NOTE: This could be the most important article you read this year!

Are you prepared for the economic depression in the USA?

You probably already know about the dysfunctional capital markets, frantic government regulators, stressed-out consumers, and the incredible uncertainty — all of which are terrifying reminders of the terrible experience we had in America during the 1930’s.

Which invokes the serious concern: Could the next Great Depression be in our near future? Would you know how to protect yourself from Depression 2008, 2009 & 2010 if it were?

More and more financial experts are saying it—the economic situation is very similar to what it was going into the Great Depression in 1929.

Master hedge-fund manager George Soros said that the current financial crisis is the worst since the Great Depression, and said stocks have not bottomed yet.

Bill Gross, the Chief Investment Officer of PIMCO (the largest bond fund in the world) has said, “We haven’t faced a downturn like this since the Depression.”

If these geniuses of the market are comparing these times to the times before the Great Depression, we’d better listen..

They know the signs of the economic depression in the USA when they see them.

A growing number of Americans are beginning to feel the pinch. Record home foreclosures, escalating unemployment, and price hikes are hitting them hard, creating a record number of people who are in need of food stamps just to survive day to day. The U.S. Congressional Budget Office stated that 28 million people will need food stamp assistance, the highest level since the food assistance program was introduced in the 1960s.

The economic depression in the USA is upon us. Don’t be one of those who is caught unprepared. Learn how to prepare for Depression 2008, 2009 & 2010.

Need more convincing?

U.S. housing prices are falling at an annual rate of nearly 4% — an event not seen since the Great Depression— and the downward trend is accelerating. Over the past half century, every U.S. housing downturn as sharp as the current one has translated into a U.S. recession.

In fact, Reuters recently reported that policy experts have stated that “events surrounding the U.S. housing crash in many ways resemble the Great Depression, including strings of failed bailout plans and a reliance on voluntary compliance.”

Finally, as in the Great Depression, the financial system is in disarray. It was symbolized during the Depression by the failure of thousands of banks, mostly small, local outfits. There were 2,300 bank failures in 1931 alone.The parallel today is the crippling of one-time financial stalwarts, such as Bear Stearns, Countrywide Financial, and Ameriquest Mortgage.

The issue is so severe, that right after its unprecedented bailout of Bear Stearns, the Federal Reserve opened its doors to the surviving investment banks so that they could borrow directly from them—which is something they haven’t allowed since the Great Depression.

The Wall Street Bankers know something that they aren’t telling you. The Great Depression of 2008, 2009 & 2010 is right around the corner. Don’t be caught unprepared.

Learn how to prepare for Depression 2008, 2009 & 2010 now.

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