2010 Economic Predictions
 

Here is what some people in the financial industry predict for the rest of 2010.
I tend to lean in their direction I guess.

http://rense.com/general90/predicts.htm

An American should know that earning $1 for yourself has more value than following world politics. If following world politics can help you make a dollar, good luck.

I used to think like that, then I started questioning where my dollars came from and how the economy actually worked. After you do that, you can't help but be political cause its all politics.

Green Shoots!

In Bob Chapman I trust. :thumbsup

I've made some VERY nice returns following his advise in The International Forecaster. In fact, it was a very wealthy guy in Edmonton (who made a shit load of money following Bob over the years) that turned me on to him. That guy is money!

Thats just great, he has the worst one! :Oh crap

it sucks again

Well that was depressing:upsidedow

Those are very scary predictions from 24 dudes who obviously know their shit.

Agreed, what can ya do?

Same bullshit that you can find being said for 80 years now, much more in the last 40, a shit ton in the last 20, and something that you can't avoid someone repeating in the last 10 years. And now in the last 1.5 years, it's been just stupid.

If you really understand how the money/fed system works, you would understand why it will never fail.

Are you saying the economy has never failed under the fed?

I did some searching for Bob Chapman. Turns out he made most of those same predictions for 2009 and now it seems he is revising his predictions back a year.

I'm not saying he is wrong, but maybe he isn't as accurate as a lot of people might think.

That would be correct... the old system did fail which gave birth to the system we have today. What we have under the fed today, has never failed.

I think these people are right, to put a date on it isn't very smart though.

So the great depression was the old system?

Did the great depression happen because of the Fed Reserve? No...

What was created just before and for sure after, is what we have today.

The fed's been around since 1913 how can you say the fed had nothing to do with the depression?

Being setup and having the powers it has today, is two very different things.

Part of the crash was banks didn't have insurance on the money they were loaning out and were loaning out actual peoples money - so they had none. And the stock market crash of course.

So do you think the fed is working with america's best interest in mind at all times?

it is extremely clear you do not have any clue what you are saying. Back up your words with explanation and I'll tell you why you are way off base.

Nope, I don't think anyone is thinking of my best interests, ever... other than myself.

What's clear is you mouthed off with nothing to back your mouth up... and you can see my posts above, no reason to skip over them - i'm very straight forward with my thoughts.

The fed loans money to the government at interest, the only way to pay back the interest is to borrow more money from the fed at interest. How can this not fail?

Where did the money come from to pay that interest back?

It comes from the fed again, at interest. Its a never ending spiral of debt. The fractional reserve system is craziness and is doomed to fail.

Is that supposed to make me change that statement?

No no, it is ending - just not in a bad way. It's a ledger no different than we have as a business. I'm trying to think of a way to explain it..

Let's try this...assume your business gave everyone in your family all the money the ever needed, but you didn't give it to them directly. What you did was gave all the money to your Dad.. Dad owes you $100 lets say for the loan. Dad dished the money out to family members.

The family members never tell 'you' what they did with the money. So you never write off, got a new house, got a new car, etc. or maybe someone bought a rubber factory and started making tires, again none of those raw materials every told to you.

Your Dad doesn't tell you that either, he just says here is your $100 payment now can I have more, which you do.

On your end, as a business... if you knew nobody would ever look at your numbers, you could keep printing money, giving money to Dad, never taking in a receipt and never "clearing your books off."

That's what the Fed Reserve has done.... YOU aren't telling them what YOU purchased with THEIR money, so they don't remove it from the ledger. Banks don't tell them, the war chest doesn't tell them, nobody does - so it's ALWAYS on the books.

And it will always be growing... you're correct, we can't ever "pay it back" because we have nothing to pay back - we need to clear the ledger - then the credits and debits are explained and shit equals out.

Actually Bob Chapman is still right on the money. His time frame DID shift forward because he was betting (as were the bankers and hedge funds) that China would dump the US dollar. It didn't happen, so they moved on to attack the Euro. The USD will under heavy attack soon.

They own government bonds like anyone else can. Like me, for instance.

In the case of the FED, the majority of interest is paid back to the Treasury.

So yes, it should at least make you think about the statement you made.

First off why do we have to borrow money from anyone? Why doesn't the government just print its own money interest free? Its very nice of them to give "a majority" of the money back to the treasury. Dammit who are they? I guess kennedy found out when he printed his own money cutting out the FED.

with just looking only at the url i can guarentee it will all be negative..

I'm all for a crash actually, it doesn't always have to be looked at in a negative way.

Woohoo, it's a bear party!

I'm sure I can find 40 bulls too. The market isn't politics, it's mass hysteria one one direction or the other.

I think the market crashing and the dollar value itself crashing are a little different.

In a way a person could argue that the market has been overinflated for years and has needed to come back to reality for a long time. There was a time when the market as a whole would go up only a few points per year. It took the dow almost 70 years to go from 50 to 1000 points. Then from 1968-1980ish it hovered in the area of 1000. All of a sudden between 1980 and 2006 it rocketed up to 14,000.

During that same time housing costs skyrocketed and the cost of many other things went up, but average wages barely moved. We are currently living during the first time in our countries history where the average wage earner can't afford to buy the average house because the average house is too expensive.

Maybe a huge correction wouldn't be so bad in the long run.

Many of you in here are smart enough to know that a lot of people in that list are known crackpots, cultists and subversives. People in the business of doom and gloom, who make their bread and butter from scaring the shit out of everyone. Not saying things can't get worse, but I wouldn't listen to half of these loons with a straight face.

You really have no clue about our true history do you? The Federal Reserve was on a 20 year charter (trial) period beginning in 1913. Around the time of it's creation the US owed 1 million in gold of debt. Since it is FACT that the shadowy figures behind the creation of the Fed have backed both sides of wars for their own profit we were drawn into World War I. By the end of that war the US owed $25 million in gold of debt. In 1921 the same scheme behind the Federal Reserve Act occured with the Treasury. The Treasury was handed over to private interests. The Fed opened up the flood gates much like the did in the 2000's in the 20's and pulled the plug in 1929 just like they did in the last crash. In 1933 (end of the 20 year trial) the US was declared bankrupt owing 100 million in gold and has been in bankruptcy receivership since. The Federal Reserve's charter was renewed as they became the new owners with the money they printed off..

Mentally stable people think as you do...but unfortunately there are a lot of people like Mayabong.

It might not be bad when you live in your parents basement but watch out, they could lose their jobs too. Then what would you do? Rense never posts anything positive...ever.

'we're doomed' - C3P0
'beep chirp' - R2

:helpme

There are books out there that will answer your questions if you care to read them in addition to whatever conspiracy material you are reading. :2 cents:

C'mon mayabong!!! Tell us how it's all the fault of the evil Jews!!!



Pretty please???


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:1orglaugh:1orglaugh:1orglaugh

Your lesson is close enough to be correct, not perfect but it does prove my point for the people that can't read. As I stated, under our current system of the Fed Reserve we has never had a crash, and it is now why the system can't crash. Either way, the fed reserve is not why we had a depression but it is one of the reasons why were able to get out of it.

So basically we should invest in heavy duty firearms and remote property and attempt to be self sufficient.


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Even Big Ben disagrees with you.

:1orglaugh when you have guys like this describing the insanity of the economic crisis it's at least slightly less depressing.

If you are talking Bernake, I think you are correct.

I think the main difference between now and then is that the Fed / Govt have more tools at their disposal than they did in the 30's.

Even so, using the Keynesian playbook that has been in play for a whiles now, it is not clear that they will be able to re-inflate.

There are many economists who argue that more fiscal and monetary stimulus is needed still, as well as more flexibility being put in the hands of the Fed / Govt.

In any event, I'm not so sure it will work, but I can't understand the mindset of those who say "let" it all crash. Perhaps a decade or so ago it would have been easier, but no politician is going to commit suicide by helping the excesses get wrung out that way.

I just don't think the people who say let it all crash now really understand what the world would look like. We may find out anyway, unfortunately. :(