Monday, December 21, 2009
My Predictions for 2010 (Dollar Crash, Bank Holiday, Massive Unemployment)
Last Year, I was right about unemployment rising significantly and the dollar index dropping, but I was wrong about the stock market crashing. I thought we would see a crash in the Fall, but it never happened. Actually, it did if you price the market in Gold. I thought the dollar index would drop much more than it did. Oddly enough, I thought unemployment would rise, but I underestimated the quickly of the rise. So with that said, I will admit that I am no Nostradamus. Nevertheless, after following current events and economic trends for almost one year, I feel that I am more competent to make predictions this year than I was last December.
So here go!
MY PREDICTIONS for 2010
There maybe a bank holiday.
Chinese will slowly sell U.S. treasuries.
The dollar will decline (forcing the Fed to formally devalue the dollar.)
I really hope I'm wrong.
Foreign made food prices will rise dramatically.
The devaluation of the dollar will make food prices soar.
Oil will probably break the 5 dollar mark before the supply becomes scare.
Trucking will become too expensive (driving food prices even higher)
The high oil prices will make commuting to the suburbs unmanageable and therefore people will abandon their overpriced homes.
Home prices will drop another 20-30% nationwide. Some areas will be worse than others.
Dips to 9.6%, but rises to 13.1%
Last year, I underestimated it. Let's hope this year, I'm overestimating it.
Rioting and looting at supermarkets.
Citizens clashing with law enforcement in urban AND suburban areas about jobs and taxes.
Massive protests at universities over tuition, food and the wars.
AFGHANISTAN AND IRAQ
The number of American soldiers killed in Afghanistan will exceed twice the amount in 2008.
More troops = More targets. (Plus the numbers are rising anyway.) Our soldiers deserve better than what we are giving them.
In Ice Dance, Meryl Davis and Charlie White will win the gold. GO USA!
No, Vancouver will not be attacked, but I think the US will. When governments run out of tricks to boast their economy, they usually turn to war. And what better way to rally the people.
Unfortunately, I think Gerald Celente is right.
Gold will probably hit 1,700. Silver will hit at least 40.
Americans like to vote for people who don't care about them. It's the same mentally that drives women to spread their legs for guys who treat them like crap. We'll see less than 10 third party candidates in the House in 2011. Sorry. I hope I'm wrong.
I think he will be politically irreverent by November 2010. Let's hope the American people turn on both the Democrats and Republicans and vote for other parties.
Farmer's markets will return with a bang.
I don't know if it will be a wormhole or teleportation or what? But I think we will see a breakthrough that will replace airplanes, but it will take a decade for the infrastructure to be built.
SECRET SPACE PROGRAM
I agree with Cliff High. I think it would be foolish to believed that we stopped serious space exploration after the moon missions. I think a whistle blower will reveal something big about the secret space program. (Okay, maybe I'm drifting into fantasy land.)
Yes, even a broken clock is right twice a day. The black Republicans finally make it into the U.S. House. (Secret Space Programs? Black Republicans? Okay, I know this list is getting weird. How about a Black Libertarian? Please?)
BOTTOM LINE: We will see the next leg of the economic collapse. (Probably in the Spring, but let's hope I'm wrong. Boy, would that be great!)
Let me just say that this is NOT the end of the world. This will not be doomsday or the apocalypse. We will survive this. If people stand by their neighbors and support one another, they will survive this transition. What's happening in America is a transition from an consumer-debt hallow economy into something more sustainability. In 2010, we will witness the end of a corrupt system and the birth of something better.