If There Is Going To Be A Depression of Sorts, page 1

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Topic started on 8-11-2008 @ 12:27 AM by Jim Scott

Based on the 1929 figures and the ensuing Consumer Price Index, and the Price/Value indexes of Oct 2008 and Oct 1929 and thereafter, the Dow will drop to a lowest point of 5920 before rising again, and the Depression will arrive in approximately 3 years. Between now and the three years, the CPI will continue to slowly erode because of the ratcheting down of employment and the slow closing of businesses across the nation (maybe the world). A resetting of the price of goods will occur (deflation).

For all you 2012 buffs, that's a nice setup.

For all you Obama is Anti-Christ buffs, that gives you the 3 1/2 years of peace before your rapture.

reply posted on 8-11-2008 @ 06:24 PM by SevenThunders

Interesting analysis. Apparently the Obama regime in cahoots with his communist brethren in congress are planning on taking away all of your life savings as well. The excuse is that "They want to protect you from the ravages of the market." So the depression is being used to fast-track a communist takeover.

www.carolinajournal.com...

reply posted on 8-11-2008 @ 06:31 PM by nj2day

reply to post by Jim Scott

**intentionally ignoring 7thunder's remarks, as it appears to be political baiting**

Anyway, I don't think we'll ahve to wait 3 years lol... I know historically the depression didn't start until the 30's... but this time is different.

It appears that we've done everything we could to destroy the economy further...

a crap bailout plan (that will ultimately devalue the dollar)

the bailing out of individual banks that should be allowed to collapse...

Refusing to lend a hand to the manufacturing sector...

China won't be lending us more money... they joined forces with russia, they believe the two nations, if they isolate themselves, can survive the economic carnage.

Its going to be more like this time next year... or within 18 months I imagine.

edit: wrong word

[edit on 8-11-2008 by nj2day]

reply posted on 8-11-2008 @ 06:50 PM by SevenThunders

reply to post by nj2day

Ignoring it won't make the reality of it go away. The point is that we have the same formula for disaster that we had during the last great depression. The socialists were ushered in promising to help the poor and the depression lasted for decades. It's quite relevant and if you feel it's 'baiting' then fine. Enjoy your communist paradise.

reply posted on 8-11-2008 @ 06:56 PM by nj2day

reply to post by SevenThunders

The depression lasted about a decade (note: not plural) because it was compounded with the Dust bowl that happened in the early 30's...

Communism caused the dust bowl?

socialists? FDR a socialist I guess? president from 1933-1945 and accredited with getting us out of the depression?

Well I guess he was a democrat after all... so it looks like we're on the right track by electing another democrat to get us out of a financial mess...

reply posted on 8-11-2008 @ 07:04 PM by SevenThunders

reply to post by nj2day

What got us out of the depression was WWII. Roosevelt was making this far worse and trampling on the constitution in the process. Let's not forget the internment camps shall we? Or the confiscation of gold. Yes history repeats itself.

www.libertyforlife.com...

reply posted on 8-11-2008 @ 07:05 PM by Pinktip

socialists? FDR a socialist I guess? president from 1933-1945 and accredited with getting us out of the depression?

He's credited with ending the GD, but in reality, it was WWII (which he could have a hand in with the sanctions on Japan prior to 12/7/41)

[edit on 8-11-2008 by Pinktip]

reply posted on 11-11-2008 @ 02:52 AM by Jim Scott

Well, if socialism will get us out of a depression, we picked the right Senator for the job. From what I have heard, he is more liberal than Kennedy.

Supporting the first statement I made, now more bankruptcies are taking place. Circuit City today. And many others. Job loss approaching 10% unemployment. With three years to go, it seems likely at the rate of descent and poor control of corruption in government that the depression may be earlier than three years from now.

A good way to avoid a depression is to begin retraining into fields where jobs are increasing, like health care. If more Americans will retrain and change, we will move smoothly into and out of a recession.

That may work for you blokes overseas, too. Good luck over there.

reply posted on 22-11-2008 @ 02:03 PM by Jim Scott

Just like to point out that my prediction for a low of 5920 is apparently well on its way to be true. I also predicted that oil would drop to around $30/bbl by Dec 08 on this site quite awhile ago. I don't do a lot of predicting, but seem to be on course.

reply posted on 10-12-2008 @ 05:16 AM by Jim Scott

Well, looks like my prediction is verified by some folks with credentials. They predict much worse, in the same time frame, sinking the Dow to around 4000 based on its usual relationship to the S&P 500.

Hey, how am I doing on predictions? Feedback anyone? Been to the gas pump lately?

www.bloomberg.com...

Prepare for the worst, but pray and hope for the best.

Good luck.

[edit on 10-12-2008 by Jim Scott]

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