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Sun

27

Jan

2008

Trends for Downsizing the US: The Bright Side of the Panic of ‘08
Sunday, 27 January 2008 08:52
by Christopher Ketcham

Futurist and trends forecaster Gerald Celente, director of the Trends Research Institute in Rhinebeck, NY, predicted the 1987 stock market crash, the collapse of the Soviet Union in 1989, the Asian economic implosion of ‘97, the decline of the dollar beginning in 2005, the meteoric rise in gold prices in an age of currency volatility, and the turn of events that may be the blessing of our era, the subprime mortgage crisis. Because of this habit of prescience, Celente has appeared regularly on CNN and Fox and MSNBC, his “Trends Reports” widely quoted in newsprint, on Oprah Winfrey, on Good Morning America.

Now in his Report for 2008, issued in mid-December, he carried the news every thinking American already knows. “The United States of America,” Celente pronounced, “has gone from first class to third rate.” It’s a “nation on the skids and heading down.” Celente projects economic and political crisis in the coming year. “In 2008, Americans will wake up to the worst economic times that anyone alive has ever seen,” he wrote on December 17. “Just as they didn’t see 9/11 coming and were frozen in shock when terror struck, [Americans] will be frozen in shock when terror strikes again.” He predicts “failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities…the stage is set, the big one is on its way.”

A similar wake-up call was issued last summer in a report by none other than the chief investigator for the US Government Accountability Office, comptroller general David Walker, who warned that US policy on energy, education, the environment, health care, immigration, Iraq – pretty much the gamut – was on an “unsustainable” course, bound for a maelstrom of insolvency that could threaten to sink the ship. According to the GAO chief, the fall of Rome seemed an apt historical comparison: “[D]eclining moral values and political civility at home, an over-confident and over-extended military in foreign lands, and fiscal irresponsibility by the central government. Sound familiar? I’m trying to sound an alarm.”

When I called up Celente on Jan. 2 to see how the new year was taking shape on the first day of trading, he fired back in an e-mail: “An attack in Nigeria (Africa’s biggest oil producer) by anti-government forces on the port city of Port Harcourt hit the futures markets hard. On the New York Stock Exchange, trading conditions worsened on reports that the Institute for Supply Management's manufacturing index dropped to 47.7, the lowest reading since April 2003. Growth in European and Singapore manufacturing also slowed in November, showing signs for all those that were looking that the slowdown would be global.” By early afternoon, gold had surged $24 an ounce, crude oil climbed $3, the dollar fell against all major currencies, and the Dow was down over 200 points. The next day, Jan. 3, oil hit a record $100 a barrel. And indeed, as Celente warned, world markets were unraveling by the second week of January, the Nikkei on its worse start to a new year since 1970, the MSCI World Index dropping 6.9 percent, a loss of $2.1 trillion from members' market capitalization, while Swiss world banking giant UBS posted a $13 billion loss, and authorities in Britain reported the first run on a British bank in a hundred years.

When on January 14 Celente sent out his weekly e-mail alert to subscribers, the news was no better. The Dow registered its third consecutive week of losses, one of its worst New Year starts in history, losing in just the first week of 2008 half its gains from 2007. “Slumping retail sales, dire housing data, rising unemployment rates, gloomy consumer confidence, spiking oil prices, a ballooning trade gap, eroding wages, mounting credit card debt and delinquencies, mortgage defaults, record foreclosures,” said Celente. “The data floods the wires and spreads the fear.” It’s telling that Tiffany's was off 11 percent in sales, as even the very rich hide their cash under beds.

So is the subprime mortgage mess the catalyst for the Big One, what Celente calls the Panic of ‘08? Stock guru Jim Cramer, host of CNBC’s Mad Money and co-founder of TheStreet.com, seems to think so. “There are a group of insurance companies that insure all these bad mortgages,” he told Chris Matthews on Jan. 18. “And I think they’re all about to go belly up. And that will cause the Dow Jones to decline 2,000 points. They have got to be shut down. This is going to happen in maybe two, three weeks, Chris. It’s going to be on the front of every paper. And no one in Washington is even willing to admit it. I am telling you these companies do not have the capital to make good. And, when they do fall – I believe it is when – if the government doesn’t have a plan in action, you will not be able to open the stock market when they collapse…No one is even talking about it.”

From panic, offers Gerald Celente, will arise almost overnight an era of social and political upheaval and plain awfulness. Self storage will finally “live up to the meaning of its name. Down and out, thrown onto the streets, homeless Americans will empty out storage lockers of useless junk…to store themselves.” He predicts wage riots and anti-government street protests and intensified anti-immigration movements looking to scapegoat the “aliens” among us. Toward the 1 percent of Americans who received 50 percent of all income gains in recent years – those same 1 percenters, roughly 3 million people, who took in 22 percent of all income in 2005 – there will be growing rage. “Kidnappings for ransom will become common, as they were in the Depression and as the poor strike out against the rich,” Celente predicts. Lawlessness will be met, as in most third rate nations, with violence from an increasingly sophisticated and brutal police state. A different type of violence from the ground up, tax revolts, will also develop in strength, targeting a tax-ravenous federal government that Celente charges has failed “to protect food, win wars, clean the environment, upgrade infrastructure, improve living standards, provide health services or advance education.”

Meanwhile, the dollar will bottom out at 10 cents to the euro sometime in the next several years, perhaps by 2010. Newspapers report that even Third World vendors are beginning to refuse payment in greenbacks, while foreign governments and investors, mostly the Chinese, deploy the muscle of their currencies to buy US property and businesses (proxies of the Chinese government late last year snagged a 5 percent stake in Citibank, a 10 percent stake in Morgan Stanley).

Note that this is no fringer veering into conspiracist phantasm: Celente consults for hundreds of large and small corporations, addresses government bodies worldwide. Norway flew him to Europe in 2006 to address a conference on innovation, while the International Council of Shopping Centers hosted him as the key-note speaker at its 2007 convention – the mall builders hoped to glean from Celente “what people want from malls.” It’s notable, in the wake of the prognoses of his 2008 reports, that he is no longer invited onto the TV and cable networks – “the first year in decades,” he says, “that they did not have me on and that USA Today did not cover the Trends Report.” When Celente sent out an e-mail alert to his mailing list in mid-January, Jack Marks, the publisher and CEO of The Wall Street Reporter, one of the oldest investment organs in New York, wrote him back to say “You are a fucking retard motherfucker” and “Remove me from this list, you fucking moron.” The local publishing group near Celente’s home in Rhinebeck is perhaps more typical in its spinelessness: The Taconic Press, which publishes six newspapers in the Hudson Valley and upstate New York, told Celente in December via e-mail that there was “a general uproar about the inclusion of your Trends forecast [in 2007]…reader and advertiser reaction was strong, and they made their feelings known to our publisher.” Celente’s long relationship with Taconic Press is no more. Par for the course in the nation of blinkered denial.

There is apparently an upside to the rottenness to come, according to Celente – if Americans dare to reinvent for the 21st century the free thinking and civic courage of their past. This good cheer as Rome burns is buried somewhat in Celente’s report for 2008, but what it suggests is that, catalyzed by crisis, a fair number of Americans – a minority, likely, but still to watch – will begin this year a transformation of consciousness. Celente predicts that the smaller communities, the smaller groups, the smaller states, the more self-sustaining communities, will “weather the crisis in style” as big cities and hypertrophic suburbias descend into misery and conflict. “Like Katrina’s victims that knew the hurricane was coming but didn’t flee – and looked to Uncle Sam to save the day – those that don’t take action before panic strikes or wait for Washington to lend a hand, will suffer the most from the calamity that follows,” he writes. Economically, the new consciousness will recapture Yankee frugality and reject the lunatic behaviors that have been unsustainable since the Second World War – big houses, big cars, big spending. Those who market and embrace “products and services that focus on compact, smart, functional, efficient, neat, clean, reusable, 'less is more' and 'small is beautiful',” Celente writes, “will handsomely profit.” There will be a downsizing of expectations and perceived needs. There will be a downsizing of giantist institutions to fit to human scale – the center cannot hold, particularly as state’s righters and tax rebels and what Celente calls “the newly flourishing state secessionist movements” begin to repudiate a $9 trillion-in-debt federal government that too often practices the most offensive kind of taxation without representation. Altogether, there will be a downsizing of America.

“This could be the end of something really ignorant and stupid and dark,” Celente told me recently in a phone interview. “The end of a dark age! The end of the age of what I call Bottom-Line Fascism, the ruthless and dictatorial profit-only way of thinking that produces crap over quality in all the major institutions, dopiness and blob-thinking, the manipulations of an idiotic media and political establishment, the Cartoon News Networks, the Greta Van Susterens and the Hillary Clintons uttering the same pablum ad nauseum over and over. All the institutions are coming apart – government, corporations, media, education, health care. They present nothing less than a vacuum! Something has to fill it! The systems that are in place? Things can only get worse if they stay in place. But I’m an optimist. I’m gunning for something better to replace what we got.” He pauses. “A renaissance! I’m gunning for a renaissance: an era where quality beats out the crap of quantity.”

POST-SCRIPT: Alarm bells are also ringing for former CIA consultant Chalmers Johnson, author of the Blowback Trilogy, including most recently the final installment Nemesis: The Last Days of the American Republic. Like Celente, Johnson sees the subprime mess as only the most visible part of a far-reaching debt crisis with lethal implications. “Confronted by the limits of its own vast but nonetheless finite financial resources and lacking the political check on spending provided by a functional democracy,” Johnson wrote in Harper’s last January, “the United States will within a very short time face financial or even political collapse.” The folly of what Chalmers terms “military Keynesianism” – devotion to militarism, weapons, warfare as fiscal stimulus, a policy embraced with equal fervor by both parties in Congress – will speed the country to moral, fiscal and political bankruptcy. To grasp the horror of military Keynesianism, consider this statistic: By 1990, production for the Department of Defense amounted to 83 percent of the value of all manufacturing plants and equipment in the US. Only 17 percent of the US manufacturing base actually made products not meant to kill. In this regard, bankruptcy and collapse is much-deserved, a comeuppance long overdue. On the bright side, Johnson notes that “bankruptcy will not mean the literal end of the United States any more than it did for Germany in 1923, China in 1948, or Argentina in 2001. It might, in fact, open the way for an unexpected restoration of the American system, or for military rule, revolution, or simply some new development we cannot yet imagine.”

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Jimmy Montague said:

Jimmy Montague
Mr. Ketcham -- Your attitude
is at least as bad as my own. But it couldn't possibly be any worse, if that's any comfort. I've been hoarding aluminum foil because I don't want to run out of tin hats. What's yours?
 
January 31, 2008
Votes: +0

marshall said:

0
where to invest
if the USA is ending where does one invest.. bu
 
January 31, 2008
Votes: +0

Daniel Martin said:

0
Mr. Montague...
What's then that which you foresee? please share
 
January 31, 2008
Votes: +0

Jimmy Montague said:

Jimmy Montague
Daniel Martin --
I can't possibly predict what's coming down the pike a year from now or even tomorrow morning. I could say "bad things are coming" and be correct in that. I could also say "good things are coming" and be equally correct. But when I start naming specifics, I start writing fiction. Because nobody knows what the specifics will be. Nobody can know. In short, prognostications are as Tweedledee told Tweedledum: "If it was so it might be; and if it were so it would be; but as it isn't, it ain't. That's logic."

Now, none of that is to say that I disagree with Ketcham's article or Celente's predictions. My own expectations are, as I implied, just as bad or worse. Unlike Celente, for example, I hold out no hope "that the smaller communities, the smaller groups, the smaller states, the more self-sustaining communities, will “weather the crisis in style” as big cities and hypertrophic suburbias descend into misery and conflict."

I grew up in a small town in a small state. Today I live in a small town in a small state. I know these people for what they are and for what they're capable of just as, having lived in several cities, I know what to expect from the urbanites. As far as I'm concerned, the human creature is everywhere the same. I keep a loaded shotgun handy, therefore, and trust only to luck and to the persuasive power of 00 buckshot.

If you want to know what I think of what's going on at the moment, you can visit my blog at http://cyanidehole.com. There's enough hanging up there to keep you busy for an hour or two.

Best.

Jimmy
 
February 01, 2008
Votes: +0

Frank Parkinson said:

0
Title? Well, PhD, but just a jobbing philosopher, now well retired and an addictive US-watcher.
Just as one could not have predicted shapping malls and a thousand other developments in civic and national and global structure arising from the invention of the automobile, we can't predict in detail what happens when the structure crumbles. My own assessment is that economic collapse in the US (particularly)will bring consequences worse than we can imagine. Howard Kunstler is one of the few who follows the logic through. With Iran, Indonesia, etc. (and soon the Gulf States) refusing dollars for their oil, and only the defective Gordon Brown buying toxic treasuries as a (very very expensive) band-aid, and giving America $100 billion of British tax payers money, the end is now in sight. The US is technically bankrupt, and as with any individual who finishes up like this, some consequences are inevitable. I cannot see any way out of this bar hyperinflation - and Bernanke is pumping away.

Those who say the US is too big and strong to go down should look back at Rome, and those who have swallowed the official report on 9/11 owe it to themselves to discover the questions that intelligent and worried citizens are asking.
 
February 01, 2008
Votes: +0

Jahfre Fire Eater said:

0
Can't predict but ...
There is difference between acting as if you know what is going to happen and acting as if you know something might happen because history has record its happening every time mankind has chosen to follow the path of empire in decline.

I think it is always better to act based on things you have learned about the way the world works than to pretend the world will act differently now that you are living in it. What good will it do you to have prepared for yesterday only to find out that tomorrow is vastly different. The downside to being wrong is that you don't have to go grocery shopping as often as your neighbor and you have a stack of gold and silver. That isn't a bad downside.
Jahfre Fire Eater
www.nolanchart.com/author26.html
 
February 01, 2008
Votes: +0

E-Manual said:

0
The greatest revolution
The greatest revolution would be the market driven (grass roots) demand for commodity based ETF's, such as StreetTracks (gold), to be monetised.

The only problem with historical gold systems was the FIXED peg, not the gold. We now have real time capabilities. E-gold and e-bullion make for the perfect models, while ETF's make for the perfect reserves to scale up to. Simple.

Money from nothing, no more ! Among all the derivative mess, have we lost sight of the fact that the very substructure of the mess, the dollar, is a derivative , also ? Ron Paul would lead us in this direction ..... but isn't even necessary. The age is closing, an age branded by top-down power.
 
February 01, 2008
Votes: +0

Greg C said:

0
Are IRAs or 401Ks safe?
I believe that our retirement accounts will be vaporized when the big banks, investment firms, and insurance companies fail so I don't believe that even commodity investments such as ETFs are safe. When It gets bad enough the Federal Government will help itself to the money anyway and if I remember correctly Bill Clinton in his first year tried to enact a one time tax on all retirement savings. Hoarding may be the only commodity investment offering a reward but that too will have to be defended. Hunger and thirst will bring out the utmost evil in man. As ugly as the next few years will be it is a much needed purging.
If you are retired remove your money now and pay a much lower tax than will be levied over the next few years. If you are not retired and have an IRA you may want to start moving out money now and paying the penalty and tax as you will most likely come out ahead also. If anyone can tell me why I am wrong on this please do as I can find no evidence to the contrary.
 
February 02, 2008
Votes: +1

Lou Zeher said:

February 02, 2008
Votes: +0

John L. Herr, CFP (retired) said:

0
The end or a new beginning?
Our choice, or at least a choice for some. I remember my father saying that in Lancaster, Pennsylvania, the heart of the Pennsylvania Dutch country, home to the Amish and Mennonite who promote self-sustainability, "during the depression, here in Lancaster County, we didn't even know their was a depression".

Today during this cycle everyone should have a portion of their portfolio in Precious Metals and perhaps some dividends in Canadian currency as well as low or no debt; heat their homes with wood and have a large garden. The culture of our Amish and Mennonite ancestors can serve us well, then sometime during the end of this period of change one ounce of gold may buy the entire Dow Jones Industrial Average and dividends will be back in vogue.
 
February 02, 2008
Votes: +0

Boaz Frenkel from Israel said:

0
A Human Being
It could be that we are in times of change, not only in economic/ financial terms. It seems that in many aspects the human race and our culture have "run their mile". The egocentric mindset, the treatment of the planet, greed, lack of spirutual/ humanistic values and other characteristics are long overdue to change. America is still a place which leads the world in many positive ways (technology, science, medicine...) but the fact that some power is shifting to other parts of the world is not necessarily bad. In the same way that it would be better for wealth to be more spread, less concentrated in the hands of few so it maybe would be better if power would be more distributed. The question is what values will accompany the power and the wealth in wherever these accumulate.Money isn't everything. It's what (and more importantly why) we do with it that counts.
 
February 02, 2008
Votes: +0

weirdloo said:

0
weirdloo
goob zukle wooz fioop disst
 
February 02, 2008
Votes: +0

Buddy said:

0
Standard Citizen
For many, many years, it has seemed that the end of the world was upon us. And during those years, various band-aids, bailing wire and chewing gum have held things together. Thus, I think that the end will be further delayed (as the hot water which we're in is simply getting to a nice sauna-like heat). Thus, don't panick - - just make resonable moves and logical actions, as 2008 continues to hold together. - - I can't be as optimistic about 2009, though!
 
February 02, 2008
Votes: +0

STEPHEN A KAPOGIANNIS said:

0
RETIRED


IF THE DOLLAR BOTTOM OUT AT 10 CENTS TO THE EURO SOMETIMES IN THE NEXT SEVEL
YEARS DOES THAT MEANS THAT REAL ESTATE PRICES WILL GO UP SINCE REAL ESTATE IS PRICE IN THE DOLLAR.
 
February 02, 2008
Votes: +0

The fifth horseman said:

0
The subprime crisis is going to take time to play out
The Fed just cut 125 bips and has more bullets to expend yet. This is temporarily stop the hemoraging and rile up bond investors. I feel that there will be one final blow off in the equity markets before the mother of all bear markets really takes hold. At this point, it will all be about tangable assets. I agree there will be riots, government failure and looting when the events unfold. Hard to believe how many folks lifestyles are going to be tipped onto their ear in relatively fast order. Sad.
 
February 02, 2008
Votes: +0

Gr8 said:

0
Not going to happen on Election year 2008
We have 1 to 2 years to prepare for this event.
Keep accumulating gold and silver coins and live
near towns with farmers market.
 
February 02, 2008
Votes: +0

Realist said:

0
Get Serious
Get SERIOUS all you nutters out there, talking about the government failing and a depression causing people to kill for food, wood and oil. You've been watching too many disaster movies and Mad Max films, and you're starting to believe all the rubbish that flows around on the intatubes as quickly as the credit has been flowing around the World the last few years. Good analogy, no? Yes it is, now GET REAL and look towards your future.
 
February 02, 2008
Votes: -2

Dan said:

0
waiting for the wave
The sea is getting wild but the big waves aren't hitting the markets yet. The time is still left to buy physical bullion and get out of debt. ETFs are BS, vehicles for the rich - you're investing in the believe that some rich guy is holding gold or silver with your name on it. With SLV you can't get silver and with GLD you need something like a million invested to get gold - I could be wrong - either way only hedge against what seems to be coming is physical gold and silver and no debt, garden that can produce enough of food to help with diet and food for couple months of survival - can't have everything perfect without giving up some food stuffs. I don't believe the USD will fall to 10cents a Euro as Euro is another paper currency and IMO will also want to devalue itself just like other nations - this thing will turn into a global currency crises not just USA. Follow gold and you will see that USD hasn't falled that much recently and Euro hasn't moved much higher, neither has CAD and yet gold moved to 940 before correcting. I think the year will be rough and maybe a market crash in the fall - why October is a bad month don't ask but seems to be a month for that sort of thing :/

Starting to buy bulk canned goods with high nutrition value might be a good idea and keep it all quiet as you don't know what the people around you will do if they find out. Have few trusted friends working together to make through if things do fall apart.

I hope it doesn't happen and I hope what I think will happen is nonsense but at present I'm getting ready for the worst and hopefully in couple years I can look back and say - what the hell was I on to think everything was going to fall apart - but if not than I'll be glad to have done some preparations for the worse - the mother of all Tsunamis as American empire shines no more.
 
February 02, 2008
Votes: +0

Spindles said:

0
all part of the plan
THe real rulers of this country; the old money monarchs of the world banking institutions are very well aware of the finacial crisis. In fact they have created it, and intend to liquidate this country until we are all on our knees. It's all part of the plan. I wish their could be a renaissance. But I'm sure the fallout from this crash will be as meticulously plotted and controlled as the crash itself....and not to our benifit.
 
February 02, 2008
Votes: +0

Tom O said:

0
Doomsayers of the world unite!
I had a bookshelf of doom and gloom books 20 years ago. Every crisis that
comes a long is going to lead to the "big crash". Ain't happened yet.
Pity the poor idiots who ran to the hills and sold their stocks when the Dow
was at 1000 or 5000.
Let me tell you something gold bugs...gold is the new bubble!
All this liquidity goes somewhere...once upon a time it was internet stocks
then real estate and now it is gold. Like all the other bubbles it will pop.
Except the only ones who will get out in time will be the etf holders.
The goobers with bags of coins in their attic will be too late.
 
February 03, 2008
Votes: +0

Fred said:

0
Between the hammer and the anvil
Now that we have been sold out by the minions of the penultimate ubermiesters, i.e. the guv, the banksters, and the media...what do we do about it? Wring our hands until we draw blood?...Look around for a scoundrel to hang?...Stick pins in a Bernanke doll...Huh? Well,after you're finally terminally dehydrated from crying and your blood pressure comes back down to semi-hydraulic, and you become aware that you are drooling into your keyboard and that is why all that wierd stuff is scrolling across the screen..then and only then you pull a piece of copy paper out of the printer, grab a pen and start to make a survival list because you know in your gut of guts that you are not up for living under overpasses in a big paper box community. You may not like guns but the interloper that you stick it into the face of will like it less, and finally when everybody begins to look like those scruffy, wrinkled-out post civil war bewhiskered hangers-on in those old brownish pics you too will be brown, bewhiskered and wrinkled and the general aroma won't be too urbane either. Point being.. around that time when Walmart parking lots are sprouting six foot weeds, folk will be into barter. So, on your list you scrawl, " 12 gauge, lots of shells, few cases of Jack Daniels, cases of box matches, several toilet paper 24 packs, a few dozen cans of Spam, several hand can openers, a few dozen bars of soap, about a gross of trail bars and a few bottles of water purifier pills." You kick back and think, "Gee that's a good start, Now maybe I should also buy a sack of silver coins to have some wherewithall." Then you maybe have a chance to survive the first neighborhood wars, instead of being roadkill on the way to our brave new world.
 
February 03, 2008
Votes: +0

coyote said:

0
x
Begin initiating the development of a federation of sustainable communities.
 
February 03, 2008
Votes: +0

jonno the unready said:

0
galactic administrator
GREED AND STUPIDITY HAVE RULED THE ROOST FOR A LONG TIME BUT THE LAWS OF THE MARKET PLACE ARE AS IMMUTABLE AS TE LAWS OF GRAVITY. hOLD ON TO YOUR HATS THIS IS GOING TO BE A LONG AND WILD FINISH TO THE AMERICAN EMPIRE
 
February 03, 2008
Votes: +0

AGhead said:

0
...
Spindles said it all. The plan was put into 'action' on 9/11 and has followed the script to a 'w'. However, the power brokers et al left behind one marble on the playing field......GOLD! They have lived to regret that error but it is ours to grasp and hold on to. Gold will go to price levels beyond belief or more accurately until people realize that gold/silver will go only so high and then be more valuable than the paper money it is denominated against!
 
February 03, 2008
Votes: +0

maubus45@comcast.net said:

0
O,Mencken,where art thou?
I'll be 74 yrs. old in nine days, and I'm kind of glad I won't have to see what is going to happen to this once great country of ours.I'm particularly concerned for my children and grandchildren.
But wait!There is hope! And it lies in the hands of our dear black and hispanic citizens.
If the gods choose to smile upon the USA again, in a couple of years a younger Colin Powell type will come along and lead our military.
Responding to demands of the black and hispanic communities who will have taken to the streets and pillaged, burned and rioted as only they have the guts and passion to do, while the fat ,dumb and happy middle class whites sit and watch reality shows and pay for view wrestling,and our younger Colin Powell will lead a military takeover and save our country.Note that the military today is made up of a high percentage of blacks and hispanics and the military is the only part of the government that is functioning(The executive branch???, the legislative branch????)and they will clean house in Washington by expelling every single elected and politically appointed scoundrel in office.Perhaps some middle class whites will rise from their semi-catatonic state and join in the revolt, but if history is any indicator , they cannot be depended upon to overthrow the current banditos and restore this blessed land to its rightful place as a respectable and stable society.
If you think I'm wrong,think about what happens when someone pisses off the black or hispanic communities...they are in the streets in great numbers demanding action!!!! And when is the last time the white middle class has done so???? NOOOOOOOOOOOO, we're too comfortable.
 
February 03, 2008
Votes: +0

Nick said:

0
Gold
Gold may not floot on water very well. But its going to be my life presever. Wake up all you non beleivers. Gold is the altimate insurance in times of trouble. Buy before it,s too late. You think this damned goverment gives a rate arse about you?
Non beleivers need to come up to speed very fast. The documentry Zeitgeist is good. So is the documentry The Money Masters. Both available on ebay for $1.49 each. Then read everything you can find on the net by Doug Casey. Google the name.
Fisical gold/silver in your hand and minimal debt. Way to go.
Take care
Nick
 
February 03, 2008
Votes: +0

Glaucus said:

0
@ Realist
When economic reality finally sets in, don't come knocking on my door.
 
February 03, 2008
Votes: +0

davy said:

0
The Best and Worst of Times to be a Democrat
The Bush plan for a North American Currency (call it the Nero, in his honor) and a NoAm enterprise zone, might deflect some of our problems. The leaders are dismantling the empire ahead of the invaders, taking what booty is theirs, and transferring it to offshore banks. Their retreat is being covered by (worthless fiat) money dropping from helicopters. When Joe America wakes up they will be long gone, and some new Robespierre will conduct an inquisition, against the opposition party, in this case the Democrats. Republicans hate the French Revolution, Liberty, Fratenity, Equality, but they love the Guillotine. My guess is the GOP will prevail, and the Democrat party will lose their heads, and a lot more.
 
February 03, 2008
Votes: +0

Ron Paul Fan said:

0
You have to believe America Will Be Back
Of all the Presidential Candidates, there is only candidate that has REAL KNOWLEDGE in the areas of Finance and Economics, that is Ron Paul. He is one of the very few that actually knows how to fix the American Economy, because he actually has a background in Finance and Economics unlike 90% of the other Bozos.
We are in trouble, because Americans don't recognize their roots anymore. The American Constitution is no longer explained or taught in our schools. I can understand why present day Americans are ignorant and dumbed down. Americans nowadays, are ignorant of ideas that used to make America the envy of the WORLD! In 1753, America was already a very wealthy country. Why? Because a lot of Americans were smugglers and did not pay onerous taxes . In other words, they kept everything they made. Back in those days, almost every farm had their own MOONSHINE Still, which average Americans made money from. The English king, George I, noticed the American Wealth and decided to send his tax collectors to America to collect some money for himself! The Americans, were outraged, they tarred and feathered the Tax Collectors and sent them back to England! For 130 years, the small America govt. survived on import, impost and excise taxes from Corporations. Everything worked fine. No income taxes from the people was ever needed! Believe or not, 97% of the taxes proposed by Congress nowadays are PURE PORK! In this time of crisis, only True Americans will know what to do to save their country. You can vote for Freedom by voting for Ron Paul, or you can vote to lose more of your FREEDOMS by voting for one of the other Socialist Candidates. Vote wisely, your future depends upon it.
 
February 03, 2008
Votes: +0

neville burt said:

0
What part of the truth hurts jack marks???
Jack Marks, the publisher and CEO of The Wall Street Reporter, one of the oldest investment organs in New York, wrote him back to say “You are a fucking retard motherfucker” and “Remove me from this list, you fucking moron.”
Having read many articles both for and against what is currently happening on the worlds financial markets,I too have views probably more profound than Mr Clenente's

I took advantage of inserting the scurrilous remarks of jack marks the editor of some fifth rate rag so my question for him is ''What part of the TRUTH HURTS????

When the history of this sordid part of the worlds financial history is finally written and the real TRUTH about who caused all this and the criminals are brought to account by the Thinking men and women of the day men like whacko jacko marks will be quizzed as to why they made remarks such as the one above.

A modern day sort of Financial MacCarthyism will await the bernankes , greenspans and possibly the product of a confused mind jack marks.
 
February 03, 2008
Votes: +0

chux03 said:

0
Nay-Sayers
I always enjoy the comments by the crowd that refuses to prepare for anything, other than their next hair appointment. They act like all of this is just going to continue along, all on auto-pilot with no turbulence ahead and they can live life like there's no tomorrow and they'll all die fat and happy along time into the future. History? Oh they HATED that subject in school. Economics or Money Management?? What's that?
I hope all of these doom and gloom scenarios are b.s. but because I went to school and learned a few things about history, economics and money management and I have lived enough of life (I'm a Boomer in my early 50's) to know how crooked and full of fraud our brand of government has become (of course with the help of the FED and Wall Street) I chuckle at the lesson some of you are about to receive. Soon (probably this year), you'll all learn about how gold and silver are the only true and trusted stores of value (unlike paper money) and about how millions of people over thousands of years (have) TRUST(ed) gold and silver. Economics lessons coming will teach you about why your job is now in Mexico, India, Brazil or China and why Free Trade Agreements are a lot like the dollar and are not worth the paper they're written on. And coming Money Management lessons you missed way back when will soon teach you about why you should have invested in precious metals while you had the chance when they were cheap (Hint: that time is right now) and not purchased that overpriced piece of government inflated housing that is now worth less than you owe.
Oh that's right, you're smart guys/gals that already know everything. And (according to how you FEEL now) none of this is going to happen. And that brings up the difference between YOU and me. Me? I'm not willing to bet my life, my family, my home, my livelihood OR my future on "Oh, this can never happen here". And apparently you are...
I PRAY you're right...
 
February 04, 2008
Votes: +0

RL Mesler said:

0
i told you so
i been tellin people this was going to happen for the past few years. john titor ftw!!!
 
February 04, 2008
Votes: +0

Fred said:

0
wood power
After all is said and done what will you do do when the lights finally wink out due to any of a plethora of reasons? Oil gone, power grid kaput, money worthless, without electricity...even a relatively short disruption ( 1 or 2 months) we go back to the 1850's and it's dirt,sweat and tears...not to mention rotting food. So....anybody out there got designs for a modern high efficiency steam engine or sterling engine both of which can be run on wood and which could power a 20 or 30 kw generator to run average home. Smaller versions could run stationary equipment like portable sawmill or log splitter etc. Oh yeah and maybe a steam powered Farmall Cadet to drag those logs...and don't forget to add extra chain saw blades and a sharpener to that doomsday list. If a tree falls in the forest and..well just harvest it. Wood smoke does not contain sulfur and it smells good(at least at first). Coulda, wooda, shoulda.
 
February 04, 2008
Votes: +0

Jimmy Montague said:

Jimmy Montague
Who will protect you?
If it DOES happen here (and I, too, think it will), your gold won't be of any use to you unless you spend it to buy necessities. Once you start spending it, everyone in your neighborhood will know that you've got it. Who then will protect you from THEM? How will you protect yourself from the hundreds of people who'll be looking to grab your gelt?

There aren't enough guns in the world, chux03.
 
February 04, 2008
Votes: +0

Fred said:

0
The barter bank/store
Yeah human propesities to plunder and pillage first may be controlled by the "fight or flight" primitive brain bundle that sits atop the spinal column. However, on a longer term basis I believe that man would rather exist in a more stable and structured world controlled more by the cortex where toil and sacrifice lead to a life worth living, if somewhat reduced in hedonistic pastimes...a little like the towns that sprung up in the old west with a small but nasty contingent of outlaws and probably 95% contributors. I think with a small band of armed friends in a masonry and steel (abandoned bank?)building and with a trove of gold and silver coinage or honest home made struck coins a "food bank" could be established utilizing a set trading regime of agreed upon values for food products...non perishable first, then other comestibles later as circumstances would allow (refrigeration,etc.). Wood,oil,rendered fats would also be tradeable. In this way money (no paper thank you) could begin to circulate and an economy begun. As tradesmen began to ply their skills they could buy at the store...later competition from another bank and so on...then you need a sherrif, then maybe a militia,....The only "central government" a gathering of chosen spokesmen once in a determined interval to talk over problems and to facilitate stability in the larger regional entity. Washington eat your heart out!
 
February 04, 2008
Votes: +0

Yoda said:

0
Try not. Do or do not, there is no try
Funny things here today I have read, always in motion is the future. Concerned becoming I am.

Once you start down the dark path, forever will it dominate your destiny, consume you it will.

Around the survivors a perimeter create, size matters not.

May the Force be with you,

-Master Yoda
 
February 04, 2008
Votes: +0

Patrick said:

0
Compulsive moderate, stop me before I do something rational.
Look back at history, Republicans screw up economy and country, electorate wises up, elects Democrats, economy and country gets straightened out, Republicans hire economists and spinmiesters, promise voters that taxes can be cut and they can have something for nothing, voters forget the past and the cycle repeats. I mean come on, its not like the first time we've gone through this cycle. I remember the last time gold was $800 oz. Lost a lot of compound interest in the intervening quarter century and gained a lot of grey hair. Thankfully I had California real estate.
 
February 05, 2008
Votes: +0

Lance said:

0
Former optimist
The High Crimes & Misdemeanors of the billionaires, Cheney & BuSh, caused much of the mess wasting the trillions of dollars our grandchildren would have inheirited without the folly of Iraq. Remember BuSh declaring victory in Iraq on the Navy ship? He had the greatest opportunity to declare Mission Accomplished truthfully, after capturing Saddam. Then he could have walked away, leaving the thousand year old conflict in Iraq to the Iraqies, but he had to show how ignorant he was of history and prove his manhood to his political stooges. Thus America is now the third class nation we never thought possible. Let's put Cheney & BuSh on trial!!
 
February 07, 2008
Votes: +0

OUR FAULTS said:

0
IF WE HAD JUST STUCK BY OUR CONSTITUTION
We have allowed this to happen to us. I don't believe that all this will happen soon, but if we don't start focusing on our own country and stop amending our own constitution this country will be in big trouble. This country is based on fundamentals that are so far skewed it only makes sense that we will fall. Our current political structure is so corrupt, democrats and republicans alike. Greed will be our downfall, but I believe that those who are more concerned about themselves and less about their neighbor will be the first to suffer. AMERICA WILL SURVIVE!
 
February 08, 2008
Votes: +0

Alan said:

0
Gold
PATRICK: "I mean come on, its not like the first time we've gone through this cycle. I remember the last time gold was $800 oz. Lost a lot of compound interest in the intervening quarter century and gained a lot of grey hair.
Thankfully I had California real estate."

It's all TIMING, isn't it? ALL timing. If you bought heavily into
california real estate in 2005 or 2001, as many hundreds of thousands
did, you're going to be singing the blues (and gaining a whole lot of
grey hair) for many years to come. Whereas if you had bought gold at
$75 per ounce in 1973, and sold for, say, $400 or $500 in 1979, then,
well, you would be a happier camper. Or, if you had bought gold under $300
in 1999, as I did, then you would similarly be happy camper. Gold is STILL
FAR UNDER its inflation-adjusted high. Even at $900, it is still a bargain.
It will go to many thousands per ounce, in the final panic buying episode
(like in 1979). THEN SELL. Get it? Buy low, sell high. Basic principle.

 
February 09, 2008
Votes: +0

Alan said:

0
more on gold
PS: I meant MANIC buying episode, not panic buying episode.
Tops are like that -- maniacal, crazy. Like the dot.com top.
Like any top. People paying CRAZY prices for things -- like
$800,000 for particle-board 2-bedroom houses in california.
I'm projecting the final manic buying episode for gold at
sometime in 2010. Just a hunch.
 
February 09, 2008
Votes: +0

Rudy G. said:

0
Prayer

This is now the time that people on earth should pray to God and trust in His love and Mercy.
 
February 11, 2008
Votes: +0

John Gerard Phd said:

0
Normal intelligent and rational individual
What a bunch of scardy cats. Oh no! The sky is falling ! Buy gold and it will save you! ...Good grief people, get a life!
 
February 14, 2008
Votes: +0

Ray: Silver said:

0
Silver Versus Gold
Lots of talk about gold. Silver is a better buy as money and is used more in industry, The upside is much greater for silver and it's lesser value per ounce makes it easier to use.
 
February 17, 2008
Votes: +0

Mark said:

0
Bad times ahead
Recession 2008, MOTHER OF ALL DEPRESSIONS 2009, 3RD WORLD COUNTRY AMERICA 2010.
 
February 21, 2008
Votes: +0

Ralene said:

0
It would be great if economy didn't collapse, but just in case
I would rather prepare just in case. If we turn out to be okay, fine. But everything points out to our economy being unsustainable.

We have the ongoing wars (including the "War on Terror" despite our borders left Wide Open).
We have a massive trade deficit.
We keep funding illegal aliens through free births, WIC etc benefits, Free Schooling along with Free breakfasts & lunches.
We should Bill ALL NON-ENGLISH-SPEAKING STUDENTS' PARENTS for this services. Let them feel the pain instead of the schools demanding another tax for this service.
We should end ALL tax breaks to corporations/people who offshore their bank accounts, offshore our jobs, use all manner of Visa workers and illegal aliens {we can't continue to survive being a "service-oriented nation}.
We should make sure oil companies pay extraction fees.
We should heavily TAX all REMITTENCE money leaving this nation (including the participating banks and wiring services.
We should end the Tax-Exempt status of all churches, foundations & institutions who are ramming illegal aliens down our throats.
End ALL services to illegal aliens!

I just don't know how any of this multi-pronged attack on our middle class is sustainable, so I will listen to the people who need to "Get a Life."
 
February 26, 2008
Votes: +0

Ed Koller said:

0
Retired
All I can say is (what you sow is what you reap)so I think over the last 30 years or so we sowed a lot of weeds. Debt Debt and more Debt, which will lead to dispair, dispair, dispair. Without a doubt we are in uncharted waters. Break out the life jackets. I hope the water isn't freezing. Ed
 
March 09, 2008
Votes: +0

Escbc said:

0
retired
For several year I have been telling my friends I hoped I lived long enough to see and experience us hitting the end of the rope. And hitting the end of the rope is sure to come with the policies we have
 
March 15, 2008
Votes: +0

Christop8a said:

0
USE YOUR HEAD NOT YOUR BUTT!
It's very easy for someone who's in their 30's, 40's to 50's - they think they know the markets and that everything happening now is just another cycle.

WAKE THE FUCK UP!

Do you not realize since 9/11 Bush has anally-penetrated your constitution with laws parallel to Hitler's after the Reichstag fire (their fake Pearl Harbour/9/11 false-flag operation).

Funnily enough Bush's grandfather helped the Nazi's rise to power... just type Prescott Bush into Google.

Forget the markets!

Study the FORCES at work.

When you learn about the NAU coming (fall of dollar & U.S/CAN/MEX empires) and the NWO (New World Order) and their motives and what they are now almost publicly calling for...

When you take the advice of fellow brothers and sisters doing nothing more to advice you to save your fucking families and friends... when you take their advice without referring to fucking tin foil hats and conspiracy theories.. MAYBE...

JUST MAYBE... when you are starving and your daughter is in the freezing rain with no clothes... with her private parts exposed and the criminals are waiting in the bus stop to pounce on her..

MAYBE if you have some gold - I can offer you shelter/food clothes.

If your daughter is old enough, I'll even pay you gold to give her a good banging smilies/wink.gif

But you must get out of the trap of paper money!

You will be SOOOOOOOOOOOOOO shocked at the speed of the shift of the economy. Like the black market economy of the soviet union etc.

In a flash, you will be faced with people only trading with other goods (gold silver for food/clothes/guns/ammo).

The question is... are you prepared?

What is your focus right now - are you spending even one minute to discover what your lovely government ALREADY HAS LAWS PASSED AND PLANNED FOR YOUR COUNTRY & YOUR CITIZENS..

Are you doing that, or do you still believe World War 3 will never happen and that 19 muslim cave men tricked a trillion dollar defence system for 1.30hrs.. while all the jets were doing war game exercises with Cheney at command.. for the EXACT SAME SCENARIOS!

The transcripts for the air traffic control was literally... "We gotta hijacked airline, may need to scramble some jets".... "Is this real world, or exercise?"

Wait a minute, didn't Condi Rice say they never IMAGINED planes would be used to fly into buildings.

My fellow american friend, wake up or shut up.

Don't distrupt others!

Just like you dumb cunts in school ruined education for the smart ones...

Don't ruin the survival chances of todays smart

EITHER WAKE UP, BE AWARE & CONCIOUS

OR GO BACK TO SLEEP AND INJECT HEROIN INTO YOUR ARSE CRACK!
 
May 27, 2008
Votes: +0

seer said:

0
nazis
the United States made many deals with Nazis before, during and after WW2. Nazis were allowed into the USA in exchange for military secrets and more. Who runs all the corps now? Who runs the government now? People in the USA were bought out with cars, homes and steak. Just like the Nazis did to the Germans on the eve of ww2. It is a shame that this country was taken over like a free for all after we dropped the bomb. The NAZIS ARE HERE AND THEY RUN THE SHOW AN HAVE BEEN.
 
October 29, 2008
Votes: +0

Elsid said:

0
...
Nothing will save you!!! Not Gold or Silver or any other thing. As it says in the bible in the end nothing will have value. not new age conciousness celente (a.k.a the great luciferian new age religion) as spoken about in revelations, as there shall be a great falling away from the one and only true faith of Christianty.

All These things have been written about before 2000 years ago, in the bible. It speaks about 10 super states having power for a short bit, and they will give power to anti christ, which is going to be the New Age Jesus, who will deceive the whole world, and they will practice a unified spirituality. Then this Anti-Christ will bring 3 1/2 years of peace and after that he turns against everyone for another 3 1/2 years, and the end is here.

Now no one can predict when the exact time of this can be, just as god said himsself, when he said only the father knows. But when you start seeing more unions like the european union ect forming when pretty much the whole world is broken up into unions, know that the time is near.

Just like god said himself, don't put your trust in man because he will always disapoint but put your trust in the god. He is the only way for us to be saved and his name is Jesus Christ our lord.
 
December 20, 2008
Votes: +0

D2 said:

0
BORNE IDENTITY



I don't profess to "know" Biblical scripture.

I'm certain I "see" the signs.
I see the Way isn't pointing to belief in my government, religion, conspiracy "theories".

The Way isn't spoken of by O'Bama.
After all, his angels heralded a simple left hook called, "CHANGE".

We are our only hope for effective, collective CHANGE.

Ever thought about this: Why am I not offered hospitalization, ONLY, as a choice
when deciding on which health plan is best for me and my family? (ie., I can pay for doctor's visits,
It's that hospital bill that scares the crap out of me!)

There's another level of poverty no one has mentioned. If one is blind to the signs, how can one
be en-riched, Spiritually?
Sensing is the Truth within, at work in the mind-brain consortium (yes, you must stop logical
thinking.)
Here's why: For decades, statements, incidents, recent events
have kindled sparks of doubt, fear, oppression, in large (toxic) and small (inorganic) doses.
What began as wind brushing by you in silence now howls :SCREAMS), "Wake the F___ up, people!

How much more will you accept from unacceptable?

What will you give after you've been robbed of everything?

There is no de-ja-vu, no dreams or wishful thinking when tomorrow won't rise in you.

The sun will rise and set, of that one fact, is all you can seem to see before you.

And THAT is what you must focus on.
Focus.

Now, with all that said, and all that is written above, of all you've heard, read and pondered over,
all you've ever questioned and brushed aside as , "It can't be true,"
"I must have heard incorrectly," "No way!"

Focus!

You have been going the WRONG WAY for 2 reasons:

1. You have lost your ability to reason
2. You have been part of someone else's "bigger picture".

A "normal" person has and relies on their INTUITION


Focusing on the sunrise, recall all the bullshit you've eaten and permitted, digested and accepted.
ALL the lies, money you worked for that has simply disappeared.

The money has never been real. It has always been a con, 'cept for the building where the money is printed. FEDERAL is a lie. It isn't regulated or accountable to anyone.
Translation: The more they print, the less it's worth.
Which is also "make believe." Placing value on a piece of paper that isn't backed
dollar for dollar in gold and silver means it ain't Precious.

Now. I know you're ALL precious. Some of you will be seen standing in that long line for the CAMP uniform
our government promised you because you are also the few, the proud and the most UNIQUE!

Looks like you've been born (at least Blacks were sold, which gave them "value") into slavery.
You always have been...





BLIND, taxed, numbered (as Social Security....), even accepting
another tax on your
retirement income even though IT WAS TAXED (at a much lower rate) many
years ago ALREADY BEEN TAXED

I think someone just woke up.




Ever thought about this:
Why am I not offered hospitalization, ONLY, as a choice
when deciding on which health plan is best for me and my family?
(ie., I can pay for doctor's visits!)

It's that hospital bill that scares the crap out of me!)

 
November 26, 2009
Votes: +1

kiramatali shah said:

0
online
After last post on marketing without search engines, I decided to follow up with a strategy you can use to get quality free traffic. One of the easiest ways to get visitors to your web site is to spend money. Nothing is more effortless then paying for traffic. But if you can’t afford it or don’t want to pay, there’s an equally simple but free way to get traffic: ad swaps.

latest trend
 
December 28, 2009
Votes: +0

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