Russian Professor: Collapse Of America Could Begin In Two Months

http://www.youtube.com/watch?v=dIDP6U-JzSs ^

[JasonC]

It is hopeless idiocy, sorry. Washboard on a streetcorner nonsense, and mere wishing by a determined enemy of the US.

[RobRoy]

No prob. I appreciate your reading it. I think I sound a little like that street corner nonsense from time to time.

When I said, back in September of 2006, that this thing could get as bad or worse than the GD, my emotions said, “That’s crazy talk”. But my logical mind said that I need to separate my emotions from the perspective. I did. It fell out, at a high level, exactly as I thought it would. I also think it has not come close to bottom yet.

And yes, I firmly believe this one will end VERY badly, as the last GD did. The more I watch events unfold, the more I see that happening. We are in the eye of a perfect storm, and it picked up a lot of steam since we entered the eye.

[JasonC]

Um, it already ended up, very badly, and has already recovered by half on the financial side.

The bond market bottomed in December and the stock market bottomed in March. The Fed balance sheet peaked in April. The real economy (GDP) bottomed early in the 3rd quarter. Unemployment will take another 3-6 months to top out, but the corner is already turned, long since.

In 2 weeks we get the next installment of the Fed's Z.1 data, which will tell us what has happened to US household net worth since the March bottom. I expect to see it come in up $3-5 trillion over the end of 1st quarter level.

The government can still try to pile on giant tax increases at the worst possible time, if the Democrats want to make their political suicide total and rapid. That's about all there is left to worry about domestically. Abroad there is Iran and nobody is doing anything. In 2 years we will all wonder why everyone wasn't fgcused on that, instead of hyperventilating about yet another utterly normal economic cycle.

[RobRoy]

I switched to bonds a while back.

Regarding your claim that it is done, as I said to people in 2007, let’s compare notes in Spring of 2008. This time I’ll say Spring of 2010.

I’ll admit it is possible I am wrong. Time will tell.

[Exit148]

Zhe shi Mei Guo. Jiang Yingyu!

[JasonC]

The writer says 2 months, and said it September 1. He's got until November and he is mad as a hatter. You more conservatively have until next spring, and are mad as a March hare.

[RobRoy]

>>You more conservatively have until next spring, and are mad as a March hare.<<

Well, we’ll know by next Spring. Love the pun, btw. :)

I am sincerely curious about your take on Gerald Celente, btw. You see, I do believe you may be right. I think you are wrong, but I am not totally married to my position because I know that no matter how much one knows, this really is crystal ball stuff.

The system survives solely on faith. I see the faith crumbling still, and about to be ramped up. You see it as getting stronger. I think we both agree that if everyone, collectively, suddenly realized on what foundation this system stands, there would be an instant collapse and revolution. But it is always being debated and ignored.

My point is that I do think your support for your position is sound, but I think mine is too. And we are both talking about something that is not as black and white about whether or not a particular airplane engine has enough thrust to get it off the ground. We are talking about something that, because it depends on the response of people both individually, and as a mob. And nobody can predict that, regardless of the fundamentals on their side.

I still find the video interesting where “experts” were laughing, literally, at Schiff back in 2006 - and he was dead right. It is possible that you may be the next Schiff. Or Schiff’s prediction about gold was just a bit premature.

[JasonC]

Nope, it isn't about "faith" and it isn't unknowable or any such mystical bullshiite. The US economy rests on the intelligence, decency and sweat of the American people and it will bury you and your pack of doom crowing witch doctors just as it has buried every previous pack of them. You aren't an interesting equal with another point of view. You are a raving moonbat and a fool.

[BP2]

LOL - this Russian "expert" obviously doesn't know about the Stimulus Package !!!

We have "green shoots" of growth all over, with nothing but bright daze ahead,
thanks to the economic policies of Barack Obama and the Democratic-led Congress:

< /sarc>

[RobRoy]

>>Nope, it isn’t about “faith” and it isn’t unknowable or any such mystical bullshiite<<

With that I strongly disagree. Sorry, I just do.

>>The US economy rests on the intelligence, decency and sweat of the American people and it will bury you and your pack of doom crowing witch doctors just as it has buried every previous pack of them. You aren’t an interesting equal with another point of view. You are a raving moonbat and a fool.<<

Allrighty then. I was giving you too much credit. Looks like I struck a nerve.

See you in March.