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| Date: Wed, 2 Jan 2008 07:36:26 -0700
AS YOU CAN SEE MORE CLEARLY EVERY WEEK, THE PACE OF COLLAPSE IS QUICKENING AND THE DANGER OF A VERY DEEP DEPRESSION IS VERY HIGH. More and more extreme bears are showing up. A long depression in the U.S. is slowly settling in and likely will bottom in 2008/2009. It will likely take a full seven years to pull out of this nose dive. Figures by moderate bears are now ranging between 20 to 30%. Figures by skeptical bears are in the 40%-60% range LONG TERM. With the collapse of the housing industry, unemployment is rolling heavily throughout the continent, worsening throughout the remainder of this year and well into 2008. Meanwhile a vicious inflation cycle has commenced with the escalating price of oil. This is HOW YOU AND I WILL PAY FOR THE CABAL'S MILITARY CAMPAIGN OF TERROR IN THE MIDDLE EAST. All real commodity goods will increase by another 50% in the next few years, AT LEAST. The value of the dollar is being rapidly adjusted downward to compensate for the high levels of unpayable dollar debts and reduce the ability of Americans to purchase international goods. Real producers, such as China, will get the oil and the value of their labor will rise rapidly against the value of American labor. In all cases, regardless of short term fluctuations, Eurasia up, Latin America up. Buy Euros. Asia, still so tied to American consumers, is risky for the next few years until they re-orient to serving primarily Eurasian markets.
MUST READING: For the latest economic profiling on the now rapidly accelerating crash SEE Charles Hugh Smith. This site is succinctly laying out what I have been talking about the past few years. Smith is very bright, very astute, and offers great graphs and history lessons. Read especially his "Empire of Debt I: The Great Unraveling Begins". It's here and its bad. We are in the melt down and according to him the unraveling of the past several years of speculation and asset increases will occur during the next several weeks. Funny thing that, the Web-bots and Half Past Human are saying the same things. For extensive update dossier on the banking panic and economic crash, see http://tech.groups.yahoo.com/group/earthchange-bulletins/message/4136
A VERY GOOD SYNOPSIS to the current scene: Brasscheck TV On The Bubble Watch these and you will understand what has been happening and what is about to happen: US Bubble Deflation: 20 to 30%. Currency depreciation in this range. Gold is not the hedge the gold-bugs tout. ALL ANALYSTS AGREE THAT 2008 WILL BE EVEN WORSE. THIS "CORRECTION' WILL DOG ALL OF THIS YEAR AND PROBABLY ALL OF NEXT YEAR. Eurasian economy is going gangbusters. China's engine of production has replaced the U.S. economy. Nobody needs the U.S. economy and a good portion of the world will do fine during 2008. BUT NOTE: VERY IMPORTANT NOTE: The Rockefeller/Rothschild plunge protection racket has already bailed out the major U.S. brokerages and banks. The seedy bonds are being snapped by the offshore Fed accounts to maintain liquidity. They will push strongly to maintain the symbolic levels of the DJI to preserve certain illusions. New definition for the Dow Jones Industrials: The Dumbshitz Jabberwocky Index. DON'T BE SUCKERED PUNCHED BY THE NEW RISING OF THE Jabberwock.
MASSIVELY MASSIVE COLLAPSE OF THE HOUSING INDUSTRY CONTINUES. Both white collar and blue collar unemployment will become unreal during the next twelve months. Some of the illegal immigration will finally disappear. No jobs and no prospects for jobs.
NO OTHER NEW NEWS. YOU ALREADY GOT ALL YOU NEED. As predicted here during the last few years, the Global System is now rapidly readjusting all basic American economic values to pay for the tragedy in Iraq and the outsourcing of economic production abroad. The slide continues. You want more stats? You don't need them. All Bears are warning everywhere of a further slide in the value of the dollar relative to Euro and Gold. Act accordingly. Euro economic expansion is accelerating. Eurasian economic links are displacing North American dynamics. The world economy, by intelligent choice of Eurasians, is bifurcating and will pull a good portion of Latin America with it. North American economy can tank out in bankruptcy while Eurasia continues to expand. The illegal aliens in the U.S. have traveled the wrong direction. In a few years, a good portion will be going South. All this will be evident in spades during the next 36 months.
For more details, see the Earth Changes Bulletin Update As Of
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