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Post by jeffolie on May 10, 2008 12:24:05 GMT -6
I am long term bullish on precious metals, especially Silver coins.
I am of the opinion that for the next year or so that Stagflation will rule.
I predicted a year ago the Crisis in the Summer of 2008. And I foresee a modest rebound now through Xmas because of the stimulus checks and the cuts of the Fed funds rate.
I predict another crisis which I shall call The Crisis in the Fall of 2009.
The Crisis in the Fall of 2009 will be followed in 2010 by a low in housing prices and thus the end of Stagflation. What will follow will be inflation, very rapid inflation with rising interest rates. I have a wild ass guess that Silver will spike, go parabolic to $200. God only knows how high Gold will go.
I premise this wild inflation on Bart's M3 growth and an expectation that the Democrats will control the government. Another reason is that the Fed has booked half a Trillion in very low quaility securities onto its balance sheet. These dogs will have failed in undeniable defaults and the Fed will monitize them. The Democrats will promote and pass a massive bailout for The Crisis in the Fall of 2009.
By the Mayan calendar and prediction, 2012 will be the end of the world as we know it. The US will economically implode in the aftermath of fighting the very rapid inflation that will have started in 2010.
2012, the end of the world as we know it
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Post by jeffolie on May 10, 2008 18:33:30 GMT -6
Most of the posts I make have been in support of my prediction over a year ago that there would be The Crisis in the Summer of 2008.
For quite a while I have held the opinion that The Crisis in the Summer of 2008 would be Stagflation. I have supported my view with postings showing a collapsing housing bubble and house prices causing failures in complex financial instruments; while, I have demonstrated the inflationary aspect of Stagflation showing fuel and food prices exploding.
Only now, in this thread, I have expanded on this theme by pointing out that the Stagflation will end. It will ends with the bottoming process for housing prices and complex financial instruments. Without this downward price pressure, then the inflationary aspect will expand unopposed until the Fed gets some balls to fight it seriously.
Expect that I will continue to support my themes with a multitude of posts reflecting the actual events as they play out.
And if I am wrong, then I will change my predictions by adapting to reality.
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Post by Cactus Jack on Jun 6, 2008 10:51:59 GMT -6
Mayan calendar doesn't extend beyond 2012. Neither does transcribed calendars from ancient Greece or Egypt. Like all soothsayers and Nostradamus followers, predicting the future is a wait and see proposition. There no way to prepare for it and no reason to believe it will actually occur. The only thing we have the capability of doing is ensuring we (as a human species, or a population) do is not to repeat the mistakes of the past.
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