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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
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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