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America's Coming Financial Vortex; 6 Predictions for 2009-2012
howestreet.com ^ | November 26th, 2008 | Paul Mladjenovic

Posted on 11/28/2008 4:21:26 AM PST by ovrtaxt

It has been an incredible year loaded with surprises but I think that the next few years will surprise even more. Whenever I feel certain about something coming, I ‘m glad to put it in print. In 2004, I had successfully forecast many economic events such as the housing bubble popping and the credit crisis among other events. Current economic conditions and political outcomes have laid the groundwork for more events that we should be prepared for. All of these events combine to create a “Financial Vortex” that will hit us in the coming years.

First of all, be aware of what current conditions will help lay the groundwork for this financial vortex. They are:

1. America’s debt load. The U.S. government has now $12 trillion in debt. Consumers and businesses are drowning in debt. America’s gross domestic product (GDP) is about $13 trillion yet its total debt is over $44 trillion.

2. Derivatives. Derivatives are complicated, arcane and risky securities that now total about $500 trillion. That makes this market ten times greater than the dollar value of the world economy which is just under $50 trillion.

3. Unfunded Liabilities. The current future tally of the unfunded liabilities of Social Security, Medicare and Medicaid is nearly $99 trillion.

4. Growth of government. The expansion of the government’s involvement in the economy is (and will be) massive. Taxes, regulations, controls, spending, etc. at all levels of government (both domestic and international) will be problematic by an order of magnitude that the private sector will not be able to tolerate.

Think about it for a moment. The past few months have shown us what a few trillion in bad debt and derivatives can do to the market. The Dow is down several thousand points in the past few months and is down nearly 40% since hitting its all-time high in October 2007 of 14,164.53. What will happen to the stock market when many multi-trillions of debt, derivatives and unfunded liabilities start hitting us like a powerful vortex in the coming years? The economy is extraordinarily weak right now and it would not take much to see millions of hard-working folks get devastated. It is time to prepare. America needs to know what is coming. Some of these events are now unavoidable so being fore-warned and getting prepared is crucial.

Here are my forecasts for what I believe is coming during the next few years:

1. You will see an inflationary depression that will be evident by 2010. Maybe I’ll be off a few months either way but an inflationary depression is almost guaranteed. Why? The latest batch of elected officials see government intervention as either a moral good or a necessary evil. The most likely policy initiatives that we will see in the coming months will be government controls, increased taxes and extraordinary “money” creation (inflating the money supply). In fact we have (and will) see trillions of new dollars will flood the economy in the coming months. This will probably cause the stock market and some economic indicators to rise and give the illusion of economic health during early 2009. This will cause many commentators to proclaim that we are coming out of the current recession. People will think that government intervention worked. Typically, government intervention only alleviates some of the symptoms in the short-term while postponing the problem(s) toward the long-term. Right now many commentators are calling the current economic environment “deflationary” but it is massive de-leveraging by huge financial entities that are selling off everything from stocks to commodities to accrue cash and stave off bankruptcy. As trillions of dollars flood into the economy, that condition will change. If they report the statistics properly, then we will see a contracting economy (measured by GDP) coupled with rising prices. A good example of this is Venezuela where that economy is struggling while their inflation rate is currently over 36% (as of October 2008). The government, in an attempt to revive consumption and job creation will increase the money supply by an order of magnitude never seen before in this country. Seeing the inflation rate soar to 20% and beyond during 2010 (or 2011) is a solid bet.

2. Unemployment in the private sector will soar into double-digits by 2010. As the recession morphs into a depression and as the government grows partly as a “solution” to economic difficulties, the increased burdens of government (taxes, controls, spending, etc.) will grow to burdensome levels for both consumers and businesses. Government spending on unemployment benefits and “make work” projects will soar to address the large job losses in the private sector. Right now you should re-assess your job, your company and your industry to see if you are at risk.

3. More state and municipal governments will be federal bailout candidates. I forecast this condition many months ago in my national seminars but recently this became headline news so it’s not such a great forecast new.. California and New York State are already seeking taxpayer money from the Federal government. However, we will see much more of this. During 1995-2008, many state and local governments over-extended themselves. Because they thought that good times (and housing booms) would last indefinitely, they took on more spending and more borrowing. Many of these jurisdictions will be forced into either spending cuts, higher taxes or both. Some will be forced into bankruptcy. Because of these events, there will be some areas that will experience social unrest due to difficult financial conditions.

4. Commodities will be in the next leg of their long-term bull market starting in 2009. Commodities such as oil, grains, precious metals, etc. had a great upleg in early 2008 and then had a brutal correction during the second half. Although much of it is attributed to deflation and “demand destruction”, these conditions are short-lived. Why? Two basic reasons; shortages (supply destruction) and rising inflation. Since government policy makers will make every effort to avert an economic contraction, they will flood the economy with inflation and renewed government spending. Economic policy decision-makers at the federal level think that “increased consumption” is the key to economic growth because they are influenced by the Keynesian school of economics. The world hasn’t figured out yet that John Maynard Keynes’ policies are flawed and dangerous. The bottom line is that conditions are ripe for commodities to resume their bull market and reach new highs during 2009-2010. As an offshoot of this, you will also see conflicts across the globe tied to natural resources as countries with growing populations need more food, water, etc.

5. We will see oil hit $200 as Peak oil becomes obvious to all during 2009-2012. Don’t be fooled by the recent drop in oil from $147 in the summer of 2008 to $50 during November 2008. the recent data from the world energy market indicates that oil depletion (“supply destruction”) is far more severe than the recent headlines blaring the misleading condition of “demand destruction”. The most severe energy crisis in history is in my mind an unavoidable certainty during the next few years. America needs to go full-bore toward energy independence since we will have no choice. This energy crisis will be very difficult to get through and will cause tremendous social and economic difficulty.

6. International conflicts over natural resources will hit the headlines during 2009-12. As governments across the globe seek to address the wants needs of their growing populations, there will be aggressive competition for the world’s limited resources. Natural resources will be seen as strategic as well as economic. National and economic security for America will be a vital concern.

Now you can see why I refer to it as a “Financial Vortex”. We pray for our country and we hope to get through this with a minimum of suffering but it behooves all of us to be ready. It is better to prepare for problems that may occur than to ignore reality and be set up for pain. Although the Financial Vortex conference will be held in New Jersey on December 6, 2008, let me share with you a few of the strategies that will be covered that day:

1. Buy gold and silver bullion. Yes… there have been physical shortages reported but that shouldn’t stop you from getting some for your portfolio. Precious metals retain their value during a period of economic uncertainty and rising inflation.
 
2. Keep a cash cushion. Have money set aside in a safe venue such as a treasury money market fund. This is not for long-term purposes since inflation will be a major issue; it is there for an emergency fund for day-to-day needs.

3. Shift your retirement portfolio into stocks and ETFs tied to “human need” such as food, water, energy, etc. These companies and sectors will have a better time surviving the coming years than other sectors that are problematic such as real estate, financials and cyclicals (such as autos and other “big ticket” items). I believe that much of the conventional stock market will get slammed.

The Financial Vortex is coming. Millions will be blindsided but those that prepare will survive and even thrive. I am doing my conference primarily because I want people to be safe and do those things that will ensure greater financial security. It is also why experts such as David Morgan, Jay Taylor and Roger Wiegand will join me that day so that people can get specifics on what to expect and how to prosper. The bottom line is that it is better to be safe than sorry.

Copyright 2008. Paul Mladjenovic. All rights reserved.


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: 111th; bho2008; economy; getready; liberty; money; predictions; survivingobama
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Economic policy decision-makers at the federal level think that “increased consumption” is the key to economic growth because they are influenced by the Keynesian school of economics. The world hasn’t figured out yet that John Maynard Keynes’ policies are flawed and dangerous.

There's a hard lesson coming.

1 posted on 11/28/2008 4:21:26 AM PST by ovrtaxt
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To: ovrtaxt; LegendHasIt; TigerLikesRooster; rabscuttle385

ping!


2 posted on 11/28/2008 4:22:19 AM PST by ovrtaxt (It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
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To: ovrtaxt

btt


3 posted on 11/28/2008 4:32:36 AM PST by marvlus
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To: ovrtaxt

There is a hard lesson coming for sure, but the stock market will increase under Obama’s term as it is so low now that it will increase and he will be applauded for it.


4 posted on 11/28/2008 4:32:44 AM PST by napscoordinator
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To: Gabz; GOP_Lady; Madame Dufarge; metesky; Eric Blair 2084

Interesting but chilling.


5 posted on 11/28/2008 4:37:48 AM PST by The Ghost of Rudy McRomney (Stuck Between Barak and a Hard Place(Pelosi))
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To: ovrtaxt
"There's a hard lesson coming. "

Seems like it is here already.

Also, although there is some truth in what this fellow is saying he is a scamster and should be avoid. Here are 2 reasons why:


6 posted on 11/28/2008 4:39:26 AM PST by trek
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To: napscoordinator

Maybe in nominal numbers it will increase, but the dollar will be worth so little, it will be a net loss.


7 posted on 11/28/2008 4:41:32 AM PST by ovrtaxt (It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
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To: trek

What’s the net amount? I’ve seen this discussed before, but I don’t remember the specific numbers.


8 posted on 11/28/2008 4:43:39 AM PST by ovrtaxt (It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
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To: ovrtaxt

Firearms and ammunition are the best investments right now.


9 posted on 11/28/2008 4:43:50 AM PST by exnavy (keep praying!)
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To: ovrtaxt

The long held axiom of “Don’t fight the Fed” should result in a near term rise in the stock markets. The professional investors do not know what the infusion of trillions of new dollars into the market will bring, but they know from the past that when the Fed injects dollars into the monetary system stocks do go up.

I tend to agree with the author that such a rise in stock prices will be short lived. Soon the rise in commodity prices will overwhelm the companies and their profits will go down.

As things stand today there is simply too much productive capacity in the world and it has the capacity to supply far more than the consumers want or need.


10 posted on 11/28/2008 4:47:40 AM PST by Presbyterian Reporter
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To: ovrtaxt
I used to like bullion coins - silver dollars, gold dollars and collectible coins, as they are easily identifiable and in small and easy to break up packages that are easily identifiable anywhere.

Bullion is tougher to deal with unless you have tons of it.

The problem with bullion is that if you need to 'spend' it or sell it, it's like breaking a $1000.00 bill.


11 posted on 11/28/2008 4:49:01 AM PST by Bon mots
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To: The Ghost of Rudy McRomney
America needs to go full-bore toward energy independence since we will have no choice.

Well, we're off to a good start, aren't we?

Obama promises to bankrupt coal industry

12 posted on 11/28/2008 4:49:10 AM PST by Madame Dufarge
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To: ovrtaxt

Interesting how often the most common sense precautions are not mentioned. If anyone is intelligent, he will move heaven and earth to get out of debt and not buy anything that he can’t afford to pay for in full.


13 posted on 11/28/2008 4:50:58 AM PST by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified DeCartes))
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To: ovrtaxt

That could be true but remember we are not talking about intelligent FREEPERS but Sheeple who won’t know enough to realize that. But you are certainly right as always!


14 posted on 11/28/2008 4:51:29 AM PST by napscoordinator
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To: exnavy

Yep, I’ve been saying precious metals- gold, silver and lead.


15 posted on 11/28/2008 4:52:53 AM PST by ovrtaxt (It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
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To: Presbyterian Reporter

I think a lot of this depends on how quickly emerging economies can create a consumption base at home.


16 posted on 11/28/2008 4:54:09 AM PST by ovrtaxt (It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
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To: ovrtaxt

The man is right about civil unrest, he just understates the matter a little.


17 posted on 11/28/2008 4:54:16 AM PST by exnavy (keep praying!)
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To: ovrtaxt
We don't really know because the market is opaque. That is the real problem.

But we do know the answer for specific cases where the underlying debtor has already defaulted. So for example in the case of Lehman Bros. as I recall the nominal outstanding value of the credit default swaps when it failed was something like $360 billion. But when netted out the actual amount paid was something like $6 billion.

18 posted on 11/28/2008 4:55:48 AM PST by trek
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To: napscoordinator

lol no kidding-

“the dow is 20,000, yay! Obama is a genius!

Uh, could you spare a can of beans?”


19 posted on 11/28/2008 4:56:33 AM PST by ovrtaxt (It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
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To: ovrtaxt
Total debt to GDP is the same today as it was in 1945.

The article is fact-challenged in every respect, peddling myths and nonsense. Chicken little journalism at its worst.

20 posted on 11/28/2008 4:58:46 AM PST by JasonC
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To: trek

6 billion? Oh heck, that’s nothing! lol

Funny how these HUGE numbers are getting smaller in our own eyes, just through the course of discussion.

But thanks for clarifying that point. This is why I post articles like this, the education is priceless. It’s worth, like, a gazillion dollars. :)


21 posted on 11/28/2008 5:00:25 AM PST by ovrtaxt (It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
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To: ovrtaxt

Well, this is a happier outcome than Gerald Celente’s TEOTWAWKI scenario.


22 posted on 11/28/2008 5:01:31 AM PST by OpusatFR (Neither Republican or Democrat. Monarchist with allegience to The Only One.)
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To: ovrtaxt

bump


23 posted on 11/28/2008 5:03:22 AM PST by WhirlwindAttack (Reap the whirlwind)
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To: JasonC

The fact that keeps coming back to me is our lack of valuable production capacity. When the dust settles, we still don’t make very much that other people want to pay for, except food. Lots of R&D though, (and empty factories) so at least we have something to work with.

The politicians continue to think that consumption is the key to wealth. This is stupid beyond belief.


24 posted on 11/28/2008 5:04:16 AM PST by ovrtaxt (It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
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To: OpusatFR

link?


25 posted on 11/28/2008 5:05:01 AM PST by ovrtaxt (It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
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To: JasonC
There is no myth or nonsense re the state of our entitlement programs. SS goes into the red in 2017 and Medicare/Medicaid, which are in far worse shape hit the wall around 2013.

In 1950, there were 16 workers paying Social Security taxes for every retired person receiving benefits. Today there are 3.3. By 2030, there will be only 2. By 2030, there will be 70 million Americans of retirement age--twice as many as today.

And the author fails to mention the impact immigration is having on our economy and what an amnesty would mean. Then there is the proposed cap and trade program that both Obama and McCain favor, which will wreck our economy even further by rasing the price of energy, the lifeblood of any economy. We re headed for a major financial train wreck.

26 posted on 11/28/2008 5:08:05 AM PST by kabar
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To: ovrtaxt
We make $14.3 trillion in new value every year. You've imbibed too much leftist slander koolaid.
27 posted on 11/28/2008 5:11:08 AM PST by JasonC
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To: exnavy
IMO you are correct.


As far as bullion goes?

Sure get plenty ... chicken & beef bullion, that is.

28 posted on 11/28/2008 5:13:12 AM PST by G.Mason
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To: kabar
Government hot air that can't be performed won't be performed. Who cares?

All services anyone enjoys are performed not by the government, but by private workers. The private workers of the future and only them, will support everyone alive in their own day. Nothing anyone does today can change that one iota.

As for "retirement age", is that encoded in your DNA somewhere?

If you can afford to retire, go ahead if you feel like it. If you can't, work for a living like ordinary people.

29 posted on 11/28/2008 5:13:36 AM PST by JasonC
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To: ovrtaxt

http://www.youtube.com/watch?v=46MEqEgdLTg&feature=related


30 posted on 11/28/2008 5:16:35 AM PST by OpusatFR (Neither Republican or Democrat. Monarchist with allegience to The Only One.)
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To: ovrtaxt

bump


31 posted on 11/28/2008 5:20:21 AM PST by FBD (My carbon footprint is bigger then yours)
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To: ovrtaxt

LOL!!


32 posted on 11/28/2008 5:22:37 AM PST by Misterioso ( "Socialism is an ideology. Capitalism is a natural phenomenon.")
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To: JasonC
Government hot air that can't be performed won't be performed. Who cares?

Oh, sure. When the welfare class get their relatively tiny wealth redistribution checks which won't buy much anymore because inflation has gutted the dollar, who cares. Right. This is exactly why ammo is a good investment.

33 posted on 11/28/2008 5:22:52 AM PST by ovrtaxt (It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
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To: ovrtaxt
Thanks for your clarification.

I did not mean to imply that the problem is small or does not exist. The problem is definitely real. But as I tried to address in the original post, the uncertainty over who owes who what is acting as a huge amplifier on the forces riling the credit markets. This is crucial, because if you don't diagnose the disease you are unlikely to offer a proper cure.

For example, if the problem in the CDS market is a lack of transparency then what is called for is a regulated central clearing house for these instruments. Giving hundreds of billions of dollars of government money to every potential party that might default may be good for the gangsters who got us into this mess, but it does not address at all the real problem.

Given the sorry state of the nation I suspect we won't get the transparency we need until after the crooks have bankrupted the treasury because they need the fear and panic to keep the public and its representatives compliant.

34 posted on 11/28/2008 5:28:48 AM PST by trek
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To: JasonC
Government hot air that can't be performed won't be performed. Who cares?

What exactly does that mean? There are 55 million people in this country drawing SS benefits to the tune of $600 billion a year and 75 million on Medicare/Medicaid. And many of these people have relatives who are not using the program. So at least half the population of the country is affected. The politicians certainly care along with the people affected.

All services anyone enjoys are performed not by the government, but by private workers. The private workers of the future and only them, will support everyone alive in their own day. Nothing anyone does today can change that one iota.

Government, federal, state and local, is now the largest employer in the country--and it is growing. There are about 20 million government employees. The government does provide services, e.g., law enforcement, schools, fire fighting, water treatment, road maintenance, etc.

As for "retirement age", is that encoded in your DNA somewhere?

No, it is encoded in laws and regulations that determine benefits, pensions, etc.

If you can afford to retire, go ahead if you feel like it. If you can't, work for a living like ordinary people.

I am already retired on a government pension plus SS. I retired 10 years ago at 56. My pension is over $100K and I will be receiving a $6,000 raise on Dec 1 payable on January 1. So you continue to bust your butt and pay your taxes so I can enjoy my annual raises. And if they have to raise your taxes to do so, then deal with it. Thanks. I hope you can enjoy similar benefits when you retire, if that is ever possible. Hopefully, they will raise the retirement age to protect those of us already receiving benefits.

35 posted on 11/28/2008 5:31:07 AM PST by kabar
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To: OpusatFR

Crap, that guy is darker than Dracula. I've heard of him before, but I have to take a closer look.

36 posted on 11/28/2008 5:42:27 AM PST by ovrtaxt (It is better for civilization to be going down the drain than to be coming up it. ~Henry Allen)
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To: kabar

Until the Government defaults.


37 posted on 11/28/2008 5:43:48 AM PST by screaminsunshine (.)
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To: ovrtaxt

bump for later...


38 posted on 11/28/2008 5:44:18 AM PST by zwerni (this isn't gonna be good for business)
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To: ovrtaxt
Funny how these HUGE numbers are getting smaller in our own eyes

The late senator from Illinois, Ev Dirksen once said "A billion here, a billion there, pretty soon you're talking about real money". (Or words to that effect).

39 posted on 11/28/2008 5:44:24 AM PST by Don Carlos (You can touch a nun once or twice, but don't get in the habit.)
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To: sarasota

ping for later


40 posted on 11/28/2008 5:44:29 AM PST by sarasota
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To: ovrtaxt

As the government house goes under, micro-economies willl spring up as people lose faith in Big Brother. Barter, trade, cash, alternative local monies will come into being.

Some of these alaternative models will flourish. My guess is that the economies in conservative states will thrive, while liberal states will collapse. And as the collectivist states collapse, they will make an effort to steal wealth from productive states.

The number one strategy should be removing yourself and your family from states run by Marxist/liberalls, and settlle into an area with strong Christian values, respect for famillies and a commitment to private property. This is where America will be reborn.


41 posted on 11/28/2008 5:48:18 AM PST by sergeantdave (We are now in the Age of the Idiot)
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To: screaminsunshine

When that happens, I won’t be the only one with a problem.


42 posted on 11/28/2008 5:55:23 AM PST by kabar
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To: ovrtaxt
The politicians continue to think that consumption is the key to wealth. This is stupid beyond belief.

Yeah, but is the economists, lending institutions, and wall street who put that stupidity in their heads.

"The unemployment rate has remained low, at 4.5 percent. A recent report on retail sales shows a strong beginning to the holiday shopping season across the country -- and I encourage you all to go shopping more." G.W. Bush\December 20, 2006.

43 posted on 11/28/2008 5:58:22 AM PST by Realism (Some believe that the facts-of-life are open to debate.....)
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To: ovrtaxt

“Crap, that guy is darker than Dracula.”

Yup. Almost triggers my 30 Minute Nuclear Annihilation Response:

Lawn chairs, backyard, bottle of vodka, pack of smokes (carton would take too long), and a bag of interesting tiny leaves and rolling paper.


44 posted on 11/28/2008 5:59:56 AM PST by OpusatFR (Neither Republican or Democrat. Monarchist with allegience to The Only One.)
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To: Don Carlos

When we start to hear Quadrillion tossed around we will know we are done for. I predict quadrillion being heard around 2011. It will take quadrillions to pay off the world bailout.


45 posted on 11/28/2008 6:05:55 AM PST by screaminsunshine (.)
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To: ovrtaxt
I'm by no means an economist, but just focusing on the hard math tells a story that everyone should pay attention to.

>The Feds are printing and borrowing money at a record pace. Flooding the economy with paper will almost certainly drive inflation in the long term.

>Baby boom generation has begun to retire and is projected to cause entitlement outlays to increase substantially.

>We are a consumer nation rather than a savings and investment nation. Personal savings and investment are at all time lows.

>American manufacturing has been devastated. America has lost millions of good paying positions. The economy has rapidly shifted to a service based economy, leading to the largest shift of wealth in world history from America to foreign entities.

>Foreign countries have purchased massive amounts of American debt, invested billions into American financial institutions.

>The almost certain push for Amnesty of over twenty million illegal aliens in this country will add billions to the national debt through increased entitlement programs and massive taxpayer giveaways such as the earned income tax credit.

>As the recession deepens (I pray that it does not), more and more layoffs will occur, this in turn will slow consumption.

It is my opinion that the federal government bailed out the wrong segment of our economy. It is the American taxpayer that should have received billions upon billions of dollars.

Just another wealth redistribution scheme led by the republicans and supported by both sides of the isle.

This government of ours is out of control. I hear so many complain that the democrats are gonna do this and that. Has it not been the republicans that have rallied the move toward socialism?

It's time for American middle class to form or support an alternate conservative party that's primary focus is on America and her health and well being.

Enough is enough....stop supporting either of these power hungry parties. Neither the democrats or republicans are on our side....the side of the American middle class.

46 posted on 11/28/2008 6:13:49 AM PST by servantboy777
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To: ovrtaxt
"The fact that keeps coming back to me is our lack of valuable production capacity."

I recall reading an analysis of Germany's collapse after WWI that stated that the vast destruction of it's production capacity had a major impact on the massive inflation it suffered. I.E. that it needed goods produced but, since it produced very little, Germany was forced to buy them from "producing countries". Germany, having no production capability of it's own, was forced to pay higher and higher prices.

I have my problems with the domestic auto industry, but I share your concerns about the massive loss of manufacturing capability which has taken place. Once we lose this production knowledge we will never get it back.

And by "production knowledge" I don't mean the assembly line. I mean the knowledge that goes into research, design, building the machinery, tooling, process design, the educational and training infrastructure that supports production, etc.. I am concerned that as we lose more manufacturing capability we've also lost citizens who, picturing only the assembly line, fail to understand all that we are losing.

47 posted on 11/28/2008 6:16:05 AM PST by LZ_Bayonet (There's Always Something.............And there's always something worse!)
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To: ovrtaxt

Keep in mind that Republicans-not conservatives and not just RINO’s-have been very much a part of this. Those who thought tell that all we had to do was cut taxes while we continued insane spending. Those who promoted government programs just as long as they had a “conservative” spin such as faith-based welfare. What Republicans are to the right of FDR or LBJ. That is people who have wanted to take us to the days before these monsters.


48 posted on 11/28/2008 6:18:46 AM PST by all the best
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To: ovrtaxt

No, it’s going according to “plan”, namely to offshore any “polluting” industries. It’s for “the environment”. Hm.


49 posted on 11/28/2008 6:27:09 AM PST by Freedom4US
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To: ovrtaxt
This guy is predicting a financial Armageddon. If that is true and the unemployment becomes over 10%, then you can COUNT on CRIME rising to match the unemployment rate. If that many people are out of work, the government will not be able to keep pace with it, then these people will submit to crime. Crime against businesses, but more likely crime against home owners, especially those who are old or cannot or will not defend themselves. THE AGE OLD THING IS TO BE READY. To protect yourself, your family, your home and property, get armed, get plenty of ammo and be prepared to defend your turf. If it really comes to these bad times, the world is full of criminals just waiting to take advantage. This predicted huge unemployment will only breed more and more of them. Your life is IN YOUR HANDS. Be warned, be armed, be prepared.
50 posted on 11/28/2008 6:29:03 AM PST by RetiredArmy (NOTE TO REPUBLICAN POLITICIANS: PLAY THE CONSERVATIVE CARD!!!)
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