Well>>>It happened!!!!

But as a small businessman I haven't worked in my industry since November 2007 and for me there is no unemployment. I've had to take a 60% pay cut just to find work. My reality started 1 1/2 years after 911 when the house market stared its downward trend. The sad truth of the matter is that it is worse than I think. In 1999 I took a big pay cut in order to movie to a beautiful part of Michigan. At that time for my hourly wage of $12.50 an hour I was able to buy Junk Silver at $4.20 frns for 1 face dollar. Basically meaning that I was getting 3 silver dollars an hour. As my business grew for 4 years I was up to $25 frns an hour. As of November 2007 I was receiving $1.75 in silver face value for my $25 frns an hour. If I had been working in my industry in March when it spiked over $20.75 frns I would have received $1.20 in silver face value for my $25 frns an hour. From $3.00 silver in face value to $1.20 silver in face value.

Now in 1959 Gasoline was selling for $0.20 a gallon, two silver dimes. If you track the price of those two silver dimes with the prices of gasoline you'll see that two silver dimes have been able to buy 1 gallon of gasoline since 1959 to present, plus or minus 1 or 2 cents in silver, face value. Basically $0.18 to $0.22 in silver. Following the lead and lag of the market.

Thus the Great fraud of the Federal Reserve Banking system and its Federal Reserve Notes (frns).

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You're all bankrupt corporate trusts under the S.S.N. and because the bankrupt government created corporations they, the banksters(receivers) have the RIGHT to control you. Go back to your private Christian names or natural names, if you will, and live in the REPUBLIC.

JonQ.Publik

Live Free or Die, because if you're not FREE you're dead already!

She's been working at a high end salon for the past couple of years, told me they called her as she was heading in to work and told her they couldn't afford her anymore. Promised to give her great ratings when she starts interviewing for another job. Things are getting bad.

Just a suggestion: To save money, my oldest child needed clothes because he was a 3T and now needs 4Ts. Went on craigslist with my specific needs and found people who needed to sell things because they need the money. I got a tall kitchen garbage bag FULL of NICE 4T-5T clothes for $20 plus 2 pair of shoes for my son. The retail value I'm sure would have been about $200. If you need clothes, household items, tools, furniture, electronics use Craigslist for your city and find GARAGE SALES posted on Craigslist so you know where they are and what they are selling. If they are in nice areas, usually the items are well taken care of. Not all garage sales should take place because some people do sell JUNK, but not all. Select your areas carefully. Sometimes on Craigslist, they show pictures of the items too. Don't waste your money going to the mall or where ever. Not to mention, No Tax. There is nothing wrong with second hand clothes, toys, furniture, etc..A valuable lesson that I'm trying to teach my kids and one I learned for myself real fast.
Also some people are willing to barter, so cash exchange, but all needs are met. Or barter your services and talents for the goods you need.

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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I remember your posts correctly, at least, you sold your silver at something like $21/oz, right?

and make/market those. I've begun making extra-rugged hand carts in my spare time but those will go on hold while I test-market an item for gun owners.

Wood stoves, chimneys, chimney service and repair, chainsaws, wood-splitting tools, bullet-proofing, barrier fencing, emergency lights, entry locks and padlocks, solar-powered security systems, auto salvage, farming, gunsmithing, these are a few things that may heat up in a looming depression. Maybe you can add some more ideas.

We've been waiting for our big client [read: only client] to make good on payments owed for May through September. Now after all this waiting, it appears we aren't going to see a penny more from this client (who allegedly had not received payment from his client). It's been difficult enough holding on all this time, but now, knowing that nothing more is coming...hoo, boy. Though my husband's line of work has been rather lucrative in the past, business has fallen a great deal, and now has dropped right off a cliff with nary a client in sight. Now, I'm listing things on ebay in order to buy groceries.

And the day after I realized no promised check was forthcoming...my computer died (borrowing one now). Naturally, computer repair is not at the top of my financial to-do list.

The writing has been on the wall for some time, so I'm mentally and somewhat physically prepared, but it looks like we're going to be making a sudden and quite drastic residential change very, very soon (say, within "30 days"), if you know what I mean.

I am very grateful to DP, as my education here certainly helped to get me prepared for this and other types of eventualities. I may be bidding farewell to a nice home and lovely possessions, but, I've got many (though not all) of the necessities we've so often spoken of here; I've talked with my kids in the past about possible changes, so they aren't taken totally by surprise; and keeping the Big Picture in mind makes it easier to part with things that are, let's face it -- just things, after all. I feel mostly prepared, and certainly blessed.

Oh! And Victory Garden 2.0 is sprouting!! Success in the garden at last! Good thing I planted in (portable, movable, relocatable) pots instead of in the ground!

Best wishes and warm encouragement to all who are facing their own economic downturns. Keep breathing -- we will get through this.

Take,
I have owned my own business for 20 years now.. this is the first time I will be having to lay off 4 people.. I am in the same boat you are! I have never had an employee collect unemployement on me in 20 years! for the first time in 20 years I am wondering where my next job is coming from!
everything I have been preaching on here for a year now is happening. We are headed into a depression .. there is no doubt.. with all this stimulus the fed and government are putting into the system it is surly going turn into an inflationary depression just like Ron Paul has said! I can see it!

3 years ago I had 30 employees. now I am down to 5!

"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson

I am more concerned about the return of my money than the return on my money. --Mark Twain

I am in a state of "shock" right now. He has worked there for over 7 years. 3 years ago he got promoted and they moved us to SC. I do contract work as an accountant and have not worked in 5 wks. I am honestly in shock! We have a 30 yr. fixed rate mortgage with Countrywide. I don't know why I'm telling Y'all this except that I hope to find some comfort here. I am trying to stay composed so that I do not freak him out but I am very scared. Please pray for us.

Your "conscience" is the measure of the honesty of your selfishness. ~Author Unknown

We were very busy today.....I guess we are in a market that is not affected immediately by a stock market crash.......we were swamped. Even though we laid off people today....and lowered salaries of our employees.....we did good.....I will take it one day at a time........overall....we are down 35%...which has never happened in 21 years...

Peace

Tomorrow was to be my final day, however I found out late this afternoon that I will be kept on for a couple more weeks. We've seen this (economy) coming for quite some time (years) so have had time to prepare for it. It pays to be aware and plan ahead.

Ever since I've been watching silver (and gold) they've been manipulated manipulated manipulated. If the powers that be can manipulate it NOW, who's to say they can't manipulate it forever? I'm becoming a believer in what a poster said a few weeks ago ... silver should never be bought for investment, it should be bought for an insurance policy. Someday (soon, who knows?) it may be what brings us through a tough time. But that's what it should be kept for, an insurance policy. Hopefully some day we can leave it to our heirs without ever having to use it. Silver should never be traded for FRN's. OK, I'm open to discussion ... but all the manipulation has really turned me off for metals, except as insurance.

Silver is impossible to find right now.

There is something very strange going on in this country. Someone is literally yanking Silver off the market, someone should find out who is buying it.

700 billion says its Big Bank and Big Gov

Per RP, I'd rather have cigarettes than paper, maybe I can trade my smokes for a dead rat when we're all fighting for survival

If you have any money, buy gold and silver, we are headed for hyper-inflation.

I just won a big battle against my wife, she is cashing in a relatively small 401k and we will be buying precious metals.

Don't make waves at work, or you will most likely be the first to go, especially in my non-union company.

Be prepared, lessen your debt, lessen your possessions, because possessions actually possess you.

"The Constitution was written not to regulate you in any way, the purpose of the Constitution is to restrain the government." Ron Paul.

http://hk.youtube.com/watch?v=DVUR3-3-IQM&fmt=18

I hear tomorrow there will be 30 people laid off, Jese! I make rope, you would think as long as there are politicians, the demand for rope would be there, if you get my drift. I have been there 22 years and was planning on retiring in Dec. but from the looks of my 401k, I will die there. BUMMER

reading :America's Great Depression by Murray N. Rothbard. In his introduction to the fifth edition he states that at one time 34 million men, women and children were without any income at all and this figure excluded farm families. We will probably smash that record. I see where Nancy Pelosi wants to pass a 300 billion dollar stimulus package, I think it was 150 billion just last week. I think these people are insane. I hope they lose every dime they have.

when the total population including children and elderly was 125 million. Peak unemployment came in 1933 when the jobless reached 17 million. I posted this article on another post, www.russiatoday.com/features/news/31913, the article is titled "Where did America's missing millions go? Holodomor lessons". I'd really like to hear some other opinions on this. The author of the article is suggestion over 7 million people unaccounted for, disappeared. Time to go to work, my prayers are with everyone struggling with the layoffs right now. Times are hard and I'm afraid they are only going to get worse. I'm preparing for retirement right now, finishing up some projects,maybe it will save a younger person's job.

They laid off over 1000 teachers in the Dallas, TX school district.... They were sending recruiters from our area to bring some down here....funny I was talking to my husband yesterday about the possibility of moving now that the economy is better (snicker, snicker) and he said he couldn't take the chance of losing the tenure in the school he's at because the policy is 'hire last lay off first'.... I never really thought I'd see the day that teachers had to worry about being laid off!

What Industry are you in?

I haven't been paid in 2 months and some of our partners are getting panicked. Our situation is a little different, but due to the economy it affects our ability to get funding.