Free Republic

In his own inimitable style, Davidowitz explains why the consumer is in "terrible shape" and why "it's going to get worse," citing the following: Crushing Debt Load: Consumer debt is 117% of disposable income. Help Not Wanted: Even November's "strong" report included more people dropping out of the labor pool (315,000) vs. those who found work (278,000), according to the Labor Department's household survey. Reverse Wealth Effect: Household net worth fell 4% in the third quarter, a drop of $2.4 trillion, according to the Fed. That's the biggest drop since 2008 and would be hard to overcome even if wages...

But one thing is for sure, whenever i hear these days somebody says: “I will not do that if SHTF“ or „I ll do only that if SHTF“ whenever i hear that i feel sick. Wait and see… Truth is: You never know how far you are going to go with some things in order to survive, there is no chance to know that before SHTF, everything else is only talking and discussing in front of PC, in nice and warm room, safe, not hungry or thirsty and not under fire or chance of losing life or that loved ones...