What to do if you know a depression will hit in a couple years

[rusty JEDI]

We had a discussion in class today about how Americans are so dependent on credit, and are so overextended that it could throw USA into a depression. The prof explained the reason for the depression in the 20's was because of this.

So lets just say some how you are told a depression will hit in a couple years. It will be just like the 1920's. Assume its absolutely guaranteed, and nobody else or only a very few people know.

How do you prepare for it?

Do you go pick up some sort of skill job that would still be useful?

What do you do with all your current money? Do you try some risky stuff to get a fat stack so you're better prepared?

Will money be useful, or do you just start stashing away stuff that you could use to barter?

Do you move to a climate that isnt so damn cold in the winter when your power is cut off by the electric company?

Would a USA depression like the 1920's effect the rest of the world, so if it didnt you just move now? Would it weaken the US so much that some country would see the advantage and start attacking?

Just some thoughts I had i'm interested in what some of your thoughts are.


rJ