The Greatest depression is coming, are you ready?
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Shocking Report From Banking Insiders Reveals the Another Financial Crisis is Months Away
Banks are tightening credit standards, that will decrease the number of home loans, car loans, and business loans -- hence recession.
Banks are tightening credit standards, that will decrease the number of home loans, car loans, and business loans -- hence recession.
2 He answered and said unto them, When it is evening, ye say, It will be fair weather: for the sky is red.
3 And in the morning, It will be foul weather to day: for the sky is red and lowering.
If you see the Lord crucified on the cross and that is the end of your day, then know that it will be fair weather for you in the coming millennial kingdom. On the other hand if all the blood from wars and genocide means the sun is rising on your kingdom then know you will see foul weather in the coming millennial kingdom.
Now this is entertainment! The thread has been going almost a year, and still going strong with the gloom and doom... Completely oblivious to the irony of continually predicting the same thing that never happens! 
Personally I think we could use another great depression. Remember your grandma and grandpa who grew up in the middle of the last one? Remember how they always saved everything and appreciated what they had? Maybe we need to learn the lesson they learned.
Personally I think we could use another great depression. Remember your grandma and grandpa who grew up in the middle of the last one? Remember how they always saved everything and appreciated what they had? Maybe we need to learn the lesson they learned.
This was the first post:Now this is entertainment! The thread has been going almost a year, and still going strong with the gloom and doom... Completely oblivious to the irony of continually predicting the same thing that never happens!
Personally I think we could use another great depression. Remember your grandma and grandpa who grew up in the middle of the last one? Remember how they always saved everything and appreciated what they had? Maybe we need to learn the lesson they learned.
https://www.thegatewaypundit.com/20...back-vacations-travel-restaurants-save-money/
BIDEN ECONOMY: Americans Are Pulling Back on Vacations, Travel and Restaurants to Save Money
1. We are seeing severe worldwide inflation in the cost of gas and food.
2. We are seeing a collapse in the stock markets around the world.
3. People are not running to bonds because they expect interest rates to rise (which causes the value of bonds they have bought to drop).
4. The Fed is raising interest rates and will continue to do so, which in turn is causing central banks around the world to do the same.
5. As a result of rising interest rates mortgage rates have risen dramatically. For example, we sold our house in March. The company that bought it flips houses and the price they paid to us reflected their estimate that they could fix it up and resell for $700k. If you calculate that your buyer puts down 20% the new mortgage rate would cause them to drop the selling price by 200k for the same buyer to buy it.
A. We are seeing a sharp decline in mortgages.
B. We are also seeing a sharp decline in new homes being built. I heard from one builder that the windows he gets now take 18 months to be delivered. If you cannot get some key item it can hold up the entire construction of the house.
6. We are also seeing a sharp decline in car sales. It is a double whammy for them. They are having a hard time getting parts. I bought a car two months ago and it is still not here. When it does get here they tell me the heated seats won't work because they don't have the chip but hope to get it and install it before winter. However, I bought this car before the interest rates spiked. Now financing a car will be a double whammy. Cars will be both harder to get and much more expensive to finance.
Everything mentioned on this post is happening before our eyes and documented on this thread. People are so foolish, you give a warning when there is plenty of time to respond. It is pointless to say "the ship is sinking" as the Titanic lists over and no one can escape anymore.
When the Titanic sunk even though there weren't enough lifeboats for everyone, they were half full because people didn't want to leave that big ship for a little life raft until it was too late.
You will be without excuse when that happens because you were warned and you mocked.
Do you really want to survive a depression? It's quite simple. Live within your means.
I have a good pair of wading boots, and a swamp full of food behind me. My parents and grandparents survived the great depression on it.
They entered the depression with no debt and exited it with no debt. Times were tough, but the swamp (not Washington DC) provided. They depended on their faith in God to provide what they needed, and he never failed them.
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