through hyperinflation. Gas goes up to $10, $20, or even more per gallon. Groceries in the store go up huge. Canned foods cost $20, $50, $100 a can.

Meanwhile we aren't getting paid nearly enough to rationalize commuting to and going to the lower end jobs while still getting paid "minimum wage", which is useless now. Manufacturing jobs, food delivery, etc... these jobs not getting done start a chain reaction of things getting worse and worse.

With people starving and dying of thirst, people start stealing and fighting etc...

Basically, all hell breaks loose. Every man for himself.

You just described everyday living in Nicaragua.

[bmw530i]

Your governor, is about to veto California's entire fiscal budget, a first in it's history.

[topgame85]

We always have gambling USC, don't be paranoid if things get bad try to win betting and if all else fails just make sure you have a bigger gun than anyone else and know how to use it you can rip and rob (hold up drug dealers) take the money they made because you know people will always buy drugs and dealers will be stacked as a matter of fact in hard times even more people will turn to drugs

[Outlawdino]

if you are that concerned, then do what most people don't do...get out of debt and diversify the worthless fiat dollar into gold/silver

[VegasDave]

if you are that concerned, then do what most people don't do...get out of debt and diversify the worthless fiat dollar into gold/silver

I'll be stocking up on canned goods and water... Can't eat gold and silver.

[pico]

i suggest you stock up on guns and bullets. in case shit hit the fan, you can always go "hunting" from your neighbor's house.

[Bread]

I agree with Robyn. Pico has been very frisky lately. I like it.

USC....You described Armageddon! I can't wait to crack a cold one with Jesus!!!

[pico]

WWJD

i bet his is shooting smack and hope this is all just a dream

[VegasDave]

We will see

[FreeFall]

I think your worrying too much. As to what will happen no one can tell you. But I'm too ignorant on the subject to give you a solid answer. I do know that since the great depression some things have been placed so it could'nt occur again. Maybe go get the books on that?

Either way I'm looking to grab some stocks in the next few months. See you on the flip side in 5 years with PROFIT.

[VegasDave]

I think your worrying too much. As to what will happen no one can tell you. But I'm too ignorant on the subject to give you a solid answer. I do know that since the great depression some things have been placed so it could'nt occur again. Maybe go get the books on that?

Either way I'm looking to grab some stocks in the next few months. See you on the flip side in 5 years with PROFIT.

I'd seriously advise against buying stocks at the moment. Yes, generally speaking, when things are at their worst, it is the best time to buy. However you REALLY don't want your money tied up in stocks when the market is potentially months away from crashing...

But its your money

[BrentCrude]

First of all,you aren't paranoid.Listen to the Alex Jones radio show online and he will set you straight on how things work with the economy.We have central planning on everything where elitists always will and always have manipulated the economy in their favor.This time they overplayed their hand and are in a box canyon where they are trapped.This tea kettle we call a false economy is going to blow!!!!!!All the temporary patchwork bailouts are just giving time for the elitists to take cover and get out before the masses of public educated sheeple realize that they were hoodwinked and riot in the streets!Hell,Bush is a socialist idiot puppet but this all got started with Woodrow Wilson and the Federal Reserve Act and FDR the national Keynesian socialist.

My advice is to get out of big cities that are the most socialistic of all places and head for the wilderness and be self sufficient.The dumbed down idiot class don't like quiet and calm places in the wilderness where you can't rent a ho or buy crack on every street corner.

[Helmut]

It's going to get real bad here and what we witnessed a few days ago was the end of life as we have known it. The market is going to zero and there is nothing you can do about it. There are going to be major riots as people revolt against the government. The government has built over 600+ concentration camps in which the people that revolt against the government will be jailed. There will be a banding together of the people and a civilian army will be formed to fight our own government. People will starve and only the strong will survive. I hope you bitches watched the man versus wild shows or have the skills to grow your own food otherwise your fukked.

[durito]

The sky is falling, the sky is falling!!!!!!!!!!!!!

[fiveteamer]

[Cloak & Dagger]

Your governor, is about to veto California's entire fiscal budget, a first in it's history.

Arnold is a puppet

and being wealthy or rich means different things for different people

I could be wealthy and not have a dime of spending money in my acct

in other words....people put too much on money....and they let a piece of paper run their lives

when they dont have it....they dont know what to do

those that have a little hustle in their blood never have to worry because they'll be ok

[nosniboR11]

lol, you people are good for a laugh everyday, keep up the great work, lol

[NEP Dynasty]

First of all,you aren't paranoid.Listen to the Alex Jones radio show online and he will set you straight on how things work with the economy.We have central planning on everything where elitists always will and always have manipulated the economy in their favor.This time they overplayed their hand and are in a box canyon where they are trapped.This tea kettle we call a false economy is going to blow!!!!!!All the temporary patchwork bailouts are just giving time for the elitists to take cover and get out before the masses of public educated sheeple realize that they were hoodwinked and riot in the streets!Hell,Bush is a socialist idiot puppet but this all got started with Woodrow Wilson and the Federal Reserve Act and FDR the national Keynesian socialist.

My advice is to get out of big cities that are the most socialistic of all places and head for the wilderness and be self sufficient.The dumbed down idiot class don't like quiet and calm places in the wilderness where you can't rent a ho or buy crack on every street corner.

Lol...wow

[ryanXL977]

as soon as unemployment hits 15% or so, then it all falls apart, until then, nope

whats funny is this shit has happened for thousands of years for the exact same reasons, foreign wars of imperialism, manipulation of markets and redistribution of wealth

its happened so many times and it will happen again

people dont read and dont seem to understand who they elect matters

[WileOut]

The economy goes in cycles. Some cycles are really extreme. The bottom line is the foundation of our economy is one of the strongest in the world. I'm more worried about our gambling future than our economic future.

We always bounce back from recessions. We even bounced back from the great depression.

[ryanXL977]

this has nothing to do with a cycle my friend
nothing at all

we bounced back from the depression bc we started regulating markets, bc we had a great and visionary leader in fdr, and we made mad cash off of wwIi

we arent close to the same position now
we have no leadership in the world,. nobody needs to listen to us anymore
this country is owned by russia and china

[CHRISSANGEL]

Unless there is a global economic meltdown, we'll be fine.
It's called B-R-I-C, pal. Emerging markets in Brazil, Russia, India, China. Big growth.
They need companies like Catepillar and Foster Wheeler. Relax. Understand the game before you play it.

[Justin7]

If you think we're going to have hyperinflation, start accumulating debt. Or at least maintain your current debt. Your student loan interest rates can't go up fast enough to cover that kind of inflation. Same deal on a fixed interest rate mortgage.

I don't think we're headed for this though. Wages are not going up, but productivity is. This is the first recession we've had where productivity went up (which might mean it's technically not a recession due to increasing GNP) and unemployment went up as well.

It's a very odd business cycle. The one smart thing you can do though is become better educated. No matter what the economy does, smart people will always have good jobs.

[ryanXL977]

you think caterpillar is going to save the economy

[MonkeyF0cker]

Complacency and ignorance in the American populace will be the death of us. It may not be far off...

[ryanXL977]

yup
ben franklin and jefferson said it would be
and it is

[RageWizard]

You worry too much Uckmaster. The stock market CAN be bet on to go down ya know. I have been short selling practically all year and I'm loving it. Also don't worry the market is a rigged game, they will come up with a story that will move the market up soon enough. That is when you go long. BTW with all the doom and gloom in the market and hearing people like yourself looking for a window to toss themselves out of tells me that there is going to be some upside coming soon.