Economic Armageddon: Ladies and Gentlemen, the Double Dip is Here!

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posted on Aug, 27 2010 @ 11:56 AM
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Economic Armageddon: Ladies and Gentlemen, the Double Dip is Here!


english.pravda.ru

The worst nightmare forecast by economic specialists over the previous years has come true: new research by economic gurus in the United States of America has revealed a bleak scenario: the United States’ economy is in a state of depression. Yes, it is the Double Dip, a roller-coaster ride to economic catastrophe and it has arrived. To come: massive debt default, the failure of entire nations and widespread starvation in the western world.

“Nostradamus could scarcely have been more accurate"
(visit the link for the full news article)


Related News Links:
www.theworldsprophecy.com

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posted on Aug, 27 2010 @ 11:56 AM
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This was predicted to happen before the summers end...

I had this feeling that was confirmed with a personnal troubling sign
the 11 january of 2010...
the day i have lost my job because of ecomic problem and 3000 was also fired for the same reason in the compagny
thats the same day the earthquake in Haiti happened...
of course i was more troubled because of the 300000 Haitians dying in that earthquake ... the country was destroyed and many will suffer from it on a long term basis.. so my lost job .. i didnt care that much

I like to watch the DOW... but it is being manipulated to hide the coming disaster before everything collapse (when the dow droped 1000 in a mather of seconds and minutes later it recovered 800 pts .. thats impossible)
dont trust the DOW ...

The united state have 14 trillions in debt ... only that confirms that the economy will soon crash big time ...
look at Greece ... another confirmations
and all the expert who confirm the evident coming super crash...

What other signs we need to accept the fact that the USA can no longer live like it lived before...

Rich peoples getting more richer .. and poor peoples getting more poorer ....
it need to stop .. we need to be egual everywhere
so peoples can have at least the basic component to live...
eat each days and have fresh water when they need some

The dreamed future predicted since 1950 was stolen from us
by the big corporations who are owned by rich people in the Gov...
we depend so much in those expensives energy .. electricity, polluting fuel...
making earth suffering more...
everything is upside down .. it has to change its URGENT
this economic crash will help us be self sufficiant no more depending on the rich so they can get more richer

english.pravda.ru
(visit the link for the full news article)


[edit on 8/27/2010 by Ben81]



posted on Aug, 27 2010 @ 11:58 AM
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some of the economic experts predicting it :



Gerald Celente
Terrorist attacks and the “Crash of 2010″. 40% devaluation at first = the greatest depression, worse than the Great Depression.

Igor Panarin
In the summer of 1998, based on classified data about the state of the U.S. economy and society supplied to him by fellow FAPSI analysts, Panarin forecast the probable disintegration of the USA into six parts in 2010 (at the end of June – start of July 2010, as he specified on 10 December 2000

Webbots
July and onward things get very strange. Revolution. Dollar dead by November 2010.

Joseph Meyer
Forecasts on the economy. He sees the real estate market continuing to decline, and advised people to invest in precious metals and commodities, as well as keeping cash at home in a safe place in case of bank closures. The stock market, after peaking in March or April (around 10,850), will fall all the way down to somewhere between 2450 and 4125 during the next leg down.

Harry Dent (investor)
A very likely second crash by late 2010. The coming depression (starts around the summer of 2010). Dent sees the stock market–currently benefiting from upward momentum and peppier economic activity–headed for a very brief and pleasant run that could lift the Dow to the 10,700-11,500 range from its current level of about 10.090. But then, he sees the market running into a stone wall, which will be followed by a nasty stock market decline (starting in early March to late April) that could drive down the Dow later this year to 3,000-5,000, with his best guess about 3,800.


all others are listed in the thread link



posted on Aug, 27 2010 @ 12:06 PM
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Ben... Your wrong ...just plain wrong.. I cant believe that you truely can be this wrong about this.. S&F for you my friend..



posted on Aug, 27 2010 @ 12:17 PM
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Originally posted by Mobius1974
Ben... Your wrong ...just plain wrong.. I cant believe that you truely can be this wrong about this.. S&F for you my friend..


you amuse me when you say im wrong

but please specify which part that you think im wrong

the part that confirms the reality on the coming economy problems
or the part that we need to stop depending on big corporations to live

we are connected to us
but most importantly and troubling ... THEY are connected to us
if they wants us with no power .. they will hit the switch
like this internet kill switch...


with all the advanced tech we have today
all houses everywhere should be self suficiant with Air/Sun energy
all cars running on bio fuel and electricity (CLEAN & FREE ENERGY)
we should even have many AI robots helping us everywhere


but NO all the budget is for WAR
imagine with no military budget what the world would look like
it would be my world... a world of peace where mother earth would be more respected...

please read this thread to enlight your self or to know me more : HERE

if you still dont understand and think im wrong then im ready to debate more with you... in a respectfull manner has always



[edit on 8/27/2010 by Ben81]


+12 more 
posted on Aug, 27 2010 @ 12:21 PM
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I am of the opinion that the US needs this...we need to go flat broke...lose absolutely any and all ability to do anything, from a complete breakdown of governmental systems, to whatever else it takes.

At that point, the last straw will fall, and we will have to slash our military budget to a fraction..after living a couple years with no troops abroad, no weapons being invested in, etc etc etc, and living in general peace, we can rebuild without the concept that we need a hyper inflated military budget...just a tiny token force of nerds and robots to protect the homeland and that is it...let the rest of the world sort out their own problems and stop trying to find enemies to test new tech on...pretty simple.

If thats what it takes for America to start walking in the right direction, then so be it unfortunately.



posted on Aug, 27 2010 @ 12:25 PM
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reply to post by SaturnFX
 


i agree ...

thats the futur i see
i have hope .. good hope
this confirm the quote :
that it has to worsen to get better ....
not that it will worsen till the earth is destroy and we all die
i think Mobius think that .. not sure lol


the thread about the Age of enlightment has started in my signature... will tell you on this good hope i have


Spirituality will save manking .. oups i mean mankind


[edit on 8/27/2010 by Ben81]



posted on Aug, 27 2010 @ 12:50 PM
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What we are seeing unfold is essentially "Armageddon" for those involved in the housing and real estate industries. The real estate market is grinding to a standstill and a shockingly low number of people are actually in the market to buy a home right now. In the months ahead home sales may pick up a little bit, but only if housing prices start to fall. Why?

Because right now there are tons of houses on the market and there are very few qualified buyers available to purchase them and potential buyers are starting to realize this. Buyers are beginning to understand that they have all the leverage now and they are waiting for prices to fall.

Anyone who has taken Economics 101 in college knows that when supply is high and demand is low prices will fall, and that is exactly the situation we have in the U.S. housing market right now.


Pravda finance

This is another sign... foreclosures are happening everywhere randomly
banks are loosing money .. so they steal a familly house like stealing a candy from a child ... but this is no candy
people live in the street today because they have no more where to live
others have sacrifice themself .. Elderly Mother, Son Found Dead In Their Burned, Foreclosed Family Home

they cant live to the fact that their +100yrs old generation house was illegally was going to be take by force from them by the big rich banks and that they will sell it to other peoples who have money .. its digusting.... its the sad reality of today


[edit on 8/27/2010 by Ben81]



posted on Aug, 27 2010 @ 12:56 PM
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reply to post by SaturnFX
 


I tend to agree with you but I seriously doubt we will be living in peace. A total collapse may be needed for a cleansing so to speak, but I gaurantee when food runs low and nobody has any money things are going to get bad, real bad.

Further more I seriously doubt America will be left alone while the world deals with there own problems. Most nations believe the U.S is responsible for most of the worlds problems. I can see many of them taking advantage of a weak America and do what they can to completely diminish our power and ability to go on as a super power.



posted on Aug, 27 2010 @ 01:10 PM
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It will be total chaos people will kill for food and water. China will probaly attack us when were at our weakest. Things will be way beyond bad. I've had dreams and also feelings I cant explain of these things since I was about 20 or so, I'm 44 now. Hope I'm wrong on this.



posted on Aug, 27 2010 @ 01:11 PM
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off-topic post removed to prevent thread-drift


 



posted on Aug, 27 2010 @ 01:12 PM
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Pravda?

Isn't that the Sorcha Faal site?

Otherwise, I think the Double Dip is coming, although I don't think it will create starvation in the western world, it will definitely lead us into the depression we have been delaying, and hopefully we will emerge out the other side of the depression in a better economic state.



posted on Aug, 27 2010 @ 01:19 PM
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Originally posted by Mobius1974
I didn't read even 1 line of your thread... I only know you are wrong

2nd line!


LOL that was extremelly funny

ur a funny man Mobius u know that ?

i officialy love you



posted on Aug, 27 2010 @ 01:21 PM
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salem-news.com...

That site is a little more mainstream. The Helium source isn't much more reliable than Pravda.

It seems to be an opinion piece by a writer only known on the web. He does quote some pretty good sources though.

The Doom, Gloom, and Starvation Quote is actually from Harrison in 2008. It is not new or unique to our current Stock Market situation.


This was all put together by Terence Aym

Terrence Aym is a Salem-News.com Contributor based in Chicago, who is well known nationally for his stirring reports on the top ranked site, helium.com. Born in Minnesota, Terrence Aym grew up in the Chicagoland suburbs. Having traveled to 40 of the 50 states and lived in 7 of them, Aym is no stranger to travel. He's also spent time in Canada, Mexico, the Caribbean, Europe, Asia and Western Africa. An executive for many years with Wall Street broker-dealer firms, Aym has also had a life-long interest in science, technology, the arts, philosophy and history. If it's still possible to be a 'Renaissance man' in the 21st Century, Aym is working hard to be one.

Aym has several book projects in the works. Media sites that have recently featured Aym, and/or discussed his articles, include ABC News, TIME Magazine, Business Insider, Crunchgear.com, Discover, Dvice, Benzinga and more recently, his work has been showing up in South Africa and Russia.



posted on Aug, 27 2010 @ 01:21 PM
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Originally posted by getreadyalready
Pravda?

Isn't that the Sorcha Faal site?

Otherwise, I think the Double Dip is coming, although I don't think it will create starvation in the western world, it will definitely lead us into the depression we have been delaying, and hopefully we will emerge out the other side of the depression in a better economic state.


nah .. its a good russian site .. sometime i read some very credible story on it....but WhatReallyHappened is way better



posted on Aug, 27 2010 @ 01:25 PM
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Pravda is crap, sorry. The fact that they reference Nostradamus in their article is proof that they are nothing more than a tabloid. They aren't even propaganda... just tabloid fodder.

Pravda might not be Sorcha Faal, but it's right up there.



posted on Aug, 27 2010 @ 01:33 PM
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reply to post by Ben81
 


That "whatreallyhappened" site is a little better, it even says that Sorcha Faal aka David Booth is banned on their site!


Still don't know about this Terence Aym fellow though. This article is a hodgepodge of different economists saying slightly similar things over the past 2 years, and it is all combined together with a catchy title that fits this weeks bad market. I don't think this article is anything to worry about, and it is sketchy at best.

No offense to OP.



posted on Aug, 27 2010 @ 01:37 PM
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reply to post by getreadyalready
 


Thanks for your link. I read that article and it underlines the crisis with more credibility.

I believe that the depression is upon us, though when it will be "admitted" mainstream is anyone's guess.



posted on Aug, 27 2010 @ 01:37 PM
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Story linked on WhatReallyHappened:

27 Aug - 08:40
Treasury Makes Shocking Admission: Program for Struggling Homeowners Just a Ploy to Enrich Big Banks
Tags: DICTATORSHIPECONOMY
That's right: Treasury openly admitted that its only serious program purporting to help ordinary citizens was actually a cynical move to help Wall Street megabanks.

From this link : By Zach Carter, AlterNet


The Treasury Department's plan to help struggling homeowners has been failing miserably for months. The program is poorly designed, has been poorly implemented and only a tiny percentage of borrowers eligible for help have actually received any meaningful assistance. The initiative lowers monthly payments for borrowers, but fails to reduce their overall debt burden, often increasing that burden, funneling money to banks that borrowers could have saved by simply renting a different home. But according to recent startling admissions from top Treasury officials, the mortgage plan was actually not really about helping borrowers at all. Instead, it was simply one element of a broader effort to pump money into big banks and shield them from losses on bad loans. That's right: Treasury openly admitted that its only serious program purporting to help ordinary citizens was actually a cynical move to help Wall Street megabanks.


This thread confirm many statements...or predictions...

it confirms that the Pravda story can be plausible ...
What people need to accept the fact that the USA will soon crash for good
Answer : the crash itself .. they will not beleive it until it affect them


everything politicaly speaking is up side down
the big corps and the gov ... have made this apocalyptic scenario to be
very very much plausible with their selfish decisions



[edit on 8/27/2010 by Ben81]



posted on Aug, 27 2010 @ 01:50 PM
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Originally posted by SaturnFX
I am of the opinion that the US needs this...we need to go flat broke...lose absolutely any and all ability to do anything, from a complete breakdown of governmental systems, to whatever else it takes.

At that point, the last straw will fall, and we will have to slash our military budget to a fraction..after living a couple years with no troops abroad, no weapons being invested in, etc etc etc, and living in general peace, we can rebuild without the concept that we need a hyper inflated military budget...just a tiny token force of nerds and robots to protect the homeland and that is it...let the rest of the world sort out their own problems and stop trying to find enemies to test new tech on...pretty simple.

If thats what it takes for America to start walking in the right direction, then so be it unfortunately.


The entire world needs it,

and i hope this starts it.

Too bad that we will be the generation having to live through this, but if future generations take their lessons out of it, it's all for the greater good.

For all i care TSHTF bigtime in the coming months, just give it all, economic meltdowns, wars, natural/galactic events, you name it.

Humanity needs a reboot, or at least, humanity's management does, or we'll be destroyed by our planet before we get the chance to destroy it ourselves.





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