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Old 03-05-2009, 01:07 PM   #1
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Default It's starting... addendum...

look, folks... it's over... the American empire lasted 63 years.... if anyone's still denying that we're headed for super depression (very soon) and world war (fairly soon), they're just not paying attention to anything beyond Faux and CNN.

If I've said it before, I'll say it again:

- get local
- learn basic horticulture, maybe even take a survival class as your local college
- invest in metals
- introduce yourselves to your neighbors, establish trust
- think about owning a gun
- if you've scrapped your land line for a cell phone, get it back

Beginning Now: The Panic Phase of the Collapse

by Martin D. Weiss, Ph.D. 03-02-09


Beginning Now: The Panic Phase of the Collapse | Money and Markets: Free Investment Email Newsletter
The panic phase is an acceleration in the economic decline … a chain reaction of debt explosions … a free-fall in the financial markets … and a series of rude awakenings that will accelerate the decline even further:

Rude Awakening #1
In a Collapse, Washington’s Economic
Forecasting Models Are Worthless.


Rude Awakening #2
The Economy Is Sinking Three to
Five Times Faster Than Expected.


Every single step taken by the Bush and Obama administrations has been based on the flawed assumptions embedded in their economic models. They assume that:

* the world economy is not collapsing …

* the banking system is not broken …

* corporations, investors, consumers and entire nations will not take drastic action to protect their own interests, and, therefore …

* we will not see widespread factory shutdowns, wholesale layoffs, mass dumping of assets, or major new trade barriers.

In 2009, the White House predicts the economy will contract by a meager 1.2 percent, while private economists predict a decline of only 2.0 percent.

The grim reality:

* The 6.2 percent plunge in the fourth quarter — plus a similar decline estimated for the current quarter — shows the economy is now sinking three to five times faster than they’re forecasting for the year.

* There is absolutely no sign that the decline is ending and every sign that it’s accelerating.

* Thus, to contain this year’s decline to the meager 1 or 2 percent that the government and private economists are projecting would require a comeback in the second half that’s nothing short of a miracle.

(more to come)...

Last edited by PressCoverage; 03-05-2009 at 01:12 PM..
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Old 03-05-2009, 01:11 PM   #2
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Default Re: It's starting... addendum...

More headlines the major cable news channels hopes Americans miss:

Act 2: From the Wilderness' Peak Oil Blog
(with links to each)
Russian Scholar Says US Will Collapse Next Year

Deja vu. Resurgence of the prediction that made the rounds a few months ago.

Beginning Now, the Panic Phase of the Collapse

Shock and Awe Economics

With about the same degree of success as in Iraq.

Dow Could Hit 4000

Buffett Says Economy in Shambles; Promises Recovery

Buffett Warns America of Onslaught of Inflation
(What a sport)

Record Euro Zone GDP Fall as ECB Meets

German Industry Suffers Collapse in Demand

EU Pledges Eurozone Rescue

European Central Bank to Set Record Low Rates

ECB Cuts Rates to Record Low as Economy Sinks, Job Losses Mount

Europe's Freefalling Property Markets

European Manufacturing Contracts at Record Pace

Economic Crisis Threatens the Idea of One Europe

Eurex to Focus on Europe for Clearing of Credit Default Swaps

Bank of England's Printing Presses Ready to Roll


Ukraine's Naftogaz: Armed Men Enter Headquarters

Infighting Behind Raid

Iran Oil Bourse May Use Russian Ruble

Russia: A Bank Run [October] and Fear of a Repeat

Georgia Appeals to West Over Russian Bases

Russia: Armored Vehicles to the Palestinian Authority


Does New Zealand Face the Fate of Iceland?

South African Manufacturing Declines to Record Low


South Korea's Exports Drop 17.1% on Global Recession

South Korean Won Drops to 11 Year Low

SKorea Reports Record Fall in Industrial Output


India: RBI Rate Cuts Fail to Prop Markets

Citibank Applies for More Branch Licences

Economic Crisis Raising Specter of Public Unrest

World's Most Dangerous Countries

Time to Take the Blame for Unrest

China to Announce Stimulus as Fears of Social Unrest Arise

Where'd they come up with that novel idea?

Riots in Algeria

Armenia Riots

120 Thousand Take to Streets in Ireland

Unrest in Medina

India Pakistan Cricketers Attacked Reax

Where's the Evidence of India Hand in Lahore Attack? Pakistani Media (Hindu News)

Pakistan's Democracy in Peril

Power Play Behind Bangladesh's Mutiny

Gujarat Riots

Malaysia Unrest

Kenya Riots

Deal Ends Weeks of Unrest in Guadeloupe

Racial Unrest in Paris Texas


Half of World's Population Owns a Mobile Phone: UN Study
(See MCR's last entry on necessity of land line)

Surveillance Self-Defense

Pending Home Sales Hit Record Low in January

Construction Activity Falls at Record Pace in February

Bank of America Charges May Surge as Mortgages Marked to Market

Enron redux? On steroids?

Stock Doom and Gold Boom

Last edited by PressCoverage; 03-05-2009 at 01:32 PM..
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Old 03-05-2009, 01:19 PM   #3
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Default Re: It's starting... addendum...

Is Mike R. back? Something seemed to have happened but I hope all's well.

Little humor: Colbertnation | The Colbert Report Official Site | Comedy Central
He's doing a spoof on Glenn Beck's "War Room".
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Old 03-05-2009, 01:22 PM   #4
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Quote:
Originally Posted by Leave No Doubt View Post
Is Mike R. back? Something seemed to have happened but I hope all's well.

Little humor: Colbertnation | The Colbert Report Official Site | Comedy Central
He's doing a spoof on Glenn Beck's "War Room".
Yeah, he came back around this time last year, actually... After nearly dying of a "mysterious illness" in South America...
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Old 03-05-2009, 01:24 PM   #5
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Quote:
Originally Posted by PressCoverage View Post
Yeah, he came back around this time last year, actually... After nearly dying of a "mysterious illness" in South America...

Ohhh I C
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