Financial system imploding

Wealthy investors shake with terror as the stock market tumbles to a twelve year low. It was barely able to hold above 7,000. The twin pillars of support of the US banking system, Bank of America fell under $3, while Citigroup broke below $2, turning them into penny stocks.

Bank nationalization was once seen as heresy, but now even the giggling debunkers that laughed at me are beginning to see that the banks are in ruins. It is time to do a debunker flipflop and say - "That was obvious, you didn't tell me anything I didn't already know!"

I still remember in 2005 predicting that the CAR-tastrophe known as GM was going to go under and facing ridicule. I said back then. If the banks go under and cannot make loans then how are people going to buy cars?

World's cheapest car

This tiny automobile is even smaller than the smart car. The tata nano is more budget any other. It sells for $2,500 and it is going to make owning a car much more affordable.

Great news for the poor. Let's face it, it was another bleak week on Wall Street, but the market was able to hold above 7,000. There is cautious optimism that low cost goods such as $200 netbooks instead of $2,000 notebook, and minicars like the tata nano for $2500 instead of a monster SUV for $25,000 could stimulate sales.

Depression 2.0

Here is a person who is predicting what I was saying in 2005. Sadly, more banks could fail as we move deeper into depression. A nation without a stable financial market is not going to attract foreign investment. By remote viewing dow we see that things look bad in the future.

Thain is insane?

Merrill Lynch CEO Thain must answer questions about about executive compensation. He is a man who spent thousands on a new commode for his office. He handed out fat bonuses to execs while his company lost billions. The time to explain where all the money went is now.

People are growing angry with what they are seeing and this could lead to social unrest as our economy spirals ever downward. All that is left of the american dream is a shriveled up old husk. It is like the morning fog that burns off when the sun rises.

Radio Shack in trouble

Well, as many of you know, Steven Gibbs gets most of his components from Radio Shack, therefore if the store were to go under, he might stop building HDR units. Radio Shack is in trouble as the economy gets worse there is less spending on gadgets and gizmos. People focus on food & fuel - on things they need to survive.

In a prior conversation with Steven Gibbs I told him than on an alternate time line I saw that the Radio Shack stores were closed and that he stopped building the HDR. This made me sad, but I guess it could happen of the stores continue to do poorly.

Bloodbath on Wall Street

The market got crushed today. It managed to stay above 7,000, but we are down to 1997 levels. People need to wake up because our american standard of living is unsustainable, we produce nothing and bring all our goods from the far east. Walmart shoppers, everything says MADE IN CHINA.

How long can we survive when we send all our money overseas? The only thing keeping the Titanic afloat is that China buys up our T-Bills...

Take a look at the 60 day gold chart. Gold is near $1000 and you know that as people panic they will go for the gold. Things are so bad that people are losing their faith in Obama. OK, that is the problem, he does not have a magic wand to fix our financial catastrophe and now more than ever we must face reality.

US running out of money?

Hillary is in China begging them to buy our T-bills. We need that money to help pay for our stimulus package. I have a great idea. Why don't we leave Iraq and for that matter the Middle East.

That would save us a big heap of green. However if we continue to try to print our way out of this mess look to weimar germany as an example of what can happen. The Chinese are smart to worry. My suggestion is to invest in silver and gold.

Tax the Rich

Obama wants to cut federal budget. His plan is to pull troop out of Iraq and tax people who make over $250,000. Well, I know a person who makes over $250,000 she is a doctor who has to pay for a student loan. It is hard to pay for a house, car, and loan with current taxes.

People think a quarter of a mil is a lot of money. In Little Rock it is, but in Downtown Manhattan it is not. There are places in California where a person that makes a quarter of a mil cannot afford a house. Are we sure that we should raise taxes in a severe recession that is rapidly turning into a deep depression?

new american T partay

It is not a T-shirt, but they should make one. People are fed up with paying for more and more fluff. The bank bailout helped pay for a very expensive commode for one Merill Lynch exec...

How much more can we take?

What a week

There is CARnage on Wall Street, GM is thinking of possible Bankruptcy. My prediction that is would go under is coming true. There is good news for the gold bugs though as the yellow metal pop over $1000 for a brief bit.

Another DOWn day for the dow, retail industry must face the music and it is sounding a lot like a funeral dirge. JC Penny is dow-ing horrible, it lost money in its last quarter and is hoping things turn around this year so it can break even. Actually, things will get worse.

Today we saw multi year lows in Wall Street the dow was DOWn again. As predicted by me, the bank bailout was a failure, the stimulus was a failure, and investors have lost confidence in Obama. This means that we will soon see things begin to spiral out of control like an airplane in a tail spin.

Actually, so many people are dumping the dow and buying bullion that there is a fear that confiscation of gold bullion to happen again like it did in the 1930's. Many are moving gold offshore.

Ghost Malls

I predicted that many malls would soon look like ghost towns. There is one mall that I know that has only one store opened. The ghost malls are a problem that we will soon face, and as I have said before, mass retail closings are soon to take place.

Get ready for even more hardship as many people lose their jobs due to a massive downsizing in the retail sector. The mall is about to get mauled by the twin forces of high rents and internet retailers who have much lower overhead.

End of Wall Street?

Wall Street Journal has a new series called - End of Wall Street.

It discusses the housing bubble and how we got into the mess we are in. What they do not discuss is how to get out of this mess. In fact, this was predicted by me in 2005. Perhaps in an alternate time line we did not make the big mistake. However, we would not have as much risk. Bankers tend to be conservative, but we turned Wall Street into a game. Well, now it is GAME OVER!

What is coming

John Titor said that clothes in the future was more functional than now. People are in panic mode right now. They are trying to survive. What I see in the future is we go from crisis to catastrophe.

The reason McDonalds is doing good is the 99 cent McChicken, the Dollar Store is full, but the luxury items are doing terrible. Cheap wins...

Midas Touch

Major investors are piling into gold. Yes, I predict that gold will go to $2000/oz. Get ready for a big run up in the future price of gold. I am bullish about bullion. The future looks truly golden for the yellow metal. It is time to go for the gold.

No bottom yet

The housing industry has not hit bottom yet. In fact the record low number of new houses 550,000 in December fell to 525,000 in January. This cannot be good. Prices are still sinking as more and more people lose their jobs and their homes. The number of foreclosures is already high and increasing. Banks are having trouble selling these foreclosures because they are not wanting to loan money.

I predict that as things get worse, people will begin to face social unrest as a new problem. Already there is talk of declaring a bank holiday.

Going for the gold

Tomorrow I plan to buy some more gold. It has been moving up of late and could continue. The future price of gold will be much higher than now. Sadly, those that invested in the stock market will be signing a different tune. It was yet another DOWn day for the dow. It could not break above 8,000.

As more people wake up to our current financial tsunami our economic crisis will get worse. I predict that gold will soar to $2000.00/oz and keep going. This is a good time to hold gold.

Another down day for the dow

I tell people to go for the gold. Today the price is around $950/oz. As for the dow the trend is DOWn. Future gold prices will be a lot higher than now. Expect our economic crisis to cause people to panic.

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Muzak bankrupt

That horrible elevator music. Muzak is bankrupt. Sad, but true. This could not be a joke. Guess the horrible music will stop.

DOWn Jones

Today the dow fell nearly 400 points, remember the number 7888.88 as a dark day in history. The stock market gave its opinion on the stimulus package which pass today. Sadly, it is too little too late. It reminds me of the Germans using V2 rockets, a last ditch attempt to in a war that was already lost.

Those of you remote viewing future price of dow need to know that we are moving into a period of peril that will end with a complete collapse. Please use caution. Many weak companies will fail in the coming months.

US is insolvent?

I believe that we could soon pass the point of no return. Technically, the american empire could soon be insolvent. Of course the debunkers will giggle, like they did in 2005 when I predicted that real estate would fall like a house of cards. They said that things would turn around in 2007, well here we are in 2009 and prices are still falling.

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Brace Yourselves

Peggy noonan says we need to brace ourselves for the crash. I agree...

However, many do not understand how bad the crash will be. They live in denial. The have not done some remote viewing of what is up ahead in the distance. This car is going a little too fast and the brakes are bad, yes brace for impact, we are going to crash.

Internet TV

Internet TV is the future. People are using high speed broadband to stream HD movies. The bad old days of having to drive to the video store is like an old nightmare. Often to find that your favorite movie is gone.

With digital downloads and internet TV you can keep the movie and view it when you want. I see a bright future for digital movies. Just like DVD replaced the clunky old VHS tape, we now can save time by doing a download. Needless to save, amazon is pushing streaming video content and youtube is pushing user generated content. The future is here.

Cash for clunkers?

A very green part of the economic stimulus package is gone. The cash for clunkers provision was pulled from the stimulus package. This is bad news as we could use more jobs now. GM sales that sales are a a 26 year low. This bill would have replaced old gas hogs with new energy efficient cars.

Bank of america in trouble

The biggest bank in america - bank of america had it stock hit a 25 year low, but that's not all. Other financial institutions are in trouble because house prices continue to fall, in fact, the prez sez that without action our current crisis could turn into a catastrophe.

Digital TV transition delayed

The move from an analog signal to a digital one has been delayed until June. This is because we see a growing group of rural and minority customers complaining they cannot afford converter boxes. Most people are ready, but a few poor people are not.

TARP TWO

Tarp two will ail & fail. Back in 2007 I did warm people that banks were gonna fail. The result was ridicule. I said your laughter will turn into tears. Well, here we are. Global commerce at a standstill, even talk of the gov going down, and things are just getting started.

Back in 2001, I talked about how apple would come out with the iphone in 2007 and that it would be a hit. A debunkers said "Apple is a computer company, not a phone company, stoooopid! If Apple dares come out with an iphone, then Motorola will make applesauce out of them."

Well, last year Motorola's profits were RAZR thin, and today they announce that they will dismiss the dividend due to a record loss. It sounds like he needs to do a debunker flipflop.

David Icke

David talks about what is happening now. Why are we being programmed to believe certain things. Reality is not what is on TV. It is what is happening. What is real, and what is REEL?