As crazy as they may seem, these are my predictions for the next 12-18 months.
1) 2009/2010 NFL season will be interrupted due to a national emergency / disaster.
2) Commercial real estate continues its decline and as severe as it is, the second wave of ALT –A and ARM resets will be even more dramatic then the first wave that set the housing market downward. The bottom line is national average housing prices drop an additional 30%
3) Baking holiday declared immediately after the end of 2009 that period of time we used to describe as holiday shopping. Used to. In 2009 holiday shopping will represent less than 50% of 2007 volume. Do not measure dollars spent, the inflation will hide the real impact, measure total units, items per sale.
4) By the summer of 2010 we will announce the resumption of the military draft, whether it is for a civilian duty or traditional service, it will be compulsory.
5) By the end of 2010 capital controls and/or price controls will be implemented in US.
God have mercy on our children.
Monday, August 31, 2009
Tuesday, August 25, 2009
Is this Decoupling?
Jim Willie, CB has a very relevant article at Financial Sense University. The chart that illustrates his critical points is below. I would recommend that this be read in its entirety and therefore I will not attempt to highlight points in this post.
This chart shows foreign investors fleeing the dollar and the US bond markets. I think this is the first step of decoupling that folks like Peter Schiff have warned about while many refuse to admit it is even a possibility. His most recent video blog below Schiff speaks to this point. When the US begins to market its securities in foreign currencies you will know that we are indeed looking over the cliff of hyper inflation. This paragraph is my opinion and not Jim Willie’s or Peter Schiff's.
This chart shows foreign investors fleeing the dollar and the US bond markets. I think this is the first step of decoupling that folks like Peter Schiff have warned about while many refuse to admit it is even a possibility. His most recent video blog below Schiff speaks to this point. When the US begins to market its securities in foreign currencies you will know that we are indeed looking over the cliff of hyper inflation. This paragraph is my opinion and not Jim Willie’s or Peter Schiff's.
Saturday, August 22, 2009
Obama is God’s Partner in Matters of Life & Death
Obama says “We are God’s partners in matters of life or death”.
I wish I knew who the “we” includes unfortunately I am left to speculate.
By “we” does he mean Rabbi’s, Rahm and himself?
By “we” could he mean Michele and him?
By “we” does he mean the federal government?
If he means any one of these examples I am terrified.
Our president thinks he and some undefined others are partners with God in matter of life and death. Let that thought sink in for a moment. I do not claim to speak directly with my creator however I am very confident that president obama is not my savior’s partner.
I must be in an parallel universe because presidents claiming to be a partner with God in matters of life and death would alarm thinking people in the universe I was born.
How did I get here?
How do I get home?
I wish I knew who the “we” includes unfortunately I am left to speculate.
By “we” does he mean Rabbi’s, Rahm and himself?
By “we” could he mean Michele and him?
By “we” does he mean the federal government?
If he means any one of these examples I am terrified.
Our president thinks he and some undefined others are partners with God in matter of life and death. Let that thought sink in for a moment. I do not claim to speak directly with my creator however I am very confident that president obama is not my savior’s partner.
I must be in an parallel universe because presidents claiming to be a partner with God in matters of life and death would alarm thinking people in the universe I was born.
How did I get here?
How do I get home?
Monday, August 17, 2009
Americans Wake Up to Obamanomics!!
The USA Today commissioned a poll on the current economic situation. Here are some of the highlights:
Q- Are you worried, or not worried, that money from the economic stimulus plan is being wasted? If you are worried, are you very worried, or only somewhat worried?
A- 78% answered they are somewhat or very worried it is being wasted. Only 20% feel it Is not being wasted.
Q- Over the long term, do you think the stimulus will make the economy better, have no effect or make it worse?
A- 60% answered that it will have no effect or make things worse. Duh!
Q-In the short term, do you think the economic stimulus plan has made your financial situation better, not had an effect, or made your financial situation worse?
A- 81% believe it has had no effect or made things worse.
Could it be Americans are starting to…think?? One can hope!
Q- Are you worried, or not worried, that money from the economic stimulus plan is being wasted? If you are worried, are you very worried, or only somewhat worried?
A- 78% answered they are somewhat or very worried it is being wasted. Only 20% feel it Is not being wasted.
Q- Over the long term, do you think the stimulus will make the economy better, have no effect or make it worse?
A- 60% answered that it will have no effect or make things worse. Duh!
Q-In the short term, do you think the economic stimulus plan has made your financial situation better, not had an effect, or made your financial situation worse?
A- 81% believe it has had no effect or made things worse.
Could it be Americans are starting to…think?? One can hope!
Thursday, August 13, 2009
The “Second American Revolution” Has Begun By Gerald Celente
"I hope I am not violating an copyright laws, however this is critical info that I want available and documented." -c2084
The “Second American Revolution” Has Begun By Gerald Celente
Kingston, NY -- The natives are restless. The third shot of the “Second American Revolution” has been fired. History is being made. But just as with the first two shots, the third shot is not being heard.
America is seething. Not since the Civil War has anything like this happened. But the protests are either being intentionally downplayed or ignorantly misinterpreted.
The first shot was fired on April 15, 2009. Over 700 anti-tax rallies and “Tea Parties” erupted nationwide. Rather than acknowledge their significance, the general media either ignored or ridiculed both protests and protestors, playing on “tea bagging” for its sexual innuendo.
Initially President Obama said he was unaware of the tea parties. The White House later warned they could “mutate” into something “unhealthy.”
Shot #2 was fired on the Fourth of July, when throngs of citizens across the nation gathered to again protest “taxation without representation.” And as before, the demonstrations were branded right-wing mischief and dismissed.
The third volley, fired in early August, was aimed point blank at Senators and House members pitching President Obama’s health care reform package to constituents. In fiery town hall meetings, enraged citizens shouted down their elected representatives. It took a strong police presence and/or burly bodyguards to preserve a safe physical space between the politicians and irate townspeople.
The White House and the media have labeled protestors “conservative fringe elements,” or as players in staged events organized by Republican operatives that have been egged on by Fox news and right-wing radio show hosts.
In regard to this latest wave of outbursts, health industry interests opposed to any reform are also being blamed for inciting the public. But organized or spontaneous is not the issue. While most protestors exhibit little grasp of the complex 1000 page health care reform document (that nary a legislator has read either), their emotion is clearly real and un-staged.
Rightly or wrongly, the legislation is regarded as yet another straw on the already overloaded camel’s back. A series of gigantic, unpopular government-imposed (but taxpayer-financed) bailouts, buyouts, rescue and stimulus packages have been stuffed down the gullet of Americans. With no public platform to voice their opposition, options for citizens have been limited to fruitless petitions, e-mails and phone calls to Congress … all fielded by anonymous staff underlings.
Now, with Congress in recess and elected representatives less than a stone’s throw away, the public is exploding. The devil is not in the details of the heath care reform, the devil is the government mandating health care. Regardless of how the plan is pitched or what is being promised, to the public the legislation is yet another instance of big government taking another piece out of their lives and making them pay for it; again telling them what they can or cannot do.
Though in its early stages, the “Second American Revolution” is underway. Yet, what we forecast will become the most profound political trend of the century – the trend that will change the world – is still invisible to the same experts, authorities and pundits who didn’t see the financial crisis coming until the bottom fell out of the economy.
Trend Forecast: Conditions will continue to deteriorate. The global economy is terminally ill. The recession is in a brief remission, not the early stages of recovery. Cheap money, easy credit and unrestrained borrowing brought on an economic crisis that cannot be cured by monetary and fiscal policies that promote more cheap money, easy credit and unrestrained borrowing.
Nevertheless, Washington will continue to intervene, tax and exert control. Protests will escalate and riots will follow.
Fourth Shot of the “Second American Revolution”: While there are many wild cards that could light the fuse, The Trends Research Institute forecasts that if the threat of government-forced Swine Flu vaccinations is realized, it will be the fourth shot. Tens of millions will fight for their right to remain free and unvaccinated.
Publisher’s Note: The power of the Internet and new technologies is inexorably fermenting the “Second American Revolution.” However widespread and emotionally charged, had the tax rallies, tea parties and healthcare reform protests occurred in years past, they might have been covered by the local media, but might not have made national headline news and thus would have died stillborn.
Now, with the ubiquitous camera-equipped cell phone, universal access to YouTube, and millions of twitters and tweets, the uprisings cannot be ignored, contained, managed, spun or edited down. The revolutionary fervor will prove contagious.
Can anything stop it?
Trend Forecast: Before the momentum of the “Second American Revolution” becomes unstoppable, it could be derailed through some false flag event designed to deceive the public, or a genuine event or crisis capable of rallying the entire nation behind the President. In a worst-case scenario, according to Trends Research Institute Director, Gerald Celente, “Given the pattern of governments to parlay egregious failures into mega-failures, the classic trend they follow, when all else fails, is to take their nation to war."
A false flag attempt, a genuine crisis, or a declaration of war, may slow the momentum of the “Second American Revolution,” but nothing will stop it.
The “Second American Revolution” Has Begun By Gerald Celente
Kingston, NY -- The natives are restless. The third shot of the “Second American Revolution” has been fired. History is being made. But just as with the first two shots, the third shot is not being heard.
America is seething. Not since the Civil War has anything like this happened. But the protests are either being intentionally downplayed or ignorantly misinterpreted.
The first shot was fired on April 15, 2009. Over 700 anti-tax rallies and “Tea Parties” erupted nationwide. Rather than acknowledge their significance, the general media either ignored or ridiculed both protests and protestors, playing on “tea bagging” for its sexual innuendo.
Initially President Obama said he was unaware of the tea parties. The White House later warned they could “mutate” into something “unhealthy.”
Shot #2 was fired on the Fourth of July, when throngs of citizens across the nation gathered to again protest “taxation without representation.” And as before, the demonstrations were branded right-wing mischief and dismissed.
The third volley, fired in early August, was aimed point blank at Senators and House members pitching President Obama’s health care reform package to constituents. In fiery town hall meetings, enraged citizens shouted down their elected representatives. It took a strong police presence and/or burly bodyguards to preserve a safe physical space between the politicians and irate townspeople.
The White House and the media have labeled protestors “conservative fringe elements,” or as players in staged events organized by Republican operatives that have been egged on by Fox news and right-wing radio show hosts.
In regard to this latest wave of outbursts, health industry interests opposed to any reform are also being blamed for inciting the public. But organized or spontaneous is not the issue. While most protestors exhibit little grasp of the complex 1000 page health care reform document (that nary a legislator has read either), their emotion is clearly real and un-staged.
Rightly or wrongly, the legislation is regarded as yet another straw on the already overloaded camel’s back. A series of gigantic, unpopular government-imposed (but taxpayer-financed) bailouts, buyouts, rescue and stimulus packages have been stuffed down the gullet of Americans. With no public platform to voice their opposition, options for citizens have been limited to fruitless petitions, e-mails and phone calls to Congress … all fielded by anonymous staff underlings.
Now, with Congress in recess and elected representatives less than a stone’s throw away, the public is exploding. The devil is not in the details of the heath care reform, the devil is the government mandating health care. Regardless of how the plan is pitched or what is being promised, to the public the legislation is yet another instance of big government taking another piece out of their lives and making them pay for it; again telling them what they can or cannot do.
Though in its early stages, the “Second American Revolution” is underway. Yet, what we forecast will become the most profound political trend of the century – the trend that will change the world – is still invisible to the same experts, authorities and pundits who didn’t see the financial crisis coming until the bottom fell out of the economy.
Trend Forecast: Conditions will continue to deteriorate. The global economy is terminally ill. The recession is in a brief remission, not the early stages of recovery. Cheap money, easy credit and unrestrained borrowing brought on an economic crisis that cannot be cured by monetary and fiscal policies that promote more cheap money, easy credit and unrestrained borrowing.
Nevertheless, Washington will continue to intervene, tax and exert control. Protests will escalate and riots will follow.
Fourth Shot of the “Second American Revolution”: While there are many wild cards that could light the fuse, The Trends Research Institute forecasts that if the threat of government-forced Swine Flu vaccinations is realized, it will be the fourth shot. Tens of millions will fight for their right to remain free and unvaccinated.
Publisher’s Note: The power of the Internet and new technologies is inexorably fermenting the “Second American Revolution.” However widespread and emotionally charged, had the tax rallies, tea parties and healthcare reform protests occurred in years past, they might have been covered by the local media, but might not have made national headline news and thus would have died stillborn.
Now, with the ubiquitous camera-equipped cell phone, universal access to YouTube, and millions of twitters and tweets, the uprisings cannot be ignored, contained, managed, spun or edited down. The revolutionary fervor will prove contagious.
Can anything stop it?
Trend Forecast: Before the momentum of the “Second American Revolution” becomes unstoppable, it could be derailed through some false flag event designed to deceive the public, or a genuine event or crisis capable of rallying the entire nation behind the President. In a worst-case scenario, according to Trends Research Institute Director, Gerald Celente, “Given the pattern of governments to parlay egregious failures into mega-failures, the classic trend they follow, when all else fails, is to take their nation to war."
A false flag attempt, a genuine crisis, or a declaration of war, may slow the momentum of the “Second American Revolution,” but nothing will stop it.
Wednesday, August 12, 2009
Monday, August 10, 2009
Economics in one Lesson
This is a fantastic resource for understanding why our economy is in such a condition. This is just one example of his great work, more is availble at this link for Henry Hazlitt.
The contemporary popular narrative, popular on the fawning corporate media(FCM),suggest that capitalism and the free market are to blame for the recession. This argument is sound provided that you agree that the content of the FCM's message is more important than accuracy. If you agree that "truth" is simply a matter of editorial discretion than this narrative is standard content on anyone of the FCM news shows.
For the old fashioned people that selfishly need facts, and data, because they are stubbornly attached to making their own decision, Economics in one Lesson will meet your fact requirements.
You see, the free market could not have caused this current mess for one simple reason; The American economy has not been a free market for well over 50 years. The American economy has been centrally planned, regulated, mis-managed, and manipulated for over 50 years.
Economics in one Lesson, will help you see past the daily subterfuge of the FCM.
The contemporary popular narrative, popular on the fawning corporate media(FCM),suggest that capitalism and the free market are to blame for the recession. This argument is sound provided that you agree that the content of the FCM's message is more important than accuracy. If you agree that "truth" is simply a matter of editorial discretion than this narrative is standard content on anyone of the FCM news shows.
For the old fashioned people that selfishly need facts, and data, because they are stubbornly attached to making their own decision, Economics in one Lesson will meet your fact requirements.
You see, the free market could not have caused this current mess for one simple reason; The American economy has not been a free market for well over 50 years. The American economy has been centrally planned, regulated, mis-managed, and manipulated for over 50 years.
Economics in one Lesson, will help you see past the daily subterfuge of the FCM.
Thursday, August 6, 2009
A True War Hero, Harry Patch - RIP
Harry Patch was buried today. He was Britain’s last combat veteran of World War I. He died on July 25 at age 111. He was also the oldest man in Europe. Patch, who rarely talked about his war experiences, boasted that he hadn’t killed anyone in combat. “War isn’t worth one life,” Patch said, it is “calculated and condoned slaughter of human beings.” In his autobiography The Last Fighting Tommy , Patch wrote that ”politicians who took us to war should have been given the guns and told to settle their differences themselves, instead of organising nothing better than legalised mass murder.” In the last years of his life, Patch warned some young naval recruits that they shouldn’t join.
Harry Patch is a veteran that we can truly call a hero.
(THX to LRC for this Post)
Harry Patch is a veteran that we can truly call a hero.
(THX to LRC for this Post)
Monday, August 3, 2009
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