Reader FFF found this for us: Great Depression holds lessons for surviving tough economy
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Several new retreat properties have recently been added to our spin-off site: SurvivalRealty.com.
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Susan Z. recommended this piece of commentary by Adrian Douglas: Bond market collapse is imminent. My own opinion is a bit different: I think that bonds will hold up for several more months, since so much money is presently being yanked out of the equities market by both individual and institutional investors. They need to re-invest that money somewhere. In the long run, however, bonds are doomed along with stocks and everything else that is denominated in US Dollars. When the currency unit itself is wiped out, everybody caught holding The Old Maid loses.
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Susan Z. also sent us the link to a great audio clip of Reverend Dr, S.M. Lockridge expounding on the sovereignty of God. Rousing stuff! I wish that more preachers spoke so forthrightly.
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Some more tidings clamant from Cheryl, our Economic Editor: Bailout Becomes Buy-In As Fed Moves Into Banking Business — Stocks End Relatively Calm Day With Moderate Decline — Iceland Shares Plunge 76% As Trade Resumes — The Day The Markets Breathed Again [JWR’s Comment: Even a dead cat will bounce, if flung off of a sufficiently tall building] — GM To Hasten Factory Closings — Asian Stocks Close Higher — Don’t Be So Sure That This Will Work — As The Economy Sinks, Officials Fear Violent Solutions — Fear And Loathing In La Jolla