Some perspective to the Great Recession

[Cruisingfool]

My prediction is the stock market is going to crash (and the government knows this, that is why they have been preparing) and when it does, do the words Martial Law sound possible?

[Jeanfromfillmore]

My concern is about all that money that's been printed. We haven't hit the bulk of the inflation on the dollar that all that printing will bring . There are signs of it already, just look at the cost of food from just two years ago. But when the true impact of all that printed money does hit us, a much more severe divide between the haves and havenots will occure. Those that are still struggling to hold on to what little they have accumulated will be the worst hit, and the middle class will continue to shrink. You can tell just how strong a countries economy is by what percentage of a families income is spent on food. Pay attention to that and you'll have a very good indicator of how good or bad things in this country are really going. Don't depend on the 'experts' to inform you. Many of those 'experts' don't even know what a loaf of bread or a gallon of milk costs. And if you yourself don't know, it's time you went to the market and got a lesson on what a real indicator looks like.

[Eagle1]

We have not seen the worst of this yet. Our dollar has beeen devalued. A couple of weeks ago the Canadian Dollar was equal to ours, Russia, China, India, and the Middle Eastern countries are discussing shelving the dollar in preference to a new international currency. Simply put some people are ready to pronounce the dollar as dead.

Gerald Celente, well known economist , predicts riots over taxes, food shortages and the like.

The possibility of rioting over taxes is highly credible given the anger over high taxes by a government that is a world class non performer. In California our state income taxes have just been raised another 10%. This after people have gone to Sacramento in protest of taxes and two million Americans went to Washington DC over the same issue.

After all the non violent methods of addressing a government that will not listen are exhausted then what ?

If the economy worsens with higher unemployment, food and gasoline prices rising there is sure to be a big one in the former golden state.

Don't expect Meg "keep the illegal aliens here because we can't dport them" Whitman to be of any real value here.

Hunker down and get ready.