10/12/2008

The Greatest Depression of All Time

New Book Explains Why the United States Is About to Enterthe 21st Century's Great Depression - and How to Survive.

In 2005, Don Braby's first book predicted the burst of the housing bubble and the unraveling of the national economy. Now his sequel, "The Greatest Depression of All Time", provides an updated view of the economic turmoil and tips on how the average American can withstand the coming "mega-depression."

Despite choosing the title "The Greatest Depression of All Time: Will America Survive This Time & What Can You Do About It" (available at Amazon.com) for his new work, Braby is not trying to panic or demoralize readers. In fact, his goal is to help people prepare in order to survive a financial upheaval that he believes will surpass the economic disaster of the 1930s.

The book explains the causes of the upcoming "economic winter," and also elaborates on the premise of his previous book: that the United States experiences major crises cyclically, with roughly six or seven decades between each crisis. "An easy way to looking at the cycle is to think of the crisis events as occurring approximately every 75 years," said Braby.

As evidence of his argument, Braby cites the American Revolution (1775-1783), the Civil War (1861-1865) and the Great Depression (1929-1946). "I'm just a regular guy, but I have a different type of mindset," he said. "I see U.S.
history as repeating itself, although specific circumstances affect the type of crisis we have."

Braby also devotes an entire chapter to ways in which readers can protect their families, though he cautions that success will depend on each individual's situation. Among the jobs that he predicts will be available during the depression are positions in medical and healthcare fields, alternative energy industries and also the manufacturing, marketing and selling of security systems. He also advises readers to pay down debt and prepare for the lowering of wages during a deflationary period. The book also includes web resources where readers may find additional guidance.
source: eReleases

Amazon's product review:
The Greatest Depression is a look at the coming economic crisis many believed would occur during the lives of our children or our children's children's lives. However, that time is now. In fact, if we examine the totality of our history, dating all the way back to Independence, we find that a cycle repeats itself on the average every 75 years. Every 75 years or so, the United States plunges into a crisis that lasts several years and sometimes as long as 20 years. The first such crisis was the American Revolutionary War in 1780. The second was the Civil War in 1860. And the third was the Great Depression, which began in 1930. Are we about to enter a fourth era of extreme hardship? Will America survive this time?
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we like it because: if we begin to look at the circumstances as we were in an "economic winter", be sure that an "economic spring" is around the corner!

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