ARE YOU READY FOR THE GREAT DEPRESSION?

Question

Have you made plans on how your going to survive the depression that's about to hit this nation.  OR are you one of those individuals that thinks it's going to get better....  The news today is that the FDIC informed the banks it's almost broke... when people hear that, there will be a run on the banks and that will finish off wall street and the rich.
Don't think it's going to happen, watch it's to late to stop it...... If you have any cash, you'd be wise to hole it away and not rely on banks or investing. My question:  are you ready for the going depression

Kirch · Accepted Answer

So what’s the solution? Well, the FDIC has decided to charge a one time fee to all banks to make up the difference. Needless to say, the small community banks are furious, and I don’t blame them. While many of these small banks engaged in traditional banking and have secure balance sheets, they are now being forced to subsidize the “cowboy banks” that engaged in risky leverage and lending policies. When these cowboys took risks, they were paid handsomely. When the risks blew up in their faces, everyone else needs to bail them out. What a world.

Anonymous · Answer

Yeah I'm ready for it, as I have already lost my Job and am trying to find other work.

But I am cutting back on things that I don't really need and only buying the necessities.

My website that is not related to this question.

http://bedwetdaywetsupport.com

Paul A · Answer

I certainly fear it could happen, look how the stock market is taking a nose dive.
 
Big "O" might be able to pull one over on the American people - but it's hard to fool the financial people.

Rainman · Answer

I'm queuing for the soup kitchen already mate !

men7al · Answer

Hell no...I'm ready for the WAR 3..lol

Anonymous · Answer

haha...i just think it's funny that YA's auto category for this was MENTAL HEALTH just because the word 'depression' was in it.

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ARE YOU READY FOR THE GREAT DEPRESSION?

6 Answers