In this piece, Paul B. Farrell reports on Marc Faber's warning that "The future will be a total disaster, with a collapse of our capitalistic system as we know it today."
Mr. Farrell ends his article with this:
Downsize your lifestyle expectations, trust no one, not even media.
Faber is uncertain about timing, we are not. There is a high probability of a crisis and collapse by 2012. The "Great Depression 2" is dead ahead. Unfortunately, there's absolutely nothing you can do to hide from this unfolding reality or prevent the rush of the historical imperative.
So be ready. Get set for major change (that is what you want, isn't it?), change that may facilitate a move to a more libertarian society (Gerald Celente predicts the coming collapse may lead to a breakup of the United States, which would mean having the opportunity to throw off the oppressive yoke of our slave masters in Washington, D.C.). Decide what kind of a world you want, and then work to make that a reality by being true to your liberty-loving principles.
On a personal level, it might not be a bad idea to begin stocking up on things like canned goods so that you have an emergency supply of food on hand to last you for an extended period. When you see a bargain at the local market, take advantage of it.
It may not even be at the kind of store you normally shop at, but if they're offering a loss-leader item you can use, buy it. Example: I walked into a CVS drug store recently just to kill a few minutes by browsing. Walking down the aisles of miscellaneous junk, I came across two displays, one with cans of Van Camp's Pork & Beans for only 33 cents a can with a limit of ten to a customer at a time. I immediately went to the front of the store for a basket, loaded it up with ten cans, then followed my bargain radar to a shelf offering BumbleBee Solid White Albacore tuna for just 77 cents a can, limit six cans at a time. I then proceeded to put the allowed number of tuna tins in my basket as well. I went back to the store several more times over the next couple of weeks to repeat the ritual, before the bargain prices expired.
Another thing you can do to prepare for economic collapse is to have extra items for trade and barter should that become necessary. Things people will need if they're not readily available at stores; razor blades, toilet paper, liquor, you get the idea.
I'm not the survivalist type, but I'm doing what I can, and while the future may look bleak on one level, on another, it gives those of us who long for real freedom the hope that out of the ashes of the current corruption a new and brighter (and freer) world will eventually emerge.