How To Survive The 2012 Recession by Bob Miller

[faroddy]

this is not a recession its a Depression The Greatest Depression that the world has ever seen

[jaingxu]

Coke and 3M when the economy crashes again sounds like an excellent investment. I believe the stock market will collapse drastically again like in 2008 and osama bin bernanke will really run the printing presses. But the thing is it seems inevitable that the federal reserve not is going to either become majorly worth less, or just plain worthless this time. I think this is the end of the road for this paper currency, so I'm a believer in holding physical gold and silver bullion.

[tvalerianopereira]

Do you think that this may be the end and those stocks will never recover from the fall you say they will have within the next few months? How are the USA going to pay their one year worth of GDP debt? Are you going to bring back the production from china and work your asses off as if you were chinese? Just wondering...

[BobbyWarrenMiller]

@tvalerianopereira All good questions, but I don't have the answers. I'm going to sell my favorite stocks short whenever one reaches a 52 week high with the hopes of buying it back at its 52 week low. I retired in 1988 after doing this very same thing.

[BobbyWarrenMiller]

The first domino to fall.

CNN: "U.S. Postal Service Is Nearing Default as Losses Mount."

[Energyfield]

2012 - a time of change as predicted by

the Maya, Mr. Miller and other native indians?

Beef jerky might be worth more than gold when

shit hits the fan........

[BobbyWarrenMiller]

@Energyfield More than one starving man has traded the gold fillings in his teeth for a piece of salt pork. I watch with total amazement as the herd is driven farther out into the dry, parched desert making merriment as if they were going to a party. – "Alas, regardless of their doom, the little victims play! No sense have they of ills to come, nor care beyond today." - Thomas Gray

[BobbyWarrenMiller]

There needs to be 123,000 new jobs created each month in the US for the "ACTUAL" unemployment rate to remain constant. So when you read or hear that 55,000 new jobs were added last month-what they're really saying is-we just fail behind another 68,000 jobs.

[Dwicker64]

Great advice Bob, and I really love to watch the bobble heads that pack their asses in football stadiums which is really more important than their future.

[BobbyWarrenMiller]

@Dwicker64 I'll say it again. It appears to me that most poor people expect things to happen without effort. They ascribe failure to a lack of inspiration or ability, to misfortune, or to others not caring rather than to an insufficient effort on their part.

[BobbyWarrenMiller]

CNN: President Barack Obama's retreat on ozone standards is another reason to question how aggressively they want to support his reelection in 2012.

Those who do not get the gravity of this are to be pitted.

[DavidRandallCurtis]

Good video Mr. Miller... if I ever make a dime off poetry or cartoons I think I will take your advice! :P

[BobbyWarrenMiller]

@DavidRandallCurtis All I can say, David, is you best be preparing for some hard times. No one alive today has experienced the hardships they're going to have to endure for 2-3 years. I can only laugh when people say, "If it gets any worse I'll kill myself." Sorry about that, but it's going to get worse, much worse. We owe $14 trillion we can't pay back.

[hyperboreean]

@BobbyWarrenMiller "We owe $14 trillion we can't pay back."

Sure you can pay it back. It's approx. 60% of your GDP (i.e, world average) and the rates are rock bottom (inflation indexed T-Bill: 5 year=0.125%; 10 year=0.625%; 20 year=2.5% 30 year=2.125%). That's FREE MONEY.

BUT, you would have to tax the filthy rich and the Corps a bit more than the current 8-12% so ... I guess you are right after all. No way they'd allow you to pay it back.

[BobbyWarrenMiller]

@hyperboreean The Heritage Foundation: "The U.S. Treasury Department came out today with its Debt Position and Activity Report for July. The news is bleak. With the additional $238 billion the Treasury immediately borrowed when the debt ceiling was raised on August 2, total current debt now exceeds 2010 gross domestic product (GDP) for the entire United States."

[hyperboreean]

@BobbyWarrenMiller I hope you don't take the propaganda spewed by the Heritage Foundation seriously.

You should probably know that neo-cons (including corporate media) have pushed the BIG LIE regarding the US debt. They quoted FOREIGN DEBT (i.e., Govt. debt + private debt) instead of PUBLIC DEBT. Yes, the foreign debt is 14+ trillion $, but that includes the ~$6 trillion that private banks owe foreign creditors. The Public debt was 62% GDP.

No one called the mofos on their lie.

So WTF Mr Miller?

[BobbyWarrenMiller]

@hyperboreean My post read..."The U.S. Treasury Department came out today with its Debt Position and Activity Report for July." I simply took the information off of one of the 7 sites reporting this that included CNN. Lots of people like to discount the debt we owe ourselves. I don't do that. If I owe $10 to my son, I count that as money owed, not a pay if I like debt. And my son knows that if he don't pay me as promised, he'll get a knock on his door.

[hyperboreean]

@BobbyWarrenMiller LOL, and my points were:

- Heritage Foundation is a propaganda outfit;

- Public Debt and Foreign Debt are different things;

- "No one called the mofos on their lie."

Govt debt is not comparable to beer money loaned someone. Just as corporate bonds are different from credit card debt.

Finally, I'd like to know your solution to the current depression (if I didn't piss you off too much, that is)

[BobbyWarrenMiller]

@hyperboreean You haven't pissed me off. You don't understand that "We the People" are the government, and we keep our word regardless of who we owe, or we do not. There are no white lies. Just lies. There is no such thing a creative accounting. That's just a nice term used by assholes like Lloyd Blankfein to secure a 60 million dollar bonus. There's right and there's wrong.

[hyperboreean]

@BobbyWarrenMiller Well ... thanks for the reply anyway.

FYI, I was aware of the 14th amendment provision and alluded to Keynesian remedies to your (and our) problem.

I guess we were talking past each other.

Regards