Just When You Thought it Could'nt Get Any Worse
Dollar in For a Massive Sell-off – In my opinion, the market is now perfectly positioned for a massive dollar sell-off. My gut is that the dollar sell-off will be sharp and swift. Once the dollar decisively breaks below last year’s lows, many of the traders who jumped ship in the recent rally will look to re-establish their positions. This will accelerate the dollar’s descent and refocus everyone’s attention back on the financial train-wreck unfolding in the United States.
The Fed Computers Ready to Fire Up Again – When debt to GDP reaches 90%, as it looks like it will, growth slows and bad things happen.
Can It Go Up Forever? – Here’s one of the only economic charts that really matters: Total U.S. debt to GDP. This chart shows the trend from the end of the Civil War until now.
Housing Collapse Getting Worse – The banking system has captured our government and frustration is boiling over. Yet those in the housing and banking industry seem complacent and even self congratulatory that we “have avoided Great Depression 2.0.” Really?
Retirees More Broke Than Ever – People don’t want to think about this.” Instead, everyone prefers to stick their head in the sand until it is too late to do anything.
Every Bank And Government Will Collapse World Wide – The collapse of currencies and nations won’t happen overnight, because their demise has been planned, and a subtle collapse is in process. Our guess is that next year is when the collapse will finally take place followed by one of the greatest deflationary depressions of all time.
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March 15th, 2010 at 5:14 AM
Retirees more broke than ever – no argument from this early retiree. We're living off our own money with kids still in college, not being old enough to qualify for social insecurity. While I know I'm better off than many, it ain't no life of leisure. Future looks pretty bleak for those that haven't saved and/or prep'd enough.
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March 15th, 2010 at 8:56 PM
Oh it’s going to get worse alright. Just read about U.N. Agenda 21. Sounds like fun,huh? We preach it and no one listens. Get out of debt,save anyway you can,and prepare for the worse. It’s all around us, we better be ready.
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