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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.....
THE REVOLUTION
It’s
unprecedented. There is nothing like it in the history of the United States. No
week goes by without the Government buying into or buying up another failing
“too big to fail” using taxpayer money. In the process, a super-race of
corporate giants is being created that will be declared “too big to tumble.” It
is a matter of historical fact: When people are homeless, helpless, desperate,
jobless and hungry, sooner or later they will rebel. And it won’t be any
different in America.....
ECONOMIC SLIM-FAST
Like it or not,
Americans are going on a diet: a spending diet and a food diet. Staying fit and
living frugally was a mainstay of pre-World War II America, and it will be a
major defining trend of 21st century America.....
LITTLE PEOPLE SQUEEZE
To
keep local, state and federal governments running, and to finance stimulus
packages and bailout programs, politicians will put the squeeze on the already
squeezed. The biggest squeeze: property taxes. Historically, empires crash when
taxes are raised beyond the capacity to pay.....
REGENERATIVE MEDICINE
The
signs are clear that the time is ripe for stem cells to start coming out of the
laboratory and into the clinic, to make the leap from theoretical to practical,
from promise to product. The breathtaking promise, the wild hype, and the
raging controversy has turned stem cell research into a political lightning
rod, a scientific holy grail, and the last best hope for millions of people
with otherwise untreatable diseases.....
THE GREATEST DEPRESSION
While we alone
predicted the “Panic of ’08” (and even took out the domain name “Panicof08.com”
on November 7, 2007), we are not alone in predicting a Depression. The “D” word
is being uttered – in some cases by those who have the most to lose and whose
best interests are not served by spreading gloom and doom.....
OBAMARAMA
Setting aside the
only major question that remains unanswered (when, or if, Obama makes Supreme
Court selections, will they reflect the liberal beliefs of his supporters?), we
see nothing coming from his administration that can prevent The Collapse of
’09, the Greatest Depression or the brewing Revolution. From these
macro-developments, a number of other significant trends — some promising, some
foreboding — will emerge, accelerate and intensify.....
BUSH GARDENS
To cope with food
shortages and food rationing during World War II, masses of people planted
“Victory Gardens.” As America moves into the Greatest Depression, the need to
put food on the table will again oblige people to grow their own.....
WHOLE HEALTH HEALING
Just as Greatest Depression economic conditions cannot be cured with
financial stimulus pills or monetary painkillers, so too chronic degenerative
disease cannot be cured by silver bullet drug therapies or through the magic of
medical doctors. The philosophy and practice of Whole Health Healing, a first
line of defense, requires that the individual responsibility for achieving and
maintaining health.....
THAT'S ENTERTAINMENT
During the grim times of the Great Depression, arts and entertainment
flourished, and with the repeal of Prohibition the good times rolled … and
they’ll roll again. Lifting spirits, and drinking them, will be big businesses
and major pastimes for both down-and-outs and the Uptown crowd during the
Greatest Depression.....
COLLEGE CRASH
As
the economy and the country unravel — closely following our forecast schedule —
there is not a single major mitigating factor to forestall, much less reverse
the process. Following the commercial real estate and retail cave-ins: College.
Most will downsize, many will fail.....