How to prepare for a new US depression

A new depression in the US is practically inevitable, says Doug Casey in the Daily Reckoning. You can take your pick from the likely causes: the probability that we’re going to hit Peak Oil in the near future, escalation of the War on Terror, the massive US trade deficit - or all three. So what are the signs to watch out for - and how can investors protect themselves, or even profit from the coming storm?

It's been said that if you spend 15 minutes a year thinking about the economy, you're wasting 13 minutes.

That's generally true. But as an amateur historian, I can't help myself. And I'm forced to believe that this is a time when the subject is worth some real thought.

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