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Discussion in 'Political Discussion' started by PressCoverage, Mar 5, 2009.

  1. PressCoverage

    PressCoverage Banned

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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

    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: Mar 5, 2009
  2. PressCoverage

    PressCoverage Banned

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    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: Mar 5, 2009
  3. Leave No Doubt

    Leave No Doubt PatsFans.com Supporter PatsFans.com Supporter

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  4. PressCoverage

    PressCoverage Banned

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    Yeah, he came back around this time last year, actually... After nearly dying of a "mysterious illness" in South America...
     
  5. Leave No Doubt

    Leave No Doubt PatsFans.com Supporter PatsFans.com Supporter

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    Ohhh I C :eek:
     

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