Real predictions!! dow will fall to 2300!!! proof also available., page 2

reply to post by sos37

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I did not feed into the nonsense posted in the thread topics you mentioned. I work with real issues and real time. Please do not associate my thread with those. I posted a video of a man that has proven himself in my eyes. He called what has happened. Does that mean he is clairvoyant??? Of course not. As other people had mentioned, he studied the market and now has the knowledge to be able to predict what might happen next on Wall Street. There is a VERY big difference between this guy and BG. VERY. He is not claiming to talk to aliens or saying that a giant mother ship will appear on a certain date. Just working off what he has studied. I am not trying to scare people. I know there are a lot of people that share the same interest as I do with this board and I thought they might like to see this. Call it what you will, but please don't get the wrong idea about my motives or beliefs. Thanks for posting also


I am not insulting anyone that believed/believes in BG. I don't criticize anyone for what they believe. Just wanted to get that out there so no one gets the wrong idea.:

reply to post by poet1b

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I agree. Don't get me wrong, there are 2 sides to the coin. I have seen predictions that the market will hit 25000 by the summer. Will it though?? Who knows, time will tell. You made a good point about the boomers. My boyfriends grandmother has a 401k and a pension with con ed, and she is scared to check them because she knows what she will see will be nothing short of horrifying.

reply to post by bruxfain

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It's because as we are already seeing.. it only takes a small part of the big fake puzzle to break and it trips the rest up.

When people have no houses and no jobs, who will look after the oil wells? Highways? Airports? That's the problem.

Originally posted by KaginD
Not to bump my own thread.. But no one sees this as important?? I hope someone will watch this and get something out of it, I did..

I had posted similar links to this topic from here:

www.abovetopsecret.com...'

The government predicted this would happen as well:

www.uaff.us...

I don't know how much of what they say is going to will actually happen. I still think something catastrophic is going to happen in the United States during the election ie: an assasination attemp or a false flag event that will bring the economy to a halt..........

reply to post by KaginD

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Thanks KaginD.

I've passed on to my family though I doubt that they will heed anything this guy has to say them being consumer slaves and all. Hopefully we can get a dialogue going and come up with a game plan as a family. I'm hopeful but doubt that they will heed any advice. I've been slowly preparing for a while but will definitely step up my efforts even moreso now.

Thanks again. Wish I know how to star and flag.

Be well.

reply to post by KaginD

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Hmm ... hmm hmm hmm... well .. let me put it this way:

Christmas.

Not all about a fat man in a red suit bringing joy to all the little kid in the World.. Santa also keeps most Americans employed! No, no .. not elves. More like middle class people working, managing, producing for, stocking, shipping in stores that aim all year for Christmas.

When I was a wee lil lad Christmas began after Thanks Giving.. we all had our food, went to bed, woke up and went shopping. We don't do that any more.. more because I hate people in stores, but also because it's not that 'kick off day' any more. I now see Christmas trees pop up in July.. and Eventually I have no doubt we will end Christmas in January to begin it again in April! Anyways. Sure, 50k people might pack into a Wallmart for $20 dvd players that will break in 6 months, but every year the amount of money per person being spent has decreased as our dollar fell. Not only that, but spending growth compared to spender growth (growth of population able to spend) has been negative for several years..

Now.. we have this "Crisis" "Recesion" "Credit Squeeze" but I think George Bush said it best when he said "Uhh ..uh .. the bank's just aren't lending"

Credit lines are RETRACTING .. meaning that Mr. Joe Smith who has a 10k VISA with 6k in debt on it is counting on that 4k to buy all lil kiddies useless plastic crap in December. But the bank cuts Mr. Joe Smith's credit line from 10k to 7k.. Now his card is quite nearly maxed out, kiddies get no plastic crap and Joe needs to use his health insurance to get Anti-Depressants (now covered by health insurance thanks to the bail out?) because he will continuously default on his card because of floating due dates.



All those poor(er) "middle class" people who pretend to live the life they really ought not have, and take out new Sears, Macy's and Walmart cards every holiday won't be getting that new piece of plastic to buy useless crap with because not only is credit being retracted, it is not being extended, renewed, or given out in any way.

Since most American's have a negative savings, have more debt than yearly income, and cannot afford a 4k shopping trip to buy this useless crap .. the Economy is in for well .. what could be compared to a nuclear bomb being packed into the NYSE.

ANY ONE NOTICE BERNAKE PLEADING CONGRESS TO GET A STIMULUS PACKAGE OUT TO THE PEOPLE? ... No purchasing power. No economy.

Thing is, even if it was approved, and we where all sent checks for another $600 .. it wouldn't get to our mail boxes until February.

This is what will happen, and I believe the guy may not be to far off:

December will come.. stores will report November Sales results form Same Store Sales. It will be low. Lower then last year, lower then expected.. Another report will show that even while in some instances sales increased, profit did not because shoppers sought bargins, not quality items at primium prices.

The markets will get jittery .. more volatility.. more big losses.

Christmas comes and goes, the December Same Store Sales report comes out.. Christmas was an utter failure.. many stores that rely on Christmas as 50%+ of their income will declare massive losses, stocks will fold as the largest retailers in the country take a massive hit.. Some Feds expect 30%+ of all major retail stores to close by next Feb. Stock market will take a massive tumble..

America's GDP puts a MASSIVE reliance on Same Store Sales.. (stores open for business at least one year) .. if Christmas fails and we don't spend our selves red like usual.. our GDP will plummet as well, our Treasuries will look even more shakier and foreign debt purchases will drop (again) ..

Unemployment will likewise be rising increasingly fast for several reason, two of which are:

Deflation.. as the currency deflates (prices of goods come down, like oil for instance) causes prices of goods across the market to come down .. currency rises against other currencies making imports cheaper. Result? Companies that produce and sell at a loss will lay off workers to balance the books.

This creates a two fold problem, rising unemployment equals less buying power and lower prices means lower revenue.

Drop in Buying Power: As the credit freeze strikes the consumer and buying power drops, per above, unemployment rises.

As unemployment rises, more people will default on home that have Loan To Value ratios of under 20% .. meaning a weak Christmas could put the housing market by next June into complete tailspin, causing prices to collapse once more and negative equity to increase at an alarming rate..

Could this all bring the DOW and S&P down that low?

That depends on the severity of the problem..

Which we have no way of knowing until January...

Personally I see dark times ahead, how dark I do not know.

Ironic.. a season of joy, family, food, closeness and celebration.. a season of sacrifice and love .. decides the fate of our economy.

I guess this is God's ironic way of chastising us for bastardizing it.

[edit on 10/20/2008 by Rockpuck]

Originally posted by N. Tesla
where is the proof? i see him making predictions but where is the back up? he isn't saying anything that isnt known. he is saying where things will go if things continue. he is not saying unknown. i don't disagree. im jsut saying what its not really anything that could be proven

N. Telsa:

The proof will only come once it has happened. What good will that do you? Hmmm?

I will say this, that with 25 years under my belt as a senior official in the investment banking business there are extremely few items I disagree with him about. He may look like Joe 6 Pack, but there is little he talks about that is unrealistic.

Take Biden's (stupid and incredibly irresponsible comment from a timing point of view) comment of late:

blogs.abcnews.com...

"Gird your loins," Biden told the crowd. "We're gonna win with your help, God willing, we're gonna win, but this is not gonna be an easy ride. This president, the next president, is gonna be left with the most significant task. It's like cleaning the Augean stables, man. This is more than just, this is more than – think about it, literally, think about it – this is more than just a capital crisis, this is more than just markets. This is a systemic problem we have with this economy."

[edit on 20-10-2008 by leo123]

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