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.
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