My personal opinion is that people are confusing politics with what is really going to happen. Here are a few predictions that have been being planned for us since George I was president. Keep in mind that we have two dem admins and two repub admins in this time period.
1. Bank Failures are going to continue to escalate. Within three years we are going to have only 10 to 20 banks in this country. Currently we have over 8,000. These are the banks that are already controlled by the powers that be. Consider where Bernanke, Paulson, and Geithner come from. Home Morgages are already controlled by the federal govt. Fannie, Freddie, and FHA are govt, and own over half the mortgages in the country.
2. Inflation will continue to rise. We are already in double digits if you use the formula as it was in 1980. Within 3 years, inflation will be in double digits even using todays perverted formula. Add to that the 1.5 trillion per year deficit we are running, and the fact social security now has to sell the Treasury securities it has accumulated since it is paying out more than it is taking in. Money is better spent on Items you will need within the next 5 to 10 years than being saved or invested. The dollar is going to get crushed, and we get most of our stuff from overseas. Just check the country of origin on most food you buy.
3. The Stock market will do well for the next 1 to 2 years, and then crash. While the market is doing well, people will be more optimistic, and not see all our rights being eliminated. Keep in mind that the major banks have plenty of cash and they are not loaning it out. It has to be somewhere. And they are borrowing plenty from the federal reserve basically for free. Much of this is being used to buy govt paper funding our debt, and invest in the market.
4. Personal and Small business bankruptcies will continue to escalate. Unemployment will continue to rise. This is a downward spiral that will continue. More and more jobs will continue to leave the country, and more illegal immigration will take some of the jobs still left in the country.
This is part 1 - There will be more to come.
Shermann
AI
