What Comes Next?

The author of Financial Armageddon: Protecting Your Future from Four Impending Catastrophes, Revised and Updated Edition has a new, must-read book  just hitting shelves.

Review coming, but considering the prescience and brilliance of Michael Panzer’s previous work, I believe it’s a must-read for anyone wanting to prepare for the economic and societal shifts bearing down on us right now.

The above mentioned book, Financial Armageddon, called with exceptional clarity, the problems we’re enmeshed in right now, even though our “leaders” and economic “experts” laughed such talk off. Well, they’re not laughing now, but sadly, still in their “leader” and “expert” roles, pretending to know the way out of the woods.

Most of these “architects of our demise” will attempt to marginalize the concepts in this newest Panzer work as well, but will be on the front lines telling us what we need to do to fix the problems when they show up.

Books, Economy, Society Depression, Financial Armageddon, Michael Panzer, When Giants Fall

It’s been quite a long gap in posting, but for good reason, I think. My family, for the first time in many years, took a long holiday break from work and school. Though I had every intention of “working” on WCN.net while away (it’s more a labor of love and concern than true “work”) I decided a couple days into the vacation to consider it work and stay away from it. That, in my opinion, was a good decision, as it allowed me to soak in some life, recharge, and watch the world more as a participant than as an observer. I believe the insight I gained from this helped me better understand what’s going on, and it gave me some ideas to share with you in the coming weeks.

Once I got back to the “business” of WCN, I saw some things that need to change with the site. You’ll start to see some of those changes gradually over the next month. The big change is of perspective. It occured to me that this site has been mostly about the possible branches on the path that our economy and resulting society could travel. WCN.net is going to start being more about the path we’re on and what you can do to survive, thrive and be successful in our new world. Make no mistake, we are in a world that’s much different than the one we were living in 2 years ago.

We are living through a societal paradigm shift that is changing almost everything about the way we live in the U.S. Part of that paradigm shift is that sites like WCN.net, Kunstler.com, Financial Armageddon, When Giants Fall, WorldNetDaily, Urban Survival and others are “suddenly” seem less directed at the “paranoid fringe” and more for everyone. Those sites mentioned haven’t changed their direction, many people are simply seeing the light. Events have played out in ways the writers and editors of those sites (and many more, by the way) predicted. Those who previously scoffed are now getting it, and in many cases, preaching the gospel of dramatic change.

The tenor of WCN.net won’t change. The changes I’ve been writing about for a couple years now are happening, and instead of engaging in the tempting “I told you so” that would be easy to write, I’m going to transition to writing more about what preparations and activities could help ensure survival and success in these difficult times.

Society, US Change, Depression, Future, Recession

If you’re a regular reader, you probably have noticed a slowdown in the number of posts since the election of Barack Obama. Though I didn’t intend to slow down or stop posting, the events of November 4, 2008 have caused me to realize that the future of this website is uncertain. To be frank, I’m not sure about the direction (if any) I should take with it.

The American People have spoken, and what they said was “we choose the message of change Obama and his $600 Million in marketing has sold us.” Think about that. $600 MILLION dollars were raised and most of it spent to acquire the White House. These foolish, foolish people have elected a man no one knows that much about. It’s at times, very frightening.

But it’s done.

I’m not writing right now, because the future is getting so terribly dangerous for Americans, who are mostly asleep. But an abrupt wakeup is coming. It will probably begin not long after the first of the year, after the worst retail holiday season ever, as in the cold, harsh light of the winter of a new year, companies begin their fiscal years gutted from layoffs. In many, many companies across the country, only essential employees will remain. Layoff news stories that will begin in early January will be shocking, and mind-numbing as they roll over us like a tsunami. Chicago Mayor Richard Daly calls it “frightening.”

“We never experienced anything like this except people who came from the Depression,” Mayor Daley said. “When you have that many layoffs early – and they’re telling me this is only the beginning of their layoffs – that is very frightening.”

I believe some of the darker predictions of Kunstler, Panzer and Orlov will come to pass in 2009. I do not believe there is much we can do to stop it. For ourselves and our families, we can only prepare.

So, in that spirit, I’m spending my What Comes Next? time finishing up my special report What You Can Do to Protect Your Family and Yourself During This “Greater Depression.”

I’m also spending some time thinking about whether, as a family, we stay or we go. I’ve always rolled my eyes at those people who say “if so and so is elected, I’m leaving the country…” but this is different. It’s not so much Obama that I’m worried about (though I’m not at all comfortable with such an unknown quantity with his questionable background leading our nation), but the mentality of the people who elected him, whether its a culture of people who feel it’s time for payback of one type or another for one perceived injustice or another, or a culture of tv-fed, clueless liberal magical thinking sleepers who believe in this vague message of “change,” and may or may not soon wake up to realize they’ve brought about a change much different than the one they intended.

In short, my family may decide that it’s time to expatriate, and return to the land of my wife’s parents and my grandparents in the UK. My name will probably tip you off to exactly where that is. We’re currently evaluating the real estate situation in both Glenfinnan on the mainland and Portree on the Isle of Skye, as we consider where it would be best to continue raising our family. It’s kind of heartbreaking to be seriously researching this, rather than just fancifully discussing it as we have in the past, because we’re both proud and loyal Americans. But, day by day, I can feel the America I knew growing up changing into something very different, both structurally, politically and philosophically. It’s changing into something that increasingly, I feel I don’t understand, someplace that’s not really “home.”

Politics, Society, US Depression, Politics

Problem number 1 will be the economy. He will be in charge of the world’s only remaining Superpower in decline, and possible economic collapse.

Problem number 2 is Iraq. He claims to know what to do, and it’s entirely possible he will get the chance to prove whether he does, or will just screw things up worse.

Problem number 3 will be impeachment. There is no way a candidate for President of the United States can raise $150 million in a month without his organization making some big mistakes. I predict that in the coming months, should Obama be elected, we will hear about a massive donation from somewhere horrifying. I guarantee that Senator Obama’s opponents have already begun investigating where the almost quarter of a billion dollars in donations in August and September came from.

He shouldn’t have taken the money. First, in doing so he broke an agreement with Senator McCain to take public funds, which would limit his outside fundraising. Secondly, studies show once you get to a certain level of money, incremental dollars don’t help that much, if at all. He didn’t need the money.

The problems associated with massive fundraising in my opinion (which I should tell the reader ISN’T backed up by any first-hand experience with political fundraising – just common sense) just aren’t worth the benefit derived from them. The more money rushing in, the more likely it is that some of it will be difficult and/or embarrassing to explain. I think the possibility exists that a President Obama will spend a great deal of attention during his first term explaining not a spot on a dress, but a million dollar contribution by someone he shouldn’t have taken a dime from.

Again, I believe an Obama Presidency, should it occur, will be an ugly time. And that’s unfortunate, because I don’t fear Barack Obama as a person at all. I think, if he were at the head of a complete overhaul of our political landscape in Washington, DC, we could do far worse in a President. But, it’s not a complete overhaul, and a lot of the same players are in charge in Washington. I don’t fear the results of a President Barack Obama, but I am concerned about what can happen with Nancy Pelosi, Barney Frank and Harry Reid in charge with a rubber stamp-providing President in the White House.

They are incompetent and corrupt and will play Obama like a fiddle.

Politics, Society, US Corruption, Impeachment, McCain, Obama, Scandal

The question is no longer “if?” But rather “when?” and “how bad?”

Answers: 2009, and very bad.

We’ve got lots of data about what happens when economies slide into recession, but fortunately, little experience with what it’s like to enter a depression. My view is, we’re about to collect some data and add to our experience level.

Despite our lack of first-hand experience with depressions, one thing is clear – the beginning of an economic event like this can be like a snowball rolling down a hill, picking up energy and mass as it goes. That snowball is bearing down on us right now. Believe it.

Here are some important cues:

• The volatility of the market. Been watching the DOW lately?
• Shipping slowdowns – The less stuff coming into “Consumerland” (the U.S.), the less stuff that will be sold, with all sorts of negative results like layoffs, lower sales tax collections (resulting in state and city budgetary shortfalls, resulting in layoffs, and on and on. Stories here, here and here. In short, the Port of Long Beach is showing a 15.8% decline in inbound containers September to September, and a 10.8% slowing so far in 2008.
• The amazing lack of visible results of the $750 Billion bailout Bernanke and Paulson engineered. The problem sucked all that money up in a hurry, didn’t it? Now, there’s talk of another bill.
• Unprecedented demand for Gold, despite the horrible performance of the paper version of the metal, as well as the mining stocks. Try to buy gold coins or bullion. You can’t. Yet the price of the metal is languishing

So, it’s more important than ever to protect yourself and your family. I’m writing a FREE report about how to start the process of doing just that. Click HERE to get it.

Economy, Society, US Bailout, Depression, Economy, Money, Recession