Where will we as the United States of America be in the last half of 2009 and 2010. There is much speculation pointing towards a more severe economic depression brought on by hyperinflation.
I will resurrect this post every now and again so we can see where are predictions have come true and where they have failed. New predictions are always welcome. I have been interested in Gerald Celente and his trends research lately. I haven't personally subscribed to his quarterly news report, but only read a few trend summaries on his website.
"The Collapse of '09 The "Panic of '08" will be followed by "The Collapse of '09." In 2008, when the world's largest financial firms and equity markets crumbled, Wall Street's woes preoccupied the media. In 2009, the focus will broaden to include a range of calamities that will leave no sector unscathed....."
My take is that the stimulus will prop up the economy for a while but inflation will kick in slowly or be "hidden" by government statistics. Another round of stimulus will surely come as the economy begins to slide downward. Job losses may turn positive in a few months for not for long as employers realize the economy is 100% phony and the worst is yet to come. Taxes will destroy businesses and the country will begin its final descent. When this will occur, I do not know but I suspect it will happen between December of 09 at the earliest to mid or late 2010.
The financials will fail including many conservative financial banks and lenders. I suspect the fed will not be audited and will continue to print money and further destroy our currency. It is inevitable at this point that it will fail or be devalued to a point of basically zero. The government will try to provide at every point, only to form a sense of public reliance. A few already fading majority or near majority trends will be forgotten as the country's mind drifts elsewhere. Global warming and government environmentalism are two big ones. Many under the table trends or trend revolutions will grow and merge with the mainstream including gardening for survival instead of pleasure, city chickens, sustainability, ACTUAL exercise and fitness, and weapons.
However, the gloom will thrive but communities will once again flourish as individual responsibility and good preparedness will act as a people-uniter. By this I mean there will be a resurgence of trust but only among small groups of family, neighbors, etc. We will rely on our meager skills for survival from planting to medical care to plumbing and car repair. I do not know if a revolution will come because the government has grown immensely powerful.
I fear for densely populate cities. I fear for those unaware and ill prepared. My predictions prepare me for what I believe is going to happen. I buy silver because I cannot afford gold.