Someone told me that we're at the beginning of a recession due to the mortgage crisis. Is that true?

How does that affect me and my job? What are some things I can do to make sure that me and my family are safe?Someone told me that we're at the beginning of a recession due to the mortgage crisis. Is that true?
What kind of job do you have? Tell yourself, if the worst happens in our economy, do you make or perform some service that people can largely do without? People will still need essentials, but they will probably be able to do without costly vehicle repairs and rely heavily on public transportation. Luxuries will be out of the question, and fast food and ';eating out'; will go under as people cook at home a lot more.





I don't believe we're entering a recession, we're seeing the first signs that we will go into a depression. The banks are under major stress. As people fall back on their mortgage payments, car payments, and every other kind of loan the banks are losing more and more money. Couple that with job losses and a Federal Reserve that is printing currency to keep our government funded and you have a recipe for disaster.





You see instead of declaring bankruptcy, our government has the wonderful ability to create more currency and keep itself funded that way. People might tell you that the Federal Reserve operates separately from the government but come on, they're not fooling anyone. Recently the Fed stopped reporting the M3 statistic, which is almost everything that can possibly be considered money. This is because they don't want to show the world that we are printing ourselves out of a financial crisis. Often times you will hear about how we are operating without a budget, or that our military needs more money, but life goes on and they get the money somehow. Well now you now.





This is similar to what happened in Weimar, Germany. They tried to print themselves out of a disaster and their money failed. This is what we will see in the US, the collapse of the dollar. And when that happens, imagine what happens in a country with 300 million people, all who have the right to bear arms. The only person crazier than a starving man is a starving man watching his family starve as well. It will take time to get that bad, but slowly it will happen.





I could write so much about what is going on. I've been following it for several years, and everything has sort of been culminating this past year. It won't be much longer now.





So what can you do to protect your family? If you have any kind of savings, for the short term you would try to protect the purchasing power of your money. Perhaps investing in a more stable foreign currency, or some sort of commodity. Oil, wheat or grains, food stuffs. People will always need those. Gold is a good option, many say, but I feel that when the worst happens many people who ';own'; gold on paper will get screwed. Some guy will dash off in he middle of the night with your money, and in the midst of all the chaos a warrant will be issued for his arrest that will never be followed up on.





Don't do it. I'd say try to get yourself in a position or some sort of job that you can't get fired from. I joined the Army and got into a good medical program. People will always need them, right? Do your best to get some skill people will need in the short term. Also living on a military base during those times will probably be much safer than an inner city neighborhood.





Look, don't take my word for it. You sound like a person that has a little bit of sense in you, especially since you have a family to look out for. You can probably even feel it coming, too, right? Gas prices rising, groceries becoming more expensive, the US living way beyond its means for so long. It's ending, and real soon. Do some of your own research.





Check out this guy's site. He has a great series of articles titled ';The Coming Economic Depression.'; I believe he started them in 2004. His research is outstanding, and there's enough reading material to keep you busy for a couple weeks.








http://www.markswatson.com/





Here's a link directly to the articles, which you can't find from the main page. The most recent updates are titled, ';The Political, Economic and Political Review,'; because the author sincerely believes that this is all related to the end times. He does a good job of separating his economic and political views from his Christian beliefs.


http://www.markswatson.com/depression1.h鈥?/a>





This is all I can really give you at this time. I hope you are prudent enough to follow up on it yourself. If not, then oh well. You'll find out really soon anyway.Someone told me that we're at the beginning of a recession due to the mortgage crisis. Is that true?
Yes we are recession. Some minds may not accept. so you can go through and decide yourself.


Today we have only 11% prodution units compared to post WW I I. More imports and less exports developed foreign debt. As on today we have 9 trillion dollars ( 9,000,000,000,000=00) of foreign debt. So our dollar is going down. This is beyond control. Now there is no choice. .


Its easy to understand in the year 2000 we were getting 1.21 euros for dollar. But right now we are getting only 0.68 euros. Means If we have 100 dollars in year 2000 right now that become worth only 56.19 dollars. Means we lost so much wealth already compared to other nations.


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No one exactly know what will going to happen. Because this is depression of all world driven by US. Countries like China, Japan, Canada, Mexico and German may suffer more next to our country.


now china currency is almost fixed ( pegged) with US $ . If in case china take out the pegging means if their currency keep floating, we start to feel more sever depression. we may not afford to buy made in china goods. We have to start our closed prodution units back. As per me this date may fall in 2008. Because of weak dollar china is loosing a lot. It buy raw material and oil for more money and sell goods to us for less money . Its loosing money to keep their and US economy running.


Now everything is beyond control. Nobody can control or prevent us from going depression.


We dont have any chance to escape from this. As we are super power the exact impact of depression is getting postponed. Even though if we are not accepting recession we are fooling ourself.


The only way left is to save yourself. The result is service jobs will be moved to manufacture jobs. which can increase export and bring foreign currency.


To save yourself move your money in foreign currencies. Buying gold also works. when people lose faith in currency they go for gold. Gold is real money since thousands of years.


Best of luck
We are not officially in a recession yet, there must be 2 quarters of negative GDP growth for there to be an official recession. Aside from that you should just scrap any plans you might have to look for a new job in the next few months, don't buy anything you don't really need and put the money you save away in case you lose your job.
The US isn't in a recssion yet.





It is heading that way though. Everything is pretty messed up.





As for you job, depends where you work..





To make things a little better you can spend your money. Consumers pumping money into the economy will slow down the coming recession, but wont prevent it.





To make things better for YOUR FAMILY you can save your money and invest in things like GOLD