Posted on 05/19/2010 2:10:26 PM PDT by GiovannaNicoletta
Bob Chapman
First 6 months of 2010, Americans will continue to live in the 'unreality' the period between July and October is when the financial fireworks will begin. The Fed will act unilaterally for its own survival irrespective of any political implications (source is from insider at FED meetings). In the last quarter of the year we could even see Martial law, which is more likely for the first 6 months of 2011. The FDIC will collapse in September 2010. Commercial real estate is set to implode in 2010. Wall Street believes there is a 100% chance of crash in bond market, especially municipals sometime during 2010. The dollar will be devalued by the end of 2010.
Gerald Celente
Terrorist attacks and the "Crash of 2010". 40% devaluation at first = the greatest depression, worse than the Great Depression.
Igor Panarin
In the summer of 1998, based on classified data about the state of the U.S. economy and society supplied to him by fellow FAPSI analysts, Panarin forecast the probable disintegration of the USA into six parts in 2010 (at the end of June start of July 2010, as he specified on 10 December 2000
was a response to
Its the reason he was put into the presidency!
I make no sense?
Sorry.
So, what do you foresee? Sunshine and roses? I'm serious, do you think everything will be hunky-dory in the U.S. financial markets in the near future?
Unicorns and Rainbows... that’s all I see.
I will wait for my free Obama money, while I watch the Unicorns and Rainbows and dance in the sun......
I got a good feeling about the Powerball tonight.
Not in the least. However, if I am in a position to make a prediction based on professional or technical experience, I would back up that prediction, instead of simply tossing out spurious Cassandra-like visions of either doom or happiness. The post, and the blog it links to, doesn't try to back up the claims, it only tries to feed panic with panic.
Based on the past six months of sales orders where I work, and at the two competitors that I have connections to, I don't see any significant bloom of recovery headed our way anytime soon. I don't really see any improvement at all for the rest of 2010.
However, the fact we have some long-term large orders from large Fortune 200 companies that are Wall Street players would indicate they are not seeing a total collapse of the economy coming soon, despite the claim of one of the three geniuses in the original article.
But that doesn't make for exciting thread titles.
Thank you for that reply, which I found to be rational and balanced. I especially was interested to know that your company’s sales projections were somewhat optimistic, though not in the short term.
I think, though, that you should cut Mr. Gerald Celente a little slack. He is a well-known prognosticator of economic trends, having called the economic downturn of November 2008 back in either 2006 or 2007 (I forget) and he has a large number of well-heeled clients for his forecasts. Mr. Celente’s published expectations for the U.S. tend to edge close to hyperbole.
..never give up
No problem.
Or maybe it was posted just for discussion purposes with no agenda to panic anyone involved.
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