2010 & 2011 predictions: Pray hard that these are wrong

Vanity | 5/20/2010 | Neville72

[Neville72]

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

Neithercorps

Have projected that the third and final stage of the economic collapse will begin sometime in 2010. Barring some kind of financial miracle, or the complete dissolution of the Federal Reserve, a snowballing implosion should become visible by the end of this year. The behavior of the Fed, along with that of the IMF seems to suggest that they are preparing for a focused collapse, peaking within weeks or months instead of years, and the most certain fall of the dollar.

Webbots

July and onward things get very strange. Revolution. Dollar dead by November 2010.

LEAP 20/20

2010 Outlook from a group of 25 European Economists with a 90% accuracy rating- We anticipate a sudden intensification of the crisis in the second half of 2010, caused by a double effect of a catching up of events which were temporarily « frozen » in the second half of 2009 and the impossibility of maintaining the palliative remedies of past years. There is a perfect (economic) storm coming within the global financial markets and inevitable pressure on interest rates in the U.S. The injection of zero-cost money into the Western banking system has failed to restart the economy. Despite zero-cost money, the system has stalled. It is slowly rolling over into the next big down wave, which in Elliott Wave terminology will be Super Cycle Wave Three, or in common language, "THE BIG ONE, WHERE WE ALL GO OVER THE FALLS TOGETHER."

Joseph Meyer

Forecasts on the economy. He sees the real estate market continuing to decline, and advised people to invest in precious metals and commodities, as well as keeping cash at home in a safe place in case of bank closures. The stock market, after peaking in March or April (around 10,850), will fall all the way down to somewhere between 2450 and 4125 during the next leg down.

Harry Dent (investor)

A very likely second crash by late 2010. The coming depression (starts around the summer of 2010). Dent sees the stock market–currently benefiting from upward momentum and peppier economic activity–headed for a very brief and pleasant run that could lift the Dow to the 10,700-11,500 range from its current level of about 10.090. But then, he sees the market running into a stone wall, which will be followed by a nasty stock market decline (starting in early March to late April) that could drive down the Dow later this year to 3,000-5,000, with his best guess about 3,800.

Richard Russell (Market Expert)

(from 2/3/10) says the bear market rally is in the process of breaking up and panic is on the way. He sees a full correction of the entire rise from the 2002 low of 7,286 to the bull market high of 14,164.53 set on October 9, 2007. The halfway level of retracement was 10,725. The total retracement was to 6,547.05 on March 9, 2009. He now sees the Dow falling to 7,286 and if that level does not hold, “I see it sinking to its 1980-82 area low of Dow 1,000.” The current action is the worst he has ever seen. (Bob Chapman says for Russell to make such a startling statement is unusual because he never cries wolf and is almost never wrong)

Niño Becerra (Professor of Economics)

Predicted in July 2007 that what was going to happen was that by mid 2010 there is going to be a crisis only comparable to the one in 1929. From October 2009 to May 2010 people will begin to see things are not working out the way the government thought. In May of 2010, the crisis starts with all its force and continues and strengthens throughout 2011. He accurately predicted the current recession and market crash to the month

.

WALL STREET JOURNAL- (2/2010)

"You are witnessing a fundamental breakdown of the American dream, a systemic breakdown of our democracy and our capitalism, a breakdown driven by the blind insatiable greed of Wall Street: Dysfunctional government, insane markets, economy on the brink. Multiply that many times over and see a world in total disarray. Ignore it now, tomorrow will be too late."

Eric deCarbonnel

There is no precedence for the panic and chaos that will occur in 2010. The global food supply/demand picture has NEVER been so out of balance. The 2010 food crisis will rearrange economic, financial, and political order of the world, and those who aren’t prepared will suffer terrible losses…As the dollar loses most of its value, America's savings will be wiped out. The US service economy will disintegrate as consumer spending in real terms (ie: gold or other stable currencies) drops like a rock, bringing unemployment to levels exceeding the great depression. Public health services/programs will be cut back, as individuals will have no savings/credit/income to pay for medical care. Value of most investments will be wiped out. The US debt markets will freeze again, this time permanently. There will be no buyers except at the most drastic of firesale prices, and inflation will wipe away value before credit markets have any chance at recovery. The panic in 2010 will see the majority of derivatives end up worthless. Since global derivatives markets operate on the assumption of the continued stable value of the dollar and short term US debt, using derivatives to bet against the dollar is NOT a good idea. The panic in 2010 will see the majority of derivatives end up worthless. The dollar's collapse will rob US consumers of all purchasing power, and any investment depend on US consumption will lose most of its value.

Alpha-Omega Report (Trends Forecast)

Going into 2010, the trends seemed to lead nowhere or towards oblivion. Geo-politically, the Middle East was and is trending towards some sort of military clash, most likely by mid-year, but perhaps sooner…At the moment, it seems 2010 is shaping up to be a year of absolute chaos. We see trends for war between Israel and her neighbors that will shake every facet of human activity…In the event of war, we see all other societal trends being thoroughly disrupted…Iran will most likely shut off the flow of oil from the Persian Gulf. This will have immense consequences for the world’s economy.

Oil prices will skyrocket into the stratosphere and become so expensive that world’s economies will collapse..There are also trend indicators along economic lines that point to the potential for a total meltdown of the world’s financial system with major crisis points developing with the change of each quarter of the year. 2010 could be a meltdown year for the world’s economy, regardless of what goes on in the Middle East.

Robin Landry (Market Expert)

I believe we are headed to new market highs between 10780-11241 over the next few months. The most likely time frame for the top is the April-May area. Remember the evidence IMHO still says we are in a bear market rally with a major decline to follow once this rally ends.

[Hoffer Rand]

...cutting off direct largess to individuals does NOT mean cutting off aid to the destitute.

The problem comes in with just who gets to define "destitute" and what criteria they use. There are a lot of people who think destitute is no cable, cell phone, or high speed internet. I hear what you're saying, but we need to make sure of what our standards will be. We also need differeniate between those who can't and those who won't, because a number of those who are "destitute" are that way because they won't help themselves, not because they can't.

[BuckeyeTexan]

You'll need this trick on your farm. I've seen it done. It absolutely works!

Metal Divining Rods

• Using the pliers, unbend the clothes hanger and straighten it out. It doesn't have to be perfect. You can cut off the most crooked section near the end and discard it if you want.
• Using the cutters, cut the hanger into 2 parts of equal lengths. Finish straightening out the rods so they are fairly straight.
• Bend each piece into an "L" shape. Try to have at least 3" on the short leg and 10" to 12" on the long leg. You want to end up with about a 90 degree bend, and you want both pieces to be the same.
• Your rods are now made. You need to practice holding them. Grab one in each hand. First hold the short leg loosely with the long leg on top and pointing away from you. Now use your wrist to raise the front of the rods so the rod is level. Find the holding technique that works best for you. I like to place my fingers on opposite sides of the rod and balance it that way. However you do it the rods must be able to swing freely back and forth.
• After you have become successful in holding the rods properly you need to practice using them. A simple way to do this is to throw your keys, a pocket knife or anything metal on the ground and slowly walk over it. Start a few feet from the object holding the rods level pointing away from you about 8" apart. As you pass over the object the rods should swing towards each other until they cross. Practice makes perfect.
• If you have been successful with the practice in the previous step you can now search for underground items which you can't see. You should be able to detect anything metal including telephone and cable lines. You should also be able to detect many non metal items such as water lines, septic field lines, and septic tanks.

[GSWarrior]

So, other than gold (which will likely be confiscated if these predictions come true)where does one invest their 401(k) funds to protect against dollar devaluation?

I would like to know this, too. Would it be best to cash in and pay the penalties?

[houeto]

The Jungle Bucket in my tagline works too. I bought five of them so that my neighbors can help make drinking water instead of just coming to try to take mine.

[meadsjn]

2010 & 2011 predictions: Pray hard that these are wrong

Prayer doesn't hurt.

If you have a toothache, it's OK to pray about it; but the smart thing to do is to pray while you're on your way to the dentist.

If the nation places its security and prosperity into the hands of marxists, communists, muslims (and their sympathizers), and anti-Americans of all stripes, it is OK to pray about it.

But you had better be praying about it while you are on the campaign trails for better political replacements; while you are stocking up on food, fuel, tools, and other supplies for the most certain coming shortages; while you are preparing for the worst economic catastrophe since the fall of Rome; while you are preparing for the worst combinations of international and internal warfare since the Dark Ages.

God helps those who help themselves, as individuals or as nations. Those who persistently choose stupid leadership, and then rely solely on prayer to save themselves and/or their nations, repeatedly disappear into the dustbin of history.

[Ted Grant]

I bet almost none of it will happen.

[Battle Hymn of the Republic]

I pray for God's will to be done.

If these things are in God's will, then so be it.

I certainly don't want to see people suffer, but the bible tells us things like these will most certainly happen...

[yefragetuwrabrumuy]

With an economic catastrophe like we are facing, there may be well over 50% unemployment. As with the Great Depression, willingness and ability to work will become meaningless when there are no jobs.

In the GD, the government tried to provide the jobs, but that was just a bandage. This time, probably the best bet would be for each State to issue their own ‘scrip’ currency, with much of their citizenry doing what amounts to day labor in what are currently legitimate jobs, in exchange for room and board.

It turns the whole concept on its ear. Whatever your job is, keep doing it but being paid only in scrip. The State will temporarily keep you in shelter and give you food, and you can use the scrip to buy whatever else you need from local businesses.

This is economic “treading water” during massive unemployment. It is phased out when mutually supportive businesses start making real money profits again, enough to replace some of the scrip they are paying with dollars. The scrip has primed the pump to get back into a normal economy.

The idea is to keep people in shelter and with food until market forces can get running again. Scrip will protect them from dollar fluctuations and shortages, local businesses will still have their production and distribution channels, and people will still be buying their stuff.

Good management comes in ways like motivating people to maintain their shelter, the State using its concentrated dollars to buy products not made in the State, like pharmaceuticals, and keeping tight control over scrip wages and prices.

[Alas Babylon!]

I think that the reality would be a whole lot less pleasant but that's just me. To each their own.

Interesting. Tell us more! What do you mean?

In my case, I have the land, but it is hard work without gas/deisel. Without a tractor and power tools, I mean.

I had a beautiful patch of savoy cabages; simply awesome, big, leafy, wonderful plants heading up nicely and then the caterpilars came. I now have swiss cheese cabbage filled with dead caterpillars and caterpillar crap! You see, I used BT on the plants some time ago, it took only a day or two for the caterpillars to hatch and take off eating, then a day or two later they all died in mass. What a mess!

If my family was relying on me to put food on the table, it wouldn't be with cabbage.

Anyway, corn is up and looks nice. Happy to see that, what with all the rain we had over the winter. Still, the weather sure has dried up lately (looks nervously at cloudless sky and drying soil....).

[surfer]

You probably thought Obama couldn’t possibly get elected either...right? :)

[Osage Orange]

Good story...

[wbill]

You see my point. :-) BIG difference between raising a couple of tomato plants so that you can have fresh BLTs for a few weeks... and a 2-acre-garden where, if the deer get into the corn, you just don't have those calories available next winter.

Never mind the work involved with taking care of a garden that big, sans power tools. Heck, it's hard work WITH power tools.

But, like I said, lots of people like to sit around and fantasize about What Might Happen If It All Hits The Fan. Me, I prefer my life with modern comforts, thank you very much.

[Ted Grant]

No, I expected he would win, with about 350 electoral votes. I was a lot closer to right than many Freepers. So there you go.

[surfer]

lol I was kidding...

[MrB]

Gold is the wealth preserver,
it’s not meant to be the replacement currency.

Use silver for that.

[MrB]

Let me testify that divining rods work... but only for some people, for some reason.

And, what are you finding?
Metal? Water? Oil?

[Marmolade]

bfl

[BuckeyeTexan]

Metal. In case I lose the map to where I buried my guns, ammo, and gold.

:)

[Toddsterpatriot]

A far more sensible approach would be to do the opposite, by restricting how electronic currency can be used for speculative purposes, to cause a serious deflation of cash. This could be done quickly with a 1 for 10 deflation, that is, a dime can buy what a dollar could buy.

Causing another Great Depression by intentionally causing a 90% deflation is a great idea.

Just look at all the great, conservative programs that came out of the Great Depression. We'd get even better conservative programs this time. LOL!

[Mase]

Whoa. Restricting electronic currency for speculative purposes would pretty much put an end to speculation I have to think. Why is it the people that want to control speculation understand the least about it?

90% deflation in one fell swoop? Dear lord. Save us from the people who would save us from ourselves.