The economy has become a train wreck. I have not posted since September because I have been trying to stay away from simply reporting news and actually making predictions and pushing people to preparation. This is more of a reiteration than an actual reporting of news.
· Major banks either failed or were absorbed.
· There was terrorist activity aimed at financial sectors in India.
· Over a million people in the United States have lost their jobs since September.
· Gasoline is now less than $2.00 in many places within the United States. Make no mistake it is headed back up to the $4.00 range soon.
· OPEC has (or will) cut oil production by 2 million barrels per day.
· Oil production is following the Hubbert curve precisely.
· There was a new president elected in the United States.
· The United States officially entered a recession.
· Several countries including Iceland are on the brink of collapse.
· DHL closed a hub in Wilmington Ohio essentially killing the town.
It looks as if the world is in uncharted territory. We are standing on the edge of an abyss if not already falling into it. A lot of companies are in panic mode. A lot of people do not know what to do or are completely unprepared for long term unemployment. A vast majority of the population does not have the skills necessary for the coming depression.
I made a few predictions when I first started this blog. Here are a few more short term predictions:
· The United States will see an average of 1 million people unemployed per month in 2009.
· There will be another stimulus package aimed at consumers.
· Crime will start to rise dramatically in major cities.
· An increased number of soup kitchens will open.
· At least one country will go through a collapse.
· I do not see riots for the United States in 2009 but there will be protests.
Just to clarify. I am not talking about these things happening within a year or two. Most of this will happen within the first or second quarter of 2009. The only suggestions that I can give are that people need to come up with self sufficiency skills fast. If I am right a depression is just around the corner. Things will start to snowball once we get into 2009. If the economy does not turn around by the middle of 2009 I do see riots in 2010.
Posts
