Those who say that the economic crisis is over - are wrong. Hyperinflation is a worry going forward. In this environment, we have a strong possibility of complete collapse.
Analyst says that oil could go to $200/b. This would crush our economy. Gold will continue to rise. Sales are still falling, and unemployment is rising.
OK say goodbye to those high dollar high tech jobs. OUTsourcing is sending good jobs out of the US and in its place we have more fast food minimum wage service jobs. Instead of getting $50/hr to build cars, you get minimum wage to build burgers.
Actually, our economic crisis means more jobs shipped offshore and less product made in america. The result is a soaring trade deficit and a drop in the dollar. Also, people do not make enough money to afford cars, houses, and other big ticket items. That said, we see a big drop in the number of houses sold, cars bought, and high end electronics.
Therefore jobs of the future are in the tourism industry as our country will need more people to clean hotel floors and serve meals. These jobs will pay very little and do not require college.
Yesterday, I went and saw the time travel movie "Land of the Lost" which was quite funny and silly. The main character is a scientist that has developed a time machine that can take you back to the time of dinosaurs. This scientist reminds me of inventor Steven Gibbs.
Illinois has their 5th swine flu death. The flu did not go away, and ignoring it will not help you. People need to know that mexican swine flu is now causing very serious complications and potentially deadly bacterial infections.
I look forward to a day in the future, we no one gets sick and hospitals are empty. A day when we see disease as a distant memory.
OK so one debunker says - severe recession is over, we are in economic recovery now. Hey, my reply is - remember GM appears to do well in 2006, but by 2008 only the fools still believe it will survive? Well, even dumber are the debunkers who waited until GM declares bankruptcy to then do a debunker flipflop and claim they always knew it would go under.
Toyota which makes the high quality energy efficient prius says that in May 2009 they sold 152,583 cars versus 257,406 a year ago back in may 2008. Things in 2008 were so bad that GM had gigantic losses, well they are even worse now. It is estimated that by the end of 2009 US gov will have spent 80 billion trying to bail out GM. If we were in an economic recovery you would expect sales of 300,000 cars instead of 150,000 cars.
Another down day for the dow, after bad news came in. It appear the recovery is derailed. The Down Jones Industrial Average no longer contains GM which went bankrupt. Cisco is replacing it. AAA says that energy prices are going up. Gasoline which was $2/gallon last month is now over $2.50/gallon. I predict that we will see oil go up for two reasons. First we hit peak oil in 2005, second a decline in the value of the dollar.
Maybe GM would have not gone under if they had come out with a flying car. This staple of science fiction is available as the Terrafugia flying car. It is real, and it is here. In fact, you could say the future is up in the air.
GM bankruptcy is end of an era. At one time in 1979 they had 511,000 employees, now they have 54,000. Last month sales of new cars were down 45% compared to last year which was horrible; only Chrysler did worse with sales down 52%, sales of the ill fated iconic Hummer were down 67%.
It truly is a sad day for america as its largest manufacturer closes its doors. The giant automaker made possible for many in labour to enjoy a comfortable life. However, now instead of america workers making 50 dollars an hour, we shall see chinese workers making 50 cents an hour. Times are a changing.
I am sure that back in the 60's when a mainframe computer cost a company millions of dollars in 60's money and filled a giant room with big flashing boxes. The boxes full of vacuum tubes which has to be air conditioned lest they would over heat, no scientist could have seen our world. It is true that they did imagine men on mars and flying cars, but few could have seen that their serious computer would be made use of to play games.
And not just any games, almost all based on destroying things - war games. A sad sight to see over grown men playing with their expensive toys. Practicing how to destroy.
Think about it, all that technology in use to have some over stuffed corn fed american constantly smashing the console controls with his fat fingers pushing the fire button. It is as if the world has been replaced by foolish people who do not value what they have.
Well, things are going to change. In a future not far away people will realize that war is not the way. The video game will join the roman circus in the halls of barbarity.
Fallout shelters were popular in the 50's, but now we see that they could come back. People worry that North Korea could supply unconventional technology to enemies of our US. The problem is that many shelters are cold damp and dark places that are not very fun.
Despite massive amounts of financial aid it proves impossible for our gov saving GM. The car-tastrophe known as General Motors having been losing money for a while now. This cannot come as a surprise to anyone except the most hardened debunkers who spent thier time laughing at me when I did warn them in 2005 of the coming financial collapse and economic crisis.
Live in the real world. This will hit the US economy like a freight train that is coming off the rails. The damage to our financial system is grave. Having one of the largest employers go bankrupt will take out many small part suppliers, automobile dealerships, and even related industries.
Things are so bad that even analysts are now saying Government Motoring, I mean General Motors will go bankrupt. Failure of the once giant automaker will have a ripple effect causing jobs to be lost at parts manufacturers, automobile dealerships, steel mills, coal mines, and across the board due to higher unemployment.
Sadly, many do not realize the importance of a healthy industrial infrastructure. They fail to understand how many industries are tied to GM. Sales of cars were down, but it was still possible for the government to keep GM alive on grounds of national security. That might have save us.
However, we instead chose to give billions to the banksters who produce nothing of value. History will recall our mistakes.
The move to cheap new power sipping servers is a sign of an economic crisis. Just like we saw the $2,000 laptop replaced by a $200 netbook, I see small servers that are less hungry for power. There low cost energy efficient servers are what will power our new internet of the future
Back when the telephone first came on, there were only a few people getting it. Most felt it was not needed. They would send a letter via snail mail. Few could imagine a world filled with cellular telephones. The black box home phone is now so yesterday, yet at one time it was cutting edge.
As we see the future is usually quite different than we can see, unless we remote view the future. Blackouts are predicted by Steven Gibbs.
Not sure how this will happen, but our technology depends on electricity. Perhaps North Korea will use a nuke to create a massive EMP. The electromagnetic pulse would fry all our electronics.
In the future I have seen a dark sity scenario much like was seen by Steven Gibbs. This is where there is a power blackout and the city is dark. People can wonder how it happens, but my fear is that it will take place sooner than we think.
Their appetite for US assets can crash soon. This can affect stocks. Expect the dollar to decline in value. Already, all eyes are on the dollar, and it is at a yearly low against the euro.
How can this be? Well, arabs want to switch to euro as the global currency. The see US as the enemy. However, both russia and china want america to lose its position as world power. Perhaps this will lead to a new currency the amero to replace the dollar.
Unemployment is today at 9%, the government says it will soon hit 10½% and may stabilize at 11 or 12. The cost of oil is going up, and the price at the pump will soon follow. Today was another DOWn day for the Down Jones Industrial Average. However gold shot up over $960/oz.
Things do not look good. Expect more banks to fail despite massive bailouts. Plan on getting ready for a category five financial hurricane to hit.
It is not just Chrysler that is in trouble. Sadly, economic woes on nascar and Indianapolis 500 have hit motor sports hard. Today, gasoline shot up to $2.75/gallon. It will not be long until gas is over $3/gal. That is double the price in January when it sold for $1.49/gal.
Things are running slow in the Speedway, and the checkered flag is not as happy. I believe that the false rally in the stock market created some euphoria, but in the real world, people are without jobs or ways to find new ones. The drop in the price of oil did fuel some speculation about an economic recover, but that hope is rapidly evaporating.
Not sure which automakers and part suppliers will make it to the finish line, but my guess is that cheap chinese parts will be the way of the future. All the govs plans to get things on track are now in trouble as the engine of america - GM cries out for help.
Today, iran fired a long range missle (over 2000 km) that can hit israel and europe. I expect the current rise in gas price may cause grief as people see inflation kick in. Long term petroleum prices will increase, this cannot be good news for the stock market.
Future price of oil will go up. The smart money sees turmoil in the Middle East and so do I. This will hit you right in the wallet as gas prices increase.
The geneva convention is clear that torture is wrong. The world we work in has been transformed. Debunkers first said they we did not torture anyone, that I was crazy. Then the story changed to it is not torture it is harsh interrogation. Finally, now they admit it did occur, but say it is necessary.
Folks, there is a point where you stop being good and turn to evil if you justify doing bad. The CIA Torture Program is real, and the debunkers are liars.
Schools are closing as over 100,000 new cases of mexican swine flu hit US. This is not my drill, this is reality. As expected the disease epidemic that started in mexico and move to america is now a global pandemic.
Please do not panic, this flu is killing less than 1% of the people who get it. However, those who do get it are very sick. Doctors report emergency rooms full of people. They say most of these patients are reporting flu symptoms. Respiratory therapists say that pre-existing conditions make victims of H1N1 virus more susceptible to complications from the mexican swine flu.
Please remember to wash your hands, avoid crowded areas, and eat a healthy diet to make yourself strong. Junk food makes you weak and germs from crowded places can cling to your clothes or other objects. Future of medicine is prevention of germs, not a cure.
Dealers are dumping Chrysler cars. OK, now debunkers claim that "everything is fine." Truth be told Chrysler car dealers are saying "everything must go!" And this at fire sale prices. Folks this is reality. Those debunkers that told you we were in an new economic recovery were wrong.
What is the future of work? Ok jobs are being now DOWNsize and OUTsource to low cost venues. The days of high wage labor are over. Most jobs will be replaced by robots or by low cost labor from poor countries.
GM will get rid of Pontiac, Saab, Hummer and Saturn. These will join Oldsmobile and Plymouth in the ash heap of history. As for the the debunkers, they will continue to giggle and say - everything is fine.
General Motors Corporation will slash 1,200 dealers in its struggle to survive What we are witnessing is the last gasp of a dying dinosaur. When the GM bankruptcy does take place, many people will be thrown out onto the street.
Last year foreclosures were horrible, but this year foreclosure numbers are 32% higher than last year. In about a year over 20 million houses will be underwater. This means that the home owner owes more than the house is worth. The problem with debt is it works against you in a severe recession. Does that sound like economic recovery to you?
Sony lost a billion dollars because people are cutting back on expenses. It will start to close plants because the recovery is seen as a mirage.
Retail sales drop raise worries on economic recovery. Folks you have been sold down the river by some smooth talking banksters, the recovery is a mirage. To put it bluntly, I was right and the debunkers were wrong. Take a low at the dow dropping near 200 points today.
You cannot have a sustainable up trend in the market when earnings are down. People are being let go, and states are saying that sales tax and income tax shortfalls mean that they too must cut people. It is getting ugly out there.
It was another down day for the dow on Wall Street. DJIA component GM shares fell to a 76 year low as execs dump stock. Get ready for falling stock prices as the false rally hits home. This is similar to the false rally of 1931. Do not get fooled into buying at an unwise price.
Do not believe the hype, our economic crisis is still here and median home prices fell nationwide this year. States complaining that sales tax revenue is down and income tax is falling. Sales are still falling, but unemployment is going up.
OK even as housing prices are still dropping, another cloud is on the horizon for banks. Credit card losses tied to unemployment are causing banks to grieve. I predict that US unemployment rate will go up over 10%. This means more foreclosures on houses, more repos on cars, and more defaults in credit. Sadly, our severe recession is getting worse.
Before the collapse of the soviet union there was talk of a new initiative to go to the moon. Well, with a new russian rocket it might be possible. This rocket could land in an open field and does not have to land on water.
Sadly, our american NASA is being scaled back. There is no money to go to the moon. All the money is being used to bail out the banksters.
In a move that will be long remembered for its foolishness, many claim the severe recession is over. I predicted that in the future I saw green pools and overgrown lawns. The so called "economic recovery" is not real. Things are getting worse. Banks cannot sell houses they foreclosed on. Future homes sales will be even worse.
Those who claim that all is fine do not understand that the unemployment rate is at record 9%, a 25-year high and climbing. At this rate more banks will fail and I predict it shall go over 10%.
OK, skeptics say that our severe recession is over so we see an economic recovery. Well, I do not see an economic recovery in the near future, I see total financial collapse.
US retail industry is in record unemployment. Please remember that it is retail that created most of the jobs in the last ten years. The ghost malls are just around the corner - not prosperity.
Obama will cut payments to farmers. This is important because agricultural products are one of the few things US exports. It is not computer chips made in the Silicon Valley that keep US afloat it is corn chips from Obama's home state of Illinois.
US is world's breadbasket, but if farmers go under it could be the end of the US. Those little green pieces of paper we are printing are backed up with a promise of food. Much of the world depends on US for food, as we are the Saudi Arabia of corn.
Future funny money will face inflation when people find that food prices are going up. It is these agricultural subsidies that keep alive the family farm, but as they disappear so will food off the grocery store shelves.
Let's take a break from bad news. The Terrafugia flying car is a roadable airplane and it is real. The vehicle can fly as well as go down the highway. No longer science fiction, it cost $200,000 and what can I say. The future is here.
Climate change causes water shortage in Colorado River by 2050. I predict that global warming will make the US more desert like as we move into a hotter and dryer epoch. Millions of acres of crop land and over 50 million residents depend on water taken from the large Colorado River basin, but it is going dry.
Lack of water will force people to move out of deserts regions. I believe John Titor spoke of scarcity of water being a big problem in 2036. Desertification will continue as our warm wet world turns into a dry dystopian desert.
In Japan during the lost decade after their real estate bubble, the 100 yen stores did well. OK so our dollar stores are doing well. During the Great Depression, dime stores where items sold for a dime did well. There is a pattern here.
Both Dollar General and Dollar Tree are opening new stores. This happens while malls are closing and we enter the "ghost mall" era. Time be a changing, and not for the better.
In other news Warren Buffet says inflation is on the horizon. This cannot be good news to seniors living on fixed incomes. I predict that gold will go up, and the dollar will go down.
GM will soon follow Chrysler into bankruptcy. Sadly, even the most bullish analysts see an uncertain future for General Motors. This company has already lost {Saturn, Hummer, Buick, Pontiac, Saab, and Opel} This means more workers will lose jobs are the american automobile industry implodes.
Today President Obama said "we simply cannot keep this company or any company afloat on an endless supply of tax dollars." How true. I predicted that this would take place back in 2005. Well, you are now seeing GM go under. Expect unemployment to skyrocket as he nation's industrial base falls apart.
OK as mexican swine flu numbers grow at an exponential rate, we are seeing more on 430 schools closed in a desperate attempt to slow down the epidemic. Approx a quarter million students were sent home. The potential for a pandemic is growing and our fragile financial future could be shattered.
Today, one day after Chrysler declared bankruptcy we hear that US car sales have plunged to lowest level in 30 years. However according to debunkers everything is fine in 2009. Welcome to reality, we are going down. WAKE UP!
It is official, Chrysler is bankrupt. This day was long in coming, but most of us knew it would hit the wobbly financial system like a sledge hammer. Expect our economic crisis as in severe recession to get worse. Chrysler is seeking chapter 11 reorganization to avoid paying creditors.
Good news for Chrysler, VP Biden says americans should avoid mass transit to prevent flu.
I tell you that more companies will go bankrupt, even cities, states, and national government is going bankrupt. Sales tax is way down, income tax is down. Hidden user fees are making you poor.
Sadly, mexican swine flu continues to grow in strength, so far no fatalities in US. Today, soccer matches were banned to prevent spread of infection. I predict that this will affect peoples ability to go to work. Well now mexican Officials are speaking of shutting down the subway systems as well as all the bus lines.
A new deadly mexican swine flu has already taken over 100 people in mexico and crushed markets worldwide. I predict that an epidemic will hit hard {airlines, hotels, malls, restaurants, casinos, schools, and movie cinemas}. People should study up on the spanish flu of 1919 to see how it affected our society.
GM is selling Saab, Saturn, and Hummer. Pontaic could be next. The big three are in trouble and jobs lost will be painful, but not apocalyptic. Treasury lends GM two billion more in a desperate attempt to keep them afloat.
Barclay's bank expects deep recession in England. Things are bad all over. The pound sterling is getting pounded with the news.
GM will close most US factories for nine week this summer. This means they are almost out of money. The summer shutdown is but one sign of that GM is near the end of the road.
They use to dominate, big biz that is. Well, now we live in a different world. Big brand suck because they try to live off their past glory. In fact, we see the gove bailing out big banks that cannot make money and GM that cannot make good cars.
Boeing announces cut in production of plane due to a significantly worse outlook for 2010. This is reality folks, things are not getting better, no, they are getting worse.
The bank stress test will tell us how bad things are - right? Actually, I have a bad feeling like we could have a bank holiday soon. If things are getting worse many banks that are healthy now will not make it.
Sadly, I feel that things will get worse as the gov runs out of money to prop up failing banks. This could lead to a catastrophic collapse in our economy.
Banking crisis will get a lot worse and a bank holiday could be declared in the next few months. Controls of money flows will come. Future crime will be much higher than now. Nations will have less money to combat criminals than now.
Good catch on the part of George Ure of the Time Monks to report what is coming. Layers of trouble have led to a cascade of catastrophes and deluge of disasters. Much of what is happening could be stopped and a simple way to end economic crisis would be to reindustrialize america. Folks, we need to start making things.
There are many people who wonder about how to survive our current economic crisis. Produce food, produce fuel, produce things people need, etc. The consumer economy is going down.
GM is on its last legs. They are getting close to the end. This was a major HDRKID prediction. This is important because General Motors is the heart of america. Sadly, when the heart stops, the patient dies; even with massive infusions of cash, GM was not able to revive.
GM is speeding up its bankruptcy process. The sad faces in Detroit realize that there will be higher unemployment as automobile part manufacturers and car dealers go under.
Sadly, many people using remote viewing have seen GM going bankrupt in the future. They made some really trashy cars. It was almost like predicting a lush having an automobile accident. General Motors could not produce good high quality vehicles.
A scientist predicted the earthquake in Italy. He was accuse of spreading false rumors in court. OK so the quake happens and hundreds die.
Sadness over the over 200 dead in the Abruzzo earthquake that hit L'Aquila, Italy is overpowering, but the greatest sadness is that this could have been avoided. There were warnings of the coming catastrophe.
The effect of debunkers is to claim that everything is fine. However, this can cause trouble for those foolish enough to heed them - as always we must remain alert.
While you were sleeping, petroleum prices are going up. Also, gasoline is heading in the same direction. Expect to pay at the pump a lot more soon. We hit peak oil in 2005. This means that gas should be a lot more expensive than it is now. The only thing holding it down it a terrible recession that is slowly turning into a depression.
Today, North Korea fired a rocket into space. This could be seen as an act of war. The Democratic People's Republic of North Korea has nukes and now a missle to deliver them to their TARGET.
This new long range missle could hit the coast of Alaska and may be upgraded to strike at the very heart of america. It is now, that we no longer have only russia to worry about, but an evil dictator who could see this technology to enemies of america.
This is truly a sad time we live in. Perhaps in an alternate time line we chose the way of peace instead of constant war.
There are many alternate time lines. These are lines where things are quite different after a point of divergence. At a certain time there is a bifurcation causing the line to split into two.
Alternate Timelime - ATL where Germany wins WWII can seem impossible, but imagine more uboats and Britain falls. The US is attacked by the combined forces of russian, germany, and japan. The history books would claim that it was obvious that america could not survive against the combined military mights of russia, germany, and japan.
In fact, few ATL or alternate historians would see how capitalism could survive against a far superior system of national socialism. The system we have with strikes and bank failures would seem inefficient and flawed.
The real unemployment rate is 15.6%, yes I know the official gov rate is 8.5, but that does not include people that stop looking for work.
The good news is the DOW punch over 8000 today for the first time in two month, but this is a moon bounce, a sucker rally that will not last. Do you think the jobless joes will buy a lot? Or that workers on a reduced schedule will spend like they did in the good old days of 1999?
Folks, our situation is very grim, and we have to face facts; we produce nothing and consume a lot. China is tired of little green pieces of paper - game over!
Celente in 2008 talks about financial armageddon. He was able to predict accurately the demise of our america. OK, as more malls collapse we have massive unemployment and empty ghost malls.
Future stock picks would be companies that produce needed goods. The money is gone.
President Obama says GM bankruptcy is likely. It seems that even the foolish deer can tell that the forest is on fire. I made a prediction in 2005 that GM would go under. This is a keystone prediction because many other predictions depend on this one. With no GM, you have a complete collapse. When the engine of america dies......
It appears that we are reaching the end of the road for GM. It will be a rough road ahead for other automakers. Today was the last day for CEO Rick Wagoner. His company is in such bad shape that it may no longer be possible to save General Motors. Sadly, the market reacted by dropping over 250 points, so our dow is now about 50% of where it was last year.
Red China has a Chinese cyber spy network that is hacking into the computers of over 103 countries. This is very odd behavior. I find that this could be related to North Korea launching a long range missile. However, some say it is related to Tibet. Information warfare will become more important in the future.
Well, what happens in a economic depression is that you lose your job, then having no money you lose your house, car, etc. There have been some economic recessions in america, but what happens during a recession, is nothing compared to what will soon happen. For example, recession proof jobs like working in a restaurant, will not survive when things get bad.
Signs of economic depression are that everybody is getting hit. For example, even police are let go. So life during the great depression is scary. Not only is crime higher, but there are no jobs. Therefore making money during a depression is hard since there are some good high paying jobs, but they pay very little and offer no security. To survive we need to produce our own food and be able to create our own power {solar, wind, etc.} so we can move on with out worry.
China want to ditch dollar and create a new global reserve fund. China threatens US with its military and financial power. How did we get here? Well, we allow exec to OUTsource and DOWNsize america, and now we reap the bitter fruit of the new world order. I tell you economic globalization = economic crisis.
IBM says 5,000 US jobs will be cut or OUTsource to India. This is from a company that is still making a profit. Tragically, the few US companies that are still hanging in there want to DOWNsize and OUTsource our work force. Folks, that is amazing, but many IBMers are now training their replacements in India.
If we see the future, then we know that GM goes poof. This year GM plans to lay off 47,000 workers. This week GM gives pink slips to 160 white collar workers. This company keeps getting bail out money. The question I have is for how long?
People, we are running out of money. Red China wants a new global currency to replace the dollar and they want to slow down on loaning us money. Hyperinflation could be our future if we continue to over spend and under produce. AND, we need to make small cars like the Tata Nano, not monster SUV trucks like the Hummer.
The price of oil shot up today to $54/b and is rising. I predicted that we would have gas going up over $2/gal and it is. Expect prices to continue their rise as world demand for petroleum products increases. We hit peak oil in 2005 since that time production has been falling. The future price of oil will be much higher than we expect.
Fox news predicts a new commune based society. This sounds a lot like John Titor's world. This is scary folks. What if it really does happen? Get ready to see the future according to Fox news. This is a lot like John Titor Predictions.
George Ure the time monk predicted the dollar death. Today we are seeing a decline in the dollar as more countries begin to dump the dollar. Sadly, our gov will continue to pour new money into troubled banks without letting them be taken over. This means the dollar will drop.
Could this be the end of the dollar as main world reserve currency? It may well be that a new currency will replace our dollar as the world becomes fed up with the massive spending of the US gov. Get ready for a lot of stuff to happen soon.
OK, we are going down! The banks are falling, things are far worse than you are told. Liars in the corrupt to the core congress believe that - Youns cain't handle the truth.
The problem is getting worse by the minute. This is what I have seen using astral time travel - cities on fire, roving gangs, and shortage of {food, fuel, ect}.
In Jan 2009 when oil was in the thirties and gasoline drops to $1.39/gallon HDRKID prediction for this year was that we would have oil over $50/b and gas over $2/gal. I repeat this is not a sign of a strong economy, but rather one of a weakening dollar.
Peter Schiff is right on money. Time to buy some bullion.
The problem of fatherless families grows. It is estimated that in USA an incredible 40% of children are born to unwed mothers. Also, since mom must work, the children grow up on the street.
Bristol Palin is the poster child for what is happening. This unmarried teenage daughter of Alaska governor and former republican VP candidate one Sarah Palin never did marry the father. Sadly, our world will see a rise in absentee fathers.
Perhaps on of the most startling predictions by John Titor was a war with russia. That seem so odd back in 2000, but now we see that russia rearms and flexes its muscles. Russian President Dmitry Medvedev says moscow will begin a russian rearmament plan to be completed in the year 2011. Things are getting worse. I predict that we will go to war with russia soon. When you see russia rearm it is to attack us.
South america is seeing a shift to the left with Lula in Brazil and Chavez in Venezuela, but now in central america we see an ex-Marxist guerrilla new president of El Salvador one Mauricio Funes taking power. This is very bad for all the world. Take a look at North Korea to see what communism looks like.
Future of government is to think small. This century will see the end of big banks, big biz, big church, and yes BIG GOV. To remove our blinkers we need to see that at one time we use to serve kings, but now we are trying to free ourselves. Do not listen to the siren call of communism. The best way is for people to own their home, car, and job.
When this bear predicted the stock market crash the dow was 13,000 and he predicted a 50% drop. Well, we are now around 7,000 and falling. He predicted a recession. Guess what, we are now in a severe recession and going into a deep depression.
Therefore, when debunkers claim that no serious person predicted the recession, you can tell them that they are wrong as usual. My prediction of complete collapse was made in 2005 to give people enough time to get out. By the time fund managers like the man below saw it, houses had already lost over 25% of their value.
In 2003 Alan Greenspan who was Chairman of the federal reserve said "The notion of a bubble bursting and the whole price level coming down seems to me as far as a national nationwide phenomenon, is really quite unlikely,"
In 2005 HDRKID say "The real estate market will fall like a house of cards".
What happened -- price of houses fell over 50%. The drop cause banks to fail and US to go into a severe recession, soon a depression.
It seems our economy rescue is now up to near 12 trillion dollars. A trillion here, a trillion there and very soon you are talking real money. At this rate we will go bankrupt bailing out banks, insurance companies, ect.
The idea was that we would get the money back, because this was like a loan. OK, so we are not going to ever see that money again. My worry is that we are sinking ever deeper into depression. Quicksand is a good analogy to where we are now.
There is a group known as Time Travel Forum of hdrkid where my predictions will be placed. That way people can see how close I came to getting it right. My goal is to try to get as much accuracy as possible in predicting future events.
Pick any group of 100 small companies and approx 90% will go under in the next ten years. That said, even big companies do not last forever. Most end up as GM is now. Of the original Dow 30 only one hold out remains General Electric. GE might survive until 2036, but I doubt it will be around in one hundred years. This year the stock is way down. At this rate there will never be a GE C204 in 2036.
Analyst say that we will soon go under 5,000 and hit 4,000 by summer. The market is falling with so much momentum that it can smash any price supports traders put in front of it. And after we have major runs on banks it could collapse completely. If major steps are not take now, we face financial armageddon.
Forget the German weimar republic and wheel barrows full of cash, after a seeming never ending megabailouts of Citi, many firms don't have to submit to this major indignity of declaring chapter 11 bankruptcy. This is because big gov rushes in 18-wheelers full of green cash to help bail out the big banks. Well, eventually, the government will run out of money. Future of government is no gov.
Billionaire Warren Buffet, one of the richest men in the world says US has ‘Fallen Off a Cliff’, but we can see that it does not prevent those in deep denial from waking up to a bleak reality. The prefer to remain at play. Those who are wise will long remember this day as a wake up call for america.
It is as if things could not get worse, and then they do. President Obama says US is losing war in Afghanistan. This news could not come at a worse time. People are seeing us fall apart and now we are talking about cutting deals with the Staleban.
Back in Oct 2008 cramer says that stock market will decline and people should pull their money out. Well, he sounds prophetic now. Stock market is in shambles - guess what that is what warren says. Listen to me, I told you back in 2005 that this was coming. Those of you that bought precious metals are fine in 2009. Future price of gold is much higher. I predict gold will go over $2000. Make your move. Those that choose the route of ridicule are getting smashed by a stock market crash.
GM is near bankrupt - stock lowest point in 75 years. Today its new low was like one set back in May 4, 1933 during the depth of the Great Depression. Things have certainly changed since 2004, the wolf truly is at the door.
Well, even though GM is not bankrupt yet, the decline in the automobile giant is having an effect, unemployment rates in midwest are up.
| Ohio | 8.8% |
| Indiana | 9.2% |
| Michigan | 11% |
The dow fell near 300 points as people hit the exit button on a crashing market. Terrible news causes investors to worry. Obama's stimulus package is seen as a failure. The complete economic collapse is near.
Oil is going to go up? Video of analysts say that $4/gallon gasoline will be back.
This could hurt the economy even more. People need to get ready for a rise in price of gas.
Video of GM considers liquidation as an option.
Bank nationalization is here!
After pumping billions into this white elephant, we see that AIG, once the world's largest insurance company is failing. AIG wipe out is affecting the rest of the world. Too many CDO papers that is basically worthless. Time for people to realize that things are far worse than we have been told. The fall of our giant insurance company AIG can send shock waves around the world. Actually, we are on bailout number four now.
There is now a tribe of people who predict that future on Youtube. It is my guess, that some of his predictions will come true. He was spot on with housing collapse and economic crisis, as well as the drop in the dow, but what now?
There was a catastrophic sell off on Wall Street today. The Dow ripped right through the 7,000 barrier like it wasn't even there. Stocks fell nearly 300 points on what looks like another black Monday. This incredible catastrophic collapse that had been claimed unthinkable just a few months ago wreaked Wall Street with a financial wreaking ball. There is a scary chill in the air, with an eerie quiet, like before a financial hurricane; only a tiny scattered handful of crying folk are slowly trudging down the lifeless lanes of the ghost town mall. Their sad faces seems like those of the bereaved at a funeral parlor, it is americas funeral, the end of an age.
Leaders of EU are having an economic crisis summit. Finally, eurozone crisis is making leaders take notice of the financial catastrophe, and now we see that the world is waking up.
The global crisis is now being dealt with, but can our european neighbors prevent an economic eurozone crisis? And could they stop a problem as big as our severe recession turning into a deep depression? I do no believe that we can prevent the event, but time will tell.
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?
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.
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.
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.
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.
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.
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.
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?
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?
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.
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.
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!
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...
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.
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.
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