With the Economy heading into a recession, where do you see us going.

I see us at the brink of a great depression. We're a bit worst off than the people of The Great Depression. At least they had wells to dip water from. We don't even have that. Food rations have started now. Some wholesale clubs are rationing rice and this is just the beginning.

I think we are in a downhill spiral towards recession now but do not see a replay of the great depression. Prices will continue to rise, the economy will suffer and the recession will run it course. Eventually we will rebound and begin to thrive again, until then, batten down the hatches and prepare to ride out the storm.

The great depression happened because banks were failing and people were in a panic and took their money out, causing more banks to fail and businesses to fail. There are safeguards to prevent that from happening these days. I do see signs of a recession and I do believe that it will get worse before it gets better. The economy is going to continue to slide downhill as the rising price of gas causes everything to go up to the point that businesses close or have to lay people off. Everyone should be prepared for this possibility by saving as much as you can now and conserving as much as you can now. Pay off or pay down high interest rate credit cards and cut them up. Get yourself into the best possible financial position that you can and wait it out. Eventually the economy will turn around.