Today's Coming Great Depression News

The signs of the next great depression are everywhere you look. In fact, there's scarcely a piece of economic news that doesn't corroborate the nation's slide into financial ruin. Here then, is the latest doom and gloom:

Everybody from every socio-economic group is heading to the local pawn shop to sell off whatever it is they own that still has any value so as to pay those mounting bills. Since banks aren't lending money any longer, pawn shops have become a refuge of last resort.

The Federal Reserve will slash interest rates to an historic low. How low? Try 0.5 percent. If that doesn't work, they could always shoot for absolute zero.

Remember "Drill, Baby, Drill!" the cure-all mantra chanted at each and every Sarah Palin rally this past fall? Well, it seems U.S. drilling activity is off sharply. This is bad news for oil-producing states like Alaska.

If you've been laid off from your job, you might consider trying to find another one. This, and other stellar advice, comes to us from Laurence Shatkin, author of 150 Best Recession-Proof Jobs. You can always go back to waiting on tables, but, then again, who has money to eat in a restaurant? So:

Instead, Shatkin suggested looking off the beaten bath, such as working as a funeral attendant ($22,470).

If that doesn't help lift your spirits, there's always William Styron's Darkness Visible for light reading.