Whether Barack Obama’s policies are popular or not is immaterial. They are destructive and will eventually be seen for what they are by all but the most dedicated parasites among us. The pain Obama will cause us all will injure us all to one degree or another and time will bare this prediction out. Time will enable us to say “We told you so,” although that will be little consolation. Things are so bad the world over that nothing can stop the eventual collapse of the global financial markets.
This is the situation we face according to well respected Economist Jim Fitzgibbons who heads the Highlander Fund.
Here are Fitzgibbon’s observations and predictions:
”We will be contracting in 2013 (Recession…Depression). I had originally thought a clear implosion was due Q2 2013, but I now have to consider a moving up in time.”
“[The coming recession] runs the risk of being substantially worse than what happened in 2008. This is a global bank melting, not just an American event. Our model suggests a few things at the moment:
”Risk assets are about to get clobbered in 2013 and a Bear market bottom is due by Q4 2013, a bounce that is pathetic and a final crushing bottom in 2016.”
”Real economic activity is about to slow precipitously and commence a serious global contraction.”
”We are stuck in a Banking deflation. Inflation and hyper-inflation cannot get a foothold until new credit can be created and lent quicker than the repudiation and destruction of outstanding debts. So far, no such evidence.”
“Storm Sandy will knock real GDP much lower than most originally forecast…0% to 1% annualized. Q1 2013 will be seasonally higher, and then collapse into mid-year and year end 2013.”
“The real deadly event is when the U.S. Treasury Bond Market peaks and flails, then reverses course. I am expecting that in 2013.”
“Like Sandy beat up the northeast, we are now forming the Perfect Storm in banking, finance and economics.”
Clearly things like this will happen and we can only scramble to find a way to survive as they unfold. This is a time for prayer and hope that the hand of God will save America from the worst of what is coming. Nevertheless, we are a tough and resilient people. If any nation in history could survive what Obama has brought on America, America is that country.
Photo credit: Creative Commons DonkeyHotey
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The only way we will survive this is with God’s blessing and a lot of prayer.
Awesome article and so true!
Kevin Coach Collins article said exactly what I think and feel. I knew from the first day that Obama was elected that he would be an awful President, but I must admit that never in my wildest dreams did I think he would turn out so evil and destroy all that is good in our country. When our economy collapsed so did the rest of the world. It’s almost unimaginable to think that one man can do so much harm. I am going to say that I believe he is the Anti-Christ. He has fooled so many people into actually believing he is going to help us when it is the other way around. He wants to destroy us. Kevin is right. Someday they will all see him for what he is and admit that they shouldn’t have elected him,but by then it will be too late. I don’t want to even think of what we are headed for. The only think left is to pray and ask God to save us.
The “fiscal cliff” is an alleged threat of US collapse from self-imposed huge tax increases and massive cuts to federal spending to reduce a budget deficit and national debt.
Fortunately, the deficit and debt are bogus, being based largely on government employees “borrowing” worthless keyboard cyber money from private Federal Reserve bankers that they create out of thin air and that we stupidly repay at face value with our labors through taxes.
Unfortunately, this continuous monetary rape by bank/government gangsters is unopposed due to most Americans’ ignorance, laziness, cowardice, or corruption.
Our nation has historically avoided these fiscal cliffs and prospered by issuing our own currency debt-free, interest-free, and tax-free instead of buying it for face value from a crime syndicate. Taxes and interest are deadly and primitive crimes. It’s time we crawl out of the primordial ooze. Here are some solutions: http://elect.ErnestHuberForCongress.com/
Itlay and Greece already going over the “Cliff” is no joke. The suicides in Spain from foreclosures is no joke. India has had farmers commit suicide for loss of their land as well. Like Coach said, the parasites are the only ones going to profit from all this. I have learned it is the inner city areas the police worry about civil unrest should food supplies and resources become short or if entitlements were to be cut. We could have multiple incidents of the Watts Riots in LA. Obama’s policies have already proven a failure in this prospect of the economy and the American dollar will continue to drop in value for higher fuel and food prices. The wealthy he wishes to tax at higher rates are already moving their assets out of the USA and selling off American stocks and bonds. America has never recovered from the recession of 2008 and now we move toward worse along with most of the world. If the deadlock remains, we could be looking at a depression much worse than 1923 and somewhere around 2013. This is why the US government is preparing for Civil Unrest. When the massive numbers of people in public housing in the inner cities get hungry, they may break down the doors and rip through the Thin Blue Line protecting the society as a whole. Hunger is a great motivation and the US drought this year didn’t help during the growing season of 2012.