Prepare for more economic/financial dominos to topple over. The bailout plan that Congress is wringing its collective hands over will ultimately fail, while adding to the Federal Government’s deficit and causing the dollar to take yet another step toward becoming the new Peso. So, what shall be the next domino to fall? I do not know. Of course, there are many banks teetering on the brink of crashing. Most likely, there will sooner or later be a credit-card implosion–the Big CC Crunch. For the past several years, however, I have strongly suspected that most big companies and corporations in America have been playing one or another version of the Enron game. Most, if not all of them, have been buying their own stocks, which renders their stocks more attractive to investors than such might otherwise seem. Instead of investing in their personnel and upgrading equipment and facilities, they have been paying their big shots exorbitant rewards for being jerks and investing profits overseas. Be that as it may, I seriously doubt that very many of them are nearly as profitable as they have been claiming. So, do not be surprised if, someday soon, swarms of big companies and corporations start floating to the top of the proverbial fishbowl and filing for bankruptcy.
Prepare for bad news toward the end of October, if not sooner. As I have already said, the gloom of discouraging news will overshadow the election. The outlook gradually darkens into December, which will end on very sour notes. January will suck the big one. February will be even darker and more troublesome…The new President will be inaugurated under ill omens and shall inherit a horrible mess…Not all the bad news will concern deteriorating economic prospects. Headlines will scream about awful developments regarding wars, so-called terrorist activities, and natural disasters.
Toward the end of 2009, bad times and big problems will confront Russia. She, in turn, might well cause bigger problems than her ambitions have stirred lately. Whatever the case, 2009 will be a very bad year for almost everyone, but especially America, though her prospects might seem to brighten a little during the summer. Look out for 2010. The darkest chain of events and developments to trouble our world since the 1930’s will culminate in the summer and initiate what shall become World War III, while the depression headed our way deepens beyond any hope of repair. Oh well….
