Monday, June 6, 2011

Federal Reserve Sees A Depression Coming

 In an article for CNBC, Peter Yastrow, market strategist for Yastrow Origer, said that Wall Street is baffled in trying to figure out the slowing economy.  "What we’ve got right now is almost near panic going on with money managers and people who are responsible for money," he said.

"Interest rates are amazingly low and that, thanks to Ben Bernanke (The Chairman of The Federal Reserve), is driving everything," Yastrow said. "We’re on the verge of a great, great depression. The [Federal Reserve] knows it. 

Ever heard the old saying about history repeating itself?  I find it funny the generational difference in opinions sometimes.  With some exceptions, when I visit with someone in the 50 to 65 age range, they don't seem too concerned about food storage.  But when I talk to my grandmother (85) or some one else of her generation about food storage and about stock piling, they wish they had that opportunity during the Great Depression.  It just hit them before they new what was happening. 

There was no such thing as freeze dried foods in their day!  Most of what they had was grown themselves and then canned.  It provided what they needed for the next season.  Parts of the country were also experiencing drought at that time.  There was no such thing as sprinkler systems, or those fancy watering devices you see in fields now days.  You know the water sprinklers set on big wagon like wheels that roll down the rows and water the large fields.  They caught rain water in buckets and barrels to water the garden.  My father in law says that his mother used the rain water to wash her hair.

I am no historian, as you can probably tell.  The point I am trying to make is this:  take heed!  When the Federal Reserve knows it coming, the bankers know it is coming and history tells you it is coming, please listen.  You have the opportunity to prepare!

So what if they are wrong?  What are you left with? FOOD!  Delicious and nutritious food.  As the mother of three I am taking the better safe than sorry route!

Visit my site at to see all the great products that Shelf Reliance has to help you prepare.

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