Predictions for Rest of 2010 from Sundry Sources

10 posts / 0 new
Last post
xraymike79's picture
xraymike79
Status: Diamond Member (Offline)
Joined: Aug 24 2008
Posts: 2040
Predictions for Rest of 2010 from Sundry Sources

Economic Collapse – Martial Law – 24 Experts Warn of 2010 Meltdown

From: Tracy    
Date: Sat, May 15, 2010 at 11:51 AM
Subject: Predictions for the Rest of 2010

   

Predictions For The Rest Of 2010

 

 Bob Chapman
First 6 months of 2010, Americans will continue to live in the 'unreality'…the period between July and October is when the financial fireworks will begin. The Fed will act unilaterally for its own survival irrespective of any political implications …(source is from insider at FED meetings). In the last quarter of the year we could even see Martial law, which is more likely for the first 6 months of 2011. The FDIC will collapse in September 2010. Commercial real estate is set to implode in 2010. Wall Street believes there is a 100% chance of crash in bond market, especially municipals sometime during 2010. The dollar will be devalued by the end of 2010.

Gerald Celente
Terrorist attacks and the "Crash of 2010". 40% devaluation at first = the greatest depression, worse than the Great Depression.

Igor Panarin
In the summer of 1998, based on classified data about the state of the U.S. economy and society supplied to him by fellow FAPSI analysts, Panarin forecast the probable disintegration of the USA into six parts in 2010 (at the end of June – start of July 2010, as he specified on 10 December 2000

Neithercorps
Have projected that the third and final stage of the economic collapse will begin sometime in 2010. Barring some kind of financial miracle, or the complete dissolution of the Federal Reserve, a snowballing implosion should become visible by the end of this year. The behavior of the Fed, along with that of the IMF seems to suggest that they are preparing for a focused collapse, peaking within weeks or months instead of years, and the most certain fall of the dollar.

Webbots
July and onward things get very strange. Revolution. Dollar dead by November 2010.

LEAP 20/20
2010 Outlook from a group of 25 European Economists with a 90% accuracy rating- We anticipate a sudden intensification of the crisis in the second half of 2010, caused by a double effect of a catching up of events which were temporarily « frozen » in the second half of 2009 and the impossibility of maintaining the palliative remedies of past years. There is a perfect (economic) storm coming within the global financial markets and inevitable pressure on interest rates in the U.S. The injection of zero-cost money into the Western banking system has failed to restart the economy. Despite zero-cost money, the system has stalled. It is slowly rolling over into the next big down wave, which in Elliott Wave terminology will be Super Cycle Wave Three, or in common language, "THE BIG ONE, WHERE WE ALL GO OVER THE FALLS TOGETHER."

Joseph Meyer
Forecasts on the economy. He sees the real estate market continuing to decline, and advised people to invest in precious metals and commodities, as well as keeping cash at home in a safe place in case of bank closures. The stock market, after peaking in March or April (around 10,850), will fall all the way down to somewhere between 2450 and 4125 during the next leg down.

Harry Dent (investor)
A very likely second crash by late 2010. The coming depression (starts around the summer of 2010). Dent sees the stock market–currently benefiting from upward momentum and peppier economic activity–headed for a very brief and pleasant run that could lift the Dow to the 10,700-11,500 range from its current level of about 10.090. But then, he sees the market running into a stone wall, which will be followed by a nasty stock market decline (starting in early March to late April) that could drive down the Dow later this year to 3,000-5,000, with his best guess about 3,800.

Richard Russell (Market Expert)
(from 2/3/10) says the bear market rally is in the process of breaking up and panic is on the way. He sees a full correction of the entire rise from the 2002 low of 7,286 to the bull market high of 14,164.53 set on October 9, 2007. The halfway level of retracement was 10,725. The total retracement was to 6,547.05 on March 9, 2009. He now sees the Dow falling to 7,286 and if that level does not hold, “I see it sinking to its 1980-82 area low of Dow 1,000.” The current action is the worst he has ever seen. (Bob Chapman says for Russell to make such a startling statement is unusual because he never cries wolf and is almost never wrong)

Niño Becerra (Professor of Economics)
Predicted in July 2007 that what was going to happen was that by mid 2010 there is going to be a crisis only comparable to the one in 1929. From October 2009 to May 2010 people will begin to see things are not working out the way the government thought. In May of 2010, the crisis starts with all its force and continues and strengthens throughout 2011. He accurately predicted the current recession and market crash to the month.

Lyndon Larouche
The crisis is accelerating and will become worse week by week until the whole system grinds into a collapse, likely sometime this year. And when it does, it will be the greatest collapse since the fall of the Roman Empire.

WALL STREET JOURNAL- (2/2010)
"You are witnessing a fundamental breakdown of the American dream, a systemic breakdown of our democracy and our capitalism, a breakdown driven by the blind insatiable greed of Wall Street: Dysfunctional government, insane markets, economy on the brink. Multiply that many times over and see a world in total disarray. Ignore it now, tomorrow will be too late."

Eric deCarbonnel
There is no precedence for the panic and chaos that will occur in 2010. The global food supply/demand picture has NEVER been so out of balance. The 2010 food crisis will rearrange economic, financial, and political order of the world, and those who aren’t prepared will suffer terrible losses…As the dollar loses most of its value, America's savings will be wiped out. The US service economy will disintegrate as consumer spending in real terms (ie: gold or other stable currencies) drops like a rock, bringing unemployment to levels exceeding the great depression. Public health services/programs will be cut back, as individuals will have no savings/credit/income to pay for medical care. Value of most investments will be wiped out. The US debt markets will freeze again, this time permanently. There will be no buyers except at the most drastic of firesale prices, and inflation will wipe away value before credit markets have any chance at recovery. The panic in 2010 will see the majority of derivatives end up worthless. Since global derivatives markets operate on the assumption of the continued stable value of the dollar and short term US debt, using derivatives to bet against the dollar is NOT a good idea. The panic in 2010 will see the majority of derivatives end up worthless. The dollar's collapse will rob US consumers of all purchasing power, and any investment depend on US consumption will lose most of its value.

Alpha-Omega Report (Trends Forecast)
Going into 2010, the trends seemed to lead nowhere or towards oblivion. Geo-politically, the Middle East was and is trending towards some sort of military clash, most likely by mid-year, but perhaps sooner…At the moment, it seems 2010 is shaping up to be a year of absolute chaos. We see trends for war between Israel and her neighbors that will shake every facet of human activity…In the event of war, we see all other societal trends being thoroughly disrupted…Iran will most likely shut off the flow of oil from the Persian Gulf. This will have immense consequences for the world’s economy. Oil prices will skyrocket into the stratosphere and become so expensive that world’s economies will collapse..There are also trend indicators along economic lines that point to the potential for a total meltdown of the world’s financial system with major crisis points developing with the change of each quarter of the year. 2010 could be a meltdown year for the world’s economy, regardless of what goes on in the Middle East.

Robin Landry (Market Expert)
I believe we are headed to new market highs between 10780-11241 over the next few months. The most likely time frame for the top is the April-May area. Remember the evidence IMHO still says we are in a bear market rally with a major decline to follow once this rally ends.

John P. Hussman, Ph.D.
In my estimation, there is still close to an 80% probability (Bayes' Rule) that a second market plunge and economic downturn will unfold during 2010.

Robert Prechter
Founder of Elliott Wave International, implores retail investors stay away from the markets… for now. Prechter, who was bullish near the lows in March 2009, now says the stock market “is in a topping area, “predicting another crash in 2010 that will bring stocks below the 2009 low. His word to the wise, “be patient, don’t rush it” keep your money in cash and cash equivalents.

Richard Mogey
Current Research Director at the Foundation for the Study of Cycles- Because of a convergence of numerous cycles all at once, the stock market may go up for a little while, but will crash in 2010 and reach all-time lows late 2012. Mogey says that the 2008 crash was nothing compared to the coming crash. Gold may correct in 2009, but will go up in 2010 and peak in 2011. Silver will follow gold.

James Howard Kunstler (January 2010)
The economy as we’ve known it simply can’t go on, which James Howard Kunstler has been saying all along. The shenanigans with stimulus and bailouts will just compound the central problem with debt. There’s not much longer to go before the whole thing collapses and dies. Six Months to Live- The economy that is. Especially the part that consists of swapping paper certificates. That’s the buzz I’ve gotten the first two weeks of 2010.

Peter Schiff (3/13/2010)
"In my opinion, the market is now perfectly positioned for a massive dollar sell-off. The fundamentals for the dollar in 2010 are so much worse than they were in 2008 that it is hard to imagine a reason for people to keep buying once a modicum of political and monetary stability can be restored in Europe. In fact, the euro has recently stabilized. My gut is that the dollar sell-off will be sharp and swift. Once the dollar decisively breaks below last year's lows, many of the traders who jumped ship in the recent rally will look to re-establish their positions. This will accelerate the dollar's descent and refocus everyone's attention back on the financial train-wreck unfolding in the United States. Any doubts about the future of the U.S. dollar should be laid to rest by today's announcement that San Francisco Federal Reserve President Janet Yellen has been nominated to be Vice Chair of the Fed's Board of Governors, and thereby a voter on the interest rate-setting, seven-member Open Markets Committee. Ms. Yellen has earned a reputation for being one of the biggest inflation doves among the Fed's top players." Schiff is famous for his accurate predictions of the economic events of 2008.

Lindsey Williams
Dollar devalued 30-50% by end of year. It will become very difficult for the average American to afford to buy even food. This was revealed to him through an Illuminati insider.

Unnamed Economist working for US Gov't (GLP)
What we have experienced the last two years is nothing to what we are going to experience this year. If you have a job now…you may not have it in three to six months. (by August 2010). Stock market will fall = great depression. Foreign investors stop financing debt = collapse. 6.2 million are about to lose their unemployment.

Jimmy "Doomsday"
DOW will fall below 7,000 before mid summer 2010- Dollar will rise above 95 on the dollar index before mid summer 2010- Gold will bottom out below $800 before mid summer 2010- Silver will bottom out below $10 before mid summer 2010- CA debt implosion will start its major downturn by mid summer and hit crisis mode before Q4 2010- Dollar index will plunge below 65 between Q3 and Q4 2010- Commercial real estate will hit crisis mode in Q4 2010- Over 35 states will be bailed out by end of Q4 2010 by the US tax payer End of Q4 2010 gold will hit $1,600 and silver jump to $35 an oz.

George Ure
Markets up until mid-to-late-summer. Then "all hell breaks lose" from then on through the rest of the year.

 

http://www.morningliberty.com/2010/05/16/economic-collapse-martial-law-24-experts-warn-of-2010-meltdown/

V's picture
V
Status: Platinum Member (Offline)
Joined: Dec 14 2009
Posts: 849
Re: Predictions for Rest of 2010 from Sundry Sources

It is fairly obvious doom and gloom sells. Yes things are bad Virginia but it is a slow slide we are in store for. THere might be minor sharp dips but life will go on.  The dollar will not crash. There are too many creditors who would hate to see that happen. THe dollar may be ugly but it is still the prettiest girl at the dance. Wnat to get out of uncle buck and into Euros? How about Yuan? Peak oil? We have the largest most viciousl military machine since Genghis Khan. We have postioned ourselves to take what we want and we will. This is the safest place on Earth to be

Relax enjoy life ........take up the fiddle.

V

SagerXX's picture
SagerXX
Status: Diamond Member (Offline)
Joined: Feb 11 2009
Posts: 2252
Re: Predictions for Rest of 2010 from Sundry Sources
V wrote:

Relax enjoy life ........take up the fiddle.

....as the outskirts of Rome start to smolder?

xraymike79's picture
xraymike79
Status: Diamond Member (Offline)
Joined: Aug 24 2008
Posts: 2040
Re: Predictions for Rest of 2010 from Sundry Sources
V wrote:

It is fairly obvious doom and gloom sells. Yes things are bad Virginia but it is a slow slide we are in store for. THere might be minor sharp dips but life will go on.  The dollar will not crash. There are too many creditors who would hate to see that happen. THe dollar may be ugly but it is still the prettiest girl at the dance. Wnat to get out of uncle buck and into Euros? How about Yuan? Peak oil? We have the largest most viciousl military machine since Genghis Khan. We have postioned ourselves to take what we want and we will. This is the safest place on Earth to be

Relax enjoy life ........take up the fiddle.

V

V,

You're a pretty smart cookie, but I think you're trying to palliate what dark forces are brewing and building out there. Like the 10 mile long 300 foot wide plumes of oil building in the gulf (which we cannot see from where we stand) whose effects will be long lasting and devastating, a so-called black-swan event which we can only conjecture on (the things that we know we don't know) could bring a complex interconnected global economy crashing to the ground.

docmims's picture
docmims
Status: Platinum Member (Offline)
Joined: Jun 17 2009
Posts: 644
Re: Predictions for Rest of 2010 from Sundry Sources

Like Mao said: he who has the guns rules.  (thats the citizens in the US and the governments elsewhere) = lucky for us.  However I see starvation worldwide as the breadbaskets quit sharing food due to economic collapse, but I think things will stabilize after a while on a lower and local economic level.  security will be at a local level, and  I sure would hate to be a wall street banker living out in the sticks sitting on a bunch of stored food with the locals pissed off at you.

tx_floods's picture
tx_floods
Status: Silver Member (Offline)
Joined: Feb 28 2009
Posts: 155
Re: Predictions for Rest of 2010 from Sundry Sources

Jack Spirko, www.thesurvivalpodcast.com, says a "false recovery" will be in play before the next major down leg. He doesn't give timing, though. It's an interesting theory, as it seems pretty well thought out to me. It's also contrarian to what the above prognosticators have written or said. 

V's picture
V
Status: Platinum Member (Offline)
Joined: Dec 14 2009
Posts: 849
Re: Predictions for Rest of 2010 from Sundry Sources

Mike

I am not a smart cookie. I am a tired old man who has been watching this crap for way too long. I tuned in turned on and dropped out over 40 years ago and moved to the woods.

I am well aware of dark forces. ( I started the thread here on the Gulf oil spill).

A little LA. history is in order. Hughey Long took the money from LA oil and built one of the best state highway systems in the country. He built hospitals and schools. He ran on the idea that every man would be a king. Roosevelt and the oil companies whacked him. The Atchafalaya basin has been raped. There are 25 thousand miles of pipeline in the coastal wetlands that protect the finest city in the world. There are over 100 chemical plants on the Mississippi between Baton Rouge and New Orleans. This area has the highest rate of cancer in the world. It is also sitting right on top of a significant fault line.

Some fisherman will have to be retrained to do other things some restaurants and hotels will close. The Gulf of Mexico may very well become the largest dead zone on the planet. Corporate America will skate. It is all just bidness. As I stated above we are the most vicious society since Genghis Khan. We as Americans will take whatever we want from this world and anyone who gets in the way is toast. As dubya said the American way of life is not negotiable. We will kill anything that gets between us and any resource we want especially oil.

The global economy will not crash. It may very well morph into something entirely different but humans under the control of their masters will continue to behave as they always have. IE. in complete disregard of anything but their own narrow interests.

Just because the low hanging fruit has been taken does not mean the game is over. There is still a great deal more for the buzzards to pick clean.

Think Wal Mart, Goldman, Morgan etc. they are not done by a long shot. Nor is the military industrial complex with headquarters in the Pentagon ( rather satanic symbol don't you think?).

The game is power and the game requires a board and players kind of like chess. We just happen to be the pawns and in a sick way they need us.  

Hey but what the hell do I know? Broccoli is ready to be picked gotta go.

V

V's picture
V
Status: Platinum Member (Offline)
Joined: Dec 14 2009
Posts: 849
Re: Predictions for Rest of 2010 from Sundry Sources

Oh Mike btw

One more prediction for 2010 and beyond..............perpetual war.

V

 

 

xraymike79's picture
xraymike79
Status: Diamond Member (Offline)
Joined: Aug 24 2008
Posts: 2040
Re: Predictions for Rest of 2010 from Sundry Sources

V,

Nice post!. Stripping bare the truth is the only thing I find of real interest, and you do that well. I need to go back to finishing my book of fiction with my Doc friend again. This world's problems are too much for me to think about everyday. After we've stripped this planet clean like a horde of locusts, maybe mother nature will bat last, leaving only a few hardy/lucky humans who will be wise enough to respect her.

The continuous talk of stock market gyrations and the economic shenanigans of the corporate class has become so banal and hollow for me. These are the trappings of a dying paradigm with which I don't want to waste anymore of my limited time. Existing under and eking out a living within this suffocating system is already enough to kill the soul. 

 

 

paranoid's picture
paranoid
Status: Silver Member (Offline)
Joined: Feb 27 2009
Posts: 140
Re: Predictions for Rest of 2010 from Sundry Sources

Great points V - my gf is from Zimbabwe and when it collapsed people just found new ways to do things. It was not easy but the vast majority got by....humans are pretty adaptable!

V wrote:

Mike

I am not a smart cookie. I am a tired old man who has been watching this crap for way too long. I tuned in turned on and dropped out over 40 years ago and moved to the woods.

I am well aware of dark forces. ( I started the thread here on the Gulf oil spill).

A little LA. history is in order. Hughey Long took the money from LA oil and built one of the best state highway systems in the country. He built hospitals and schools. He ran on the idea that every man would be a king. Roosevelt and the oil companies whacked him. The Atchafalaya basin has been raped. There are 25 thousand miles of pipeline in the coastal wetlands that protect the finest city in the world. There are over 100 chemical plants on the Mississippi between Baton Rouge and New Orleans. This area has the highest rate of cancer in the world. It is also sitting right on top of a significant fault line.

Some fisherman will have to be retrained to do other things some restaurants and hotels will close. The Gulf of Mexico may very well become the largest dead zone on the planet. Corporate America will skate. It is all just bidness. As I stated above we are the most vicious society since Genghis Khan. We as Americans will take whatever we want from this world and anyone who gets in the way is toast. As dubya said the American way of life is not negotiable. We will kill anything that gets between us and any resource we want especially oil.

The global economy will not crash. It may very well morph into something entirely different but humans under the control of their masters will continue to behave as they always have. IE. in complete disregard of anything but their own narrow interests.

Just because the low hanging fruit has been taken does not mean the game is over. There is still a great deal more for the buzzards to pick clean.

Think Wal Mart, Goldman, Morgan etc. they are not done by a long shot. Nor is the military industrial complex with headquarters in the Pentagon ( rather satanic symbol don't you think?).

The game is power and the game requires a board and players kind of like chess. We just happen to be the pawns and in a sick way they need us.  

Hey but what the hell do I know? Broccoli is ready to be picked gotta go.

V

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments