March 6, 2013 — When I started writing about how the global economic crack-up would become a reality sooner than later, it was 1997 and I was finishing an MBA late in life. Despite reading perhaps a hundred books, all told, on cyclical economics, past Depressions, Panics, and Crashes, it never truly got personal until this week when a long-time friend, someone I have done business and investing with for years, was on the verge of broke and was packing up his home office and preparing to head out. I promised myself that before he left, I would put some mental focus on what he’s likely to face in declining-lifestyle America. Just jotting down this morning’s report – as a checklist and toolset for him – has been one of the most bitter pieces of writing ever. But, before we get into that, how about we warm up a bit with coffee and headlines? Even bad instant will be less bitter than this morning’s topic and we venture far beyond simple prepping…
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