Roger, you are not alone in wondering what to do to prepare for the possible hard times to come. Perhaps I am a pessimist, but I have always been aware that a depression could come again. Some of my in-laws survived the Dust Bowl, and my mother survived the occupation of her homeland by the Nazis. Human events move in cycles, and history tells us that every boom is followed by a bust. Today’s depression may not look like that of 1935, but that does not mean it cannot occur.

What lies in store if the dollar is suddenly and drastically devalued due to inflation, or perhaps by our foreign creditors calling in their notes? A similar fate could await us if the world ecnomic system “decides” that the US dollar is no longer the best reserve currency, and migrates to the yen, euro, or other currency.

Barter anyone??

As long as we are looking darkly into history’s looking glass, anyone remember how the last depression ended? In the largest and most destructive war in human history, that’s how. Here’s praying that doesn’t happen again…