IPFS News Link • Economy - Recession-Depression

Money--How to Get It and Keep It

• https://www.lewrockwell.com by Doug Casey

One thing about a real depression is that everybody loses. As Richard Russell has quipped, the winners are those who lose the least.

As far as I'm concerned, the Greater Depression is not just another cyclical downturn. You may find that although you're far ahead of your neighbors (you own precious metals, you've diversified internationally, and you don't believe much of what you hear from official sources), you're still not as prepared as you'd like.

I think a good plan would be to approach the problem in four steps: Liquidate, Consolidate, Create, and Speculate.