Solid predictions come true in 2009. More predictions to come true in 2010. It is simply a matter of time before economic meltdown.

Doug McIntosh explains THE HOW AND WHY. Based on the basics of economic reports...this is short and to the point...and easy read. You should check it out.

WHY THE USA ECONOMY WILL FAIL IN 2010

"The only reason the political and economic system didn't collapse in 2009 was the vile beast called the Federal Reserve openly manipulated both the stock and Treasury markets."

Pretty good praise for the Fed. I agree with him here.

"The other big reason was the "stimulus bill" kept the fiat money IV tube flowing into the desiccated corpse called state, county and city government."

And praise for the stimulus.

The Fed and stimulus saved the economy from depression.

I've been saying this for months.

As far has his predictions, here is his predicting imminent depression. In 2002.

http://www.lizmichael.com/meltdown.htm

My anti virus program is telling me to get away from this site as soon as possible.

It clearly doesn't give any credibility to the site either, so one inanimate object and one with limited intelligence have both come to the same conclusion.

I believe that Crazy Boy Beck and Low IQ Hannity said unemployment would be 30% by now. Unemployment is down and considering it winter that is a good sign

Also less that 1/3 of the stimulus has been spent. All indicators are that there will be even more job growth in 2010.

The bleeding has been stopped and the turn around is beginning. This won't be as robust as the recovery under Clinton because he only had 4 years worth of Bush damaged to fix. Obama is faced with a much bigger mess than Clinton was handed but we are finally headed in the right direction. Now that the tax cuts to the rich are back to the tax rate we had under Clinton and Reagan the economy will grow and we will pay down the debt just like we did under Clinton.

8 years of Bush was devastating.
http://www.barack-obama-now.com/pix-...b_creation.jpg

Solid predictions come true in 2009. More predictions to come true in 2010. It is simply a matter of time before economic meltdown.

Dont believe half the the lies these so called financial experts say

Remember the eternal truth of G.B.SHAW

If all economists were laid head to toe ---They still wouldn't reach a conclusion

The Fed and the bailouts haven't solved the problem, they've only delayed an inevitable depression. See recessions actually should be met with delight by a free economy because a recession is a correction. It's the markets way of saying whoa whoa whoa, resources and labor are going in the wrong directions, it needs to stop. But the Fed and the bailouts do not let this natural process occur, and the market continues to use resources in unproductive ways and make society poorer. Everything our government has done has not solved the problem, it just has pushed it off until a later time when it will be much, much worse. Eventually the laws of economics will be too strong for government intervention and that's when the (*)(*)(*)(*) hits the fan. It's like walking up a mountain, and at some point you must jump off because you're going the wrong way. A small recession is when you jump 2 ft, and it's a piece of cake. However if you are deluded into thinking you're going the right way it will be a much longer jump when you realize taht you've gone wrong, and more damage is done. The government isn't allowing us to jump (which in this metaphor is unavoidable). We're going up and up and when the government isn't strong enough to confuse us anymore, we must jump and it will hurt. The best thing we can do is jump now because there's no easy way out, and delaying the jump only makes it worse later on.

Big rant, sorry if I came off rusty. Let me know if you want me to clarify anything.

__________________
"All that exists is One. People only call this One by different names". - VEDAS

"War is so unjust and ugly that all who wage it must try to stifle the voice of conscience within themselves." - TOLSTOY

I think you were quite clear and I agree. I see we are in the company of tax and spend believers....what a ridiculous idea that we can take everyone's money and then give it back to them and then call it "recovery"

The problem is...we are probably nearing about 20% unemployment in the real world...not in Obama la la land.

I am certainly not afraid to work...and the I certainly have great experience and skills and education. But the economic recovery is costing me dearly because it is costing everyone else dearly as well...

When will the people wake up and start moving towards fiscally conservative spending again? We can not support the up up up trend...it has never made sense to me.

It only makes sense to materialistic, selfish, spoiled Americans if you ask me. If you are not preparing for economic hard times...when money becomes worthless...you are a fool..

And as far as previous predictions in 2002...perhaps he was just a little ahead of the game...we are in very very uncharted territory as a country and as an economy at this dark hour...

If you are right...good for you. I hope things get better. I always say prepare the worst and strive for the best.

God Bless.

watchman220

Spending what we have > Tax and spend > Borrow and spend.

Impossible (atleast with the current short sighted demographic of consumers), possible but painful, possible and painless.

Beneficial, slightly harmful, bailout.


Long story short, no economic theory will cure rampant, out of control, US consumerism.

How so? What will cause banks to reckless lend and housing prices to overvalue about 100% and causing a collapse of the credit markets again?

Who the hell delights in people losing their jobs?

Folks with pleny of assets maybe. They can squeeze cheaper labor and buy stuff at a discount.

Checked housing prices lately?

How so?

You can go jump off the mountain. I'll take the 2 ft. Thanks.

[qutoe]
Big rant, sorry if I came off rusty. Let me know if you want me to clarify anything.[/quote]

Pretty much everything.

There is currently no evidence to suggest the bleeding has stopped and recovery has begun.

__________________
It is the duty of every American to protect his country from it's government -- Thomas Paine

All tyranny needs to gain a foothold is for people of good conscience to remain silent. -- Thomas Jefferson