The Fed has finally admitted what many who have been paying attention already knew: we’re heading for economic upheaval. This brief and passing moment of truth brought forth from the system of the Fed bowels made its way to the American public via CNBC on Tuesday. For readers who can stomach additional detail on this, two fed officials, Charles Evans of the Chicago Fed, and Atlanta Fed President Dennis Lockhart said that tax increases and spending cuts will put the US at risk of careening toward a “fiscal cliff” by year’s end.
It what could be construed as additional proof that Obama and the rest of DC may be hiding the inevitable, Reuters reported last week that Yale economics professor Robert Shiller believes that the housing market may take as much as an entire generation to rebound.
For those who are wondering what can possibly be done to prepare for and position their families for what’s beginning to look like the Great Depression of the 21st century, one of several helpful resources is the book The SALT Plan: How to Prepare for an Economic Crisis of Biblical Proportions.
SALT is an acronym that stands for Savings, Allocation, Liquidity, and Truth. The book is written by Chuck Bentley of Crown Financial Ministries and not only does it offer insight for those who actually still have some assets about which to be concerned, but it also offers some very basic ways to prepare.
Bentley said in the book that he wrote it with the intent to “shock” people out of their “typical mindset.” He goes on to note that Americans are generally an “optimistic people, but that leads us to be unprepared for something unexpected.” He adds that the combined events of the earthquake, tsunami and nuclear meltdown in Japan in 2011 were what made him realize that the “unthinkable” isn’t as unlikely as we tend to believe.
Bentley discourages a survivalist, loan-ranger mentality, but rather, encourages the idea of people being willing to come together in a community to help each other in difficult times. He touches on the ideas of the value of gardens; having an ample supply of canned goods, clean water and other basics on hand; and having at last a basic understanding of how to live off the land if necessary. Bentley also addresses economic cycles and the approach of the New World Order.
- Download a FREE Crown Financial Money Map (christianpf.com)
- Prison Planet.com ” Class Warfare Is Being Used To Divide America – And It Is Working (gunnyg.wordpress.com)
- Yale economist says world has entered a ‘Late Great Depression’ (theextinctionprotocol.wordpress.com)
- Krugman and Shiller: We’re In a Depression (washingtonsblog.com)
- Encouraging story of getting out of debt: Patrick Gesselman (christianpf.com)