How bad will it get?????

[fdjake]

Take look at this web site.  Watch the short video at the top.

www.trendsresearch.com

Gerald Celente has been spot on in his predictions for over a decade.
This guy looks at trends in EVERYTHING.  Politics, economics, social trends, the works.

Once you watch the video on his site which gives you a brief run  down of past trend predictions, check out this video....

http://www.youtube.com/watch?v=9nJ7LM3iyNg

I'm not saying I agree with everything he says, but man.....This guy's track record is very hard to argue with.  If he's right....

We might look back on early 2009 as...

"THE GOOD TIMES."

It's about being PREPARED...........Instead of buying into all this stimulus/bailout BS.

If you don't absolutely NEED IT....Don't BUY IT!!! 

The REALLY tough times haven't even started.......But they're coming....SOON.

[JakeRodgers]

I just finished watching the video on his site. I admit that I've never heard of the guy before, but that is SCARY how he's able to predict stuff before it happens...I think I'm gonna pay some more attention to his trends from now on...

[Liquidity]

I agree with some his points.

I think the next industry and breakthrough technology are the same. he mentioned health care as a growth industry, i agree and ill go further with it and say stem cell research will be our biggest advance. the stuff they can do with it is amazing and i see huge potential with it.

the guy seems like hes a fear monger if you ask me though, he seems to always be pushing gold.


i also dont see how the commercial real estate collapse could dwarf the residential.  there's no way that could be true. people's homes are a large part of their net worth. also Its people's HOMES not an income producer.

[fdjake]

I agree with you. He makes some good points but goes a  little over board on somethings.

Stem cells are definitley the future.

I watched a documentary last year about a German Cardiologist who had perfected a stem cell treatment for heart attack victims.  When a heart attack occurs the actual heart muscle itself dies.  This lowers the ability of the remaining GOOD muscle to pump blood.

The German Doctor harvests stem cells FROM the heart attack patient's own bone marrow.  These stem cells are then injected into the area of the Patients heart where the dead muscle tissue is.  This is done using a cardiac cath.  The amazing part was the patient was actually awake during the entire stem cell treatment.  Because the stem cells are from the patients own body there is NO rejection medication ever needed.  In EVERY case...Patients had HUGE increases in actual HEALTHY heart muscle.  The stem cells regenerated that dead tissue!!!  In some cases to 100%!

Amazing........

Can you imagine how valuable CORD BLOOD will be in the future??
Cord blood is loaded with SUPER STEM CELLS....If you plan on, or are having children SAVE THAT CORD BLOOD!!!  The things they'll be able to use that blood for in the future will be mind boggling.

As far as Celente's predictions on Commercial Real Estate going bust......I think he hit that one right on the head....He's not the only one...

http://www.financialsense.com/editorials/casey/2008/1124.html

But you are right.....The Residential side of this bust is bigger than the commercial will be.

[PositiveOutlook]

How bad will it get?  You mean, how bad it actually is....

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=88851

...and these idiots in Washington just signed a law the LARGEST spending bill in HISORY WITHOUT even looking at the details of the bill!...

http://www.youtube.com/watch?v=CvnwOjDjnH4

The bill ballooned from the 700+ pages to over 1100 over the last few days.  And they voted for it WITHOUT READING THE CHANGES.  You can only imagine what they threw in there.  And the Dems broke yet ANOTHER promise about giving the pubic 48 hours access to the Bill BEFORE voting for it.  Why do you think they did this?  Because they know full well, the voters stomach's were souring on this thing BEFORE they made all the changes.

Absolutely CRIMINAL and I would argue... Treasonous!  If Obama signs this into law, he will have shown the same utter disregard for the taxpayers as the Dems just did.. so much for "transparency"

And Geiithner, the tax cheat, wants to use 2 TRILLION DOLLARS on top of the $700+ BILLION they had in the original con-job know as TARP. WITHOUT giving details, hearings, etc. until I quote - "we get it right" - IF YOU DON"T HAVE IT RIGHT, HOW DO WE KNOW WE NEED 2 TRILLION!

Mind boggling...

[PositiveOutlook]

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=88851

I LOVE this last line in the above article -

"The federal government is bankrupt," Williams told WND. "In a post-Enron world, if the federal government were a corporation such as General Motors, the president and senior Treasury officers would be in federal penitentiary."

...so true, and yet we're ready to let them preside over administration of the healthcare industry... AAAAGHHHH!

[allagash]

fdjake....

Thanks for posting.

If you listen to Bernanke whenever he's testified or given a speech....and when someone asks him about a comparison with THIS and the Depression era of the '30's....he always has given a smirky response...to the affect that THIS in no way compares to how bad it was back THEN.

It's as if he's wearing his academic teacher's silver star....for knowing more about the 30's Depression...than anyone else.

One thing that I pointedly like about Celente's interpretation of the comparison of the two....is that back THEN.....there were no...or little... home equity type loans.....much more of a cash basis economy.

That, in itself, points to the magnitude of how THIS is much worse than THAT, (30's). 

Subprime, McMansion's, Commercial.....Leverage/Debt cripples.

We need to get back to exporting good tangible products....not toxic stuff that makes a quick buck.

-Mike

[fdjake]

I agree Mike.

I think we have ONE SHOT here, and ONE SHOT ONLY.

Forget the bailout BS......

Right now....What we need is a Federal & Private effort to develope alternative energy systems.

I'm not talking about the tree hugger BS.  I talking about REAL PROVEN technology that WORKS!!

Tidal.......That high and low tide thing has been VERY PREDICTABLE for a few million years...WHY NOT HARNESS IT???  Even WAVE movements can be harnessed.

WIND....Yep....It's got draw backs....But come on,  we put men on the moon 4 decaeds ago!!!  I'm pretty sure we can tackle this one.

Solar.....Yep...loads of draw backs...BUT...again...That sun has been pretty darn reliable for a few MILLION YEARS....Let's USE IT.

The future may be unclear but ONE thing isn't......

This planet is about to explode as far as energy demand goes.  If we had a concerted effort like we had when we raced to put a man on the moon, there is NO WAY anyone beats us to this. 

Build the systems and sub systems HERE....SELL THE PRODUCTS AROUND THE WORLD!!!!
Think about the potential markets for this......UNLIMITED UPSIDE!!

[InvstrPaul]

I love it in the 1st video how they show that clip from "The Road Warrior".  Buy up some gas and bullets for the Apocalypse so you'll be rich in the wasteland.

I think things will be bad but I'm still not convinced it will be end of the world bad...guess we'll find out soon enough.

[phlemboy]

I find it interesting that when consumers increase their savings and reduce their DEBT purchases, it sends the econonomy into a freefall. Look what the lack of credit does to the GLOBAL economy. The govt. says we should spend money to get the economy going but its that spending (on credit) and lack of savings (reserves) that helped create this mess. How many foreclosures could have been avoided if people didn't max out the inflated, false equity in their home to pay off the credit cards, that they used to buy things they didn't need? I've talked to several lenders and their requirements are where they should have been all along. Good credit, stable income and 10 - 20% money down. But this current credit is being called a "crisis". I gues it is a crisis when an economy has such a large dependence on credit. I don't expect things to permanently change much in the long term. Consumers and lenders will have short memories and return to their old ways.

[REI_Chris]

You can't help but wonder how close some nations are leaning towards war at this point over resources and economic stimulation. We're teetering on the brink here whether most people know it/ want to acknowledge it or not.

[NoTiceViCtor]

So does that mean I should load up on food cans? It will seem interesting how all this will look for 5 years from now.  lol jk

[allagash]

If you don't absolutely NEED IT....Don't BUY IT!!! 

Wish List:

New fluorescent lighting for home office....$10 bucks.

----

http://www.bloomberg.com/apps/news?pid=20601087&sid=ag9EipPA9zfw&refer=home

-Mike

[HoldAndBuy]

Especially in newer communities where there's such a hodgepodge of different people with little in common, little sense of community. Will people help each other out in a long term crisis or turn on one another?

We're teetering on the brink here whether most people know it/ want to acknowledge it or not.

[propertymanager]

So does that mean I should load up on food cans?

YES!  I have been loading up on canned food for 2 years.  Buy a few extra cans every time you go to the store.  Don't forget some provision for water and other essentials.   Food is great for any emergency, whether that's an economic collapse, terrorist attack, or natural disaster.  Just be sure to rotate and eat the food before it goes bad.

Mike