How to Prepare for the Coming Depression Part 2 – Finances

How to prepare you finances for depression. Cut costs, pay down your debt, and increase savings, are all steps that you need to take to prepare for a depression.

Regardless of it being an inflationary or deflationary depression, you would not want to be vulnerable to skyrocketing prices or a food shortage. This was the main reason why you want to invest in your food supply today, because the longer you wait the more the prices will rise.

Harry Dent Discusses The Coming Depression

We’re not out of the water yet. Back in march Harry Dent predicts that in 2009 we will level off for a period then in 2010 or 2011 is when the major bubble will burst. Citing possible Dow Jones index at 3500 levels. So far HSDent Financial predictions have been right on. Take this advice carefully.