Posted on 10/25/2009 5:37:20 AM PDT by Flavius
The Worst Is Yet To Come
(Excerpt) Read more at marketoracle.co.uk ...
All hearsay!
I'll take it as truth when ammunition is hard to find and the price of it skyrockets...
It's for the "chidren". ; )
The news just gets better and better.
Have you seen the video of “Animal Farm”? I have the tape and I want to find a DVD now. I started plowing with a draft horse while still in grade school so I thought the horse in that story was an amazing illustration of what can happen to the gullible. We have a border collie who is growing very old now and every time I look at her I think of “Animal Farm”. I think it is one of the greatest books ever written and the video version is really great.
If we ever have another free election it has to be in 2010. I have great fears about it, I don’t think we had a free election in 2008, that is the worst part. I can’t say for certain that the fraud was great enough to make it a stolen election but I am certain the margin was greatly inflated by fraud. I think 2008 was very much a bloodless coup, the nomination of McCain was disastrous and the media did everything possible to elect Obama plus Acorn was totally dedicated to electing Democrats, Acorn is a one hundred percent partisan organization.
The world is full of crackpots. This is not a helpful or informative thread. “Buy gold and buy locally produced products,” which is what this crackpot “says” he is doing, is worthless advice. Does any rational person really believe that Americans should put 80% of their savings in gold? And just how much more should I be willing to pay for a product because it is produced in my city?
Again, this thread is time-consuming nonsense.
you dont have a clue who this guy is do you
“Again, this thread is time-consuming nonsense.”
Yet here you are. ;)
I understand silver is the better bet because it has farther to move. Meanwhile, I bought 13 acres in Kentucky - an entire finger of a plateau about 80’ above the valley below at it’s highest point. Bought it on a handshake just before the election and closed last summer.It has an artesian well and a 2 year old house. I already have beef growing on it. It’s completely self sufficient property if need be.
I AM still in Seattle, but in preparation for the whole thing I got out of my five bedroom house and moved to a one bedroom condo rental across the street (8 month lease) from my corporate office. I effectively reduced expenses by $1000 a month and sold off, and am continuing to sell off, stuff on Craigslist.
If this is all baloney, I’ll be retiring on the property in Kentucky. On the other hand, If this is what I have been predicting since September of 2006, well, we’re ready. One thing’s for sure. This is very much a “frog being boiled alive” sort of thing. If you were able to view our current situation with 2008 eyes, this would seem even worse than most of us see it.
We have entered an age of true fascism in the US and all the Dagney Taggarts are still trying to work within the system. Even Dagney turned, eventually.
Oh, the people will get some jobs back. They'll vote for them in the way of government jobs and other make work.
15% of the country is not going to just slink off and starve. They will do anything they can about it, and Third World income inequality is not going to be acceptable. They will vote to confiscate the wealth of the globalist manipulators on Wall Street if they can.
People who don't believe that engage in self delusion at their own risk.
Although jobs come back, they come back “different”. I contracted (in IT) for just shy of $100 per hour in 2000. it dropped, eventually to $45. I became an employee at a contract site before that happened. :)
Meanwhile, there are still plenty of contract jobs and I still get pinged for them. Those that actually state a rate are ALL below $35 an hour. Some considerably so.
The jobs are there, but...
before the doom and gloom gets out of control, look at the sequence of events that occurs with a normal economic recovery:
Guys like Celeste simply ignore all of the indicators that precede EVERY recovery: stock market up, basic materials prices up, rising industrial production, falling employment losses, corp profits improving, steep yield curve, declining credit spreads, deflation stopped.
Some industries recover faster than others. The normal sequence is high PE multiple tech (AMZN, GOOG, APPL, EBAY), then financials, then retail housing and autos, then low PE tech (IBM, INTC), then paper and chemicals...etc etc (this is explained really well in Jim Cramer’s “Real Money”, and if you don’t believe him you can go back and look at the quarterly reports for these companies yourself and see that the relative timing here is correct).
I still say this economic recovery is unfolding as normal. If you don’t trust government statistics, look at corporate earnings. High PE multiple tech leads the cycle. All of AMZN, GOOG, AAPL, EBAY exceeded expectations. More importantly, they were UP year over year in revenues and profits (except EBAY).
Year-over-year revenue growth would not be possible for any company if the doom laden scenarios of Celeste etc. were real.
One other point, if we get a normal economic recovery, and less inflation than the 1970’s, then gold is going to crash. Anyone with more than 5-10% precious metals is risking huge losses.
Ouch, my eyes... that picture is hideous! LoL
You are one of the smart ones! We have done many of the same things you have done.
As I mentioned last month here:
http://www.grouchyconservativepundits.com/index.php?topic=4164.msg32557#msg32557
...Don’t have time for details, but I see shops ( that’s jobs, folks... ) closing right & left, the billion-dollar condo conversion down the street has moved dirt for about three years, built nothing, and is being sued for nonperformance. A condo tower in the other direction has been chained shut, just the partial shell built, for nearly 2 months.
We have the most business, profit, merit, and success-hostile administration I have ever seen, spending trillions in imaginary money- why the devil would anyone want to open or expand a business?
And contrary to what the useless dupes on the left & in academia believe, only businesses create real jobs. The government only has what it gets from picking other people’s pockets...
How do you have beef growing on your land in KY if you are still in WA?
(I know you didn’t plant it. XD)
Well, Sport...a WW III should pull us out of it. It seems to be becoming our only choice... :(
This guy predicted some things I thought were far fetched but now that time is passing I can see them all happening.
so now we peasants not only will have worse coverage, but we'll be paying for these federales as well....
I give up....
might as well not even work anymore....
the stock market crash and all of that was KNOWN before hand....planned?....it sure helped zero soetero....
all it takes is for a few thousand votes here and there to swing and election...
if we had only kept the traditional Pub states, mccain/PALIN would be prez.....
it takes just a little crookedness here in there to disrupt the entire election....
The original owner is renting back. We each have a steer and he is maintaining both.
Good question though!
That’s a fantastic deal.
Wish we could do that.
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