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  1. #1
    Mmmm, Bowling......
    mobs00's Avatar
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    The Worst Case Scenario - Predictions For America in the Next 3 Years

    Predictions for the US economy and community through 2012.



    Since the economy began sliding downhill in late 2007, mainstream economic and market experts have consistently erred on the sunny side.

    As late as June 2008, mainstream consensus held that the U.S. was heading for a “soft landing” and would avoid recession. Several months later, the slump was acknowledged to have started in January 2008, but we were supposed to see renewed growth by mid-2009, with unemployment peaking in the eight-to-nine percent range. A quick “shovel-ready” stimulus bag was supposed to set us back on the road to prosperity.

    In January, recovery projections were pushed forward to late 2009. Today, the consensus is for a mid-2010 recovery, with unemployment peaking at just over 10 percent. Clearly, the mainstream has struggled to catch up to reality for well over one year. What are the chances that they finally have it right this time?

    Moreover, the mainstream continues to see what is going on as a plain-vanilla recession that will be quelled with some on-the-fly monetary and fiscal tinkering. Washington, we are told, will pull us out of this slump—as soon as the masses can be enticed back to the shopping malls. Then things will return to how they were before. But what if the experts and politicians are wrong not only on their ever-changing recovery timeline, but also on the nature—nay, the very existence—of a recovery?

    America’s reigning political-economic ideology has demonstrably failed. Given that its government is obviously fumbling along without a clue, its foreign and domestic credit is tapped out, and its 300 million people are discovering that their hopes for continuous material improvement will never be met, could the U.S. be headed the way of the USSR?

    Instead of a recovery as the mainstream envisions it, what if America permanently bankrupts, impoverishes, and marginalizes itself? What if its cherished institutions fail across the board? For example, what happens when the police realize that their under-funded pension plans cannot support a decent retirement? Will they stay honest, or will they opt to survive by any means necessary? These are questions that the mainstream does not even begin to contemplate.

    In the interests of providing you with an alternate vision—something outside the mainstream—below are ten predictions for America through the year 2012. This is not boilerplate doom-saying. Rather, I am laying out in highly specific terms what will happen over the next three-odd years. Others have thrown around the term “Depression”, but I am going to tell you precisely what it means for you, your investments, and your community.




    Predictions Continued Here.

  2. #2
    Mmmm, Bowling......
    mobs00's Avatar
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    I thought this was quite an interesting read. All the dooms dayers out there believe 2012 is going to be the year of reckoning so who knows?

  3. #3
    Thailand Expat
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    There will be a United States of all the Americas including Canada and Mexico.

    There will be a single currency. Governments have already started to nationalise banks.

    Only through unity will America be able to battle the inter-galactic forces of the dark side.

  4. #4
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    Well, there will probably be a Black president, and the Governor of the largest state economically will prolly be a Roid freak Meathead who speaks English with a Germanic accent, while the Governor of the largest state geographically will probably be a fundamentalist Christian woman with a dysfunctional family. The governor of the Fed will likely be Jewish, and the senior politician in charge of foreign affairs will probably be the spurned, frustrated wife of a philandering ex-President. The previous VP will be shooting friends and interrogating people, while the incumbent VP catches the train to work.

    These assumptions may well seem far fetched, but just you wait and see.
    probes Aliens

  5. #5
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    If the US were a small country like Iceland, it would have already collapsed. Because the economy is so big and our debt is linked to so many other countries, a sudden collapse will lead to a worldwide depression. There will be a gradual reduction in America's current status, but not a dramatic Soviet style collapse. Of course, the rest of the world now knows not to trust American financial products. China is publicly calling out the US banking sector for the last eight years of bullshit. So the decline in living standards will be permanent unless Obama grows some balls and regulates the banking industry.


  6. #6
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    they could start another war which would stimulate their economy but it would have to be on the scale of ww2 not Iraq or even vietnam were big enough.

    Build it, create a market for it, sell it, destroy it, build it etc etc

  7. #7
    I don't know barbaro's Avatar
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    Good thread and post, OP.

    I do read and follow Gerald Celente.

    Youtube and google Gerald Celente if you want.

    The quality of life will decline in the US. I'm not a gloom & doomer, but the the economic circumstances of the US as whole, macroeconomically, and as people individually will decline.

    Enjoy the 'now.'

  8. #8
    Mmmm, Bowling......
    mobs00's Avatar
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    ^ How about enjoy the fact that we live here in Thailand.

  9. #9
    ding ding ding
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    Deleveraging will continue until 2012. A leveraged consumer with bloated faux wealth derived from inflated home prices cannot enjoy the same lifestyle as before.
    The world has changed, folks should get used to the idea that they will be enjoying a little bit less of everything as a result of this crisis, one way or another.
    Originally Posted by Smeg
    ... I like to fantasise sometimes, and I lie very occasionally... my superior home, job, wealth, freedom, car, girl, retirement age, appearance, satisfaction with birth country etc etc... Over the past few years I have put together over 100 pages on notes on thaiophilia...

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