acortes.com » predictions

On Fox Business News

Please note that these are not my personal predictions. These predictions have been identified by the folks at Half Past Human.
Click here for January and February 2009 predictions and results.

1.Food/goods riots/demonstrations/confrontations presage the broader breakdown of social contract over summer.

2.International pressure begins to build on the US dollar – this is a months-long process.

3. NASA (and political) Whistleblowers appear in number.

Please note that these are not my personal predictions. These predictions have been identified by the folks at Half Past Human.
Click here for January 2009 predictions and results.

1. Global tensions which have been in release mode due to falling markets since early October 2008, bottom out briefly starting in the Feb 14-Mar 1 area.
Evidence:

4. Wave of enlistments to U.S. military as an alternative to unemployment (Obama youth corps?)
Evidence: More Americans Joining Military as Jobs Dwindle.

The language and themes will continue to get stronger and bolder, respectively for the rest of the year. So far, the predictions have been spot on.

Please note that these are not my personal predictions. These predictions have been identified by the folks at Half Past Human.

1. The “Services Bubble” collapse begins. Excess services, shopping facilities, luxury goods begin to crater.
*Update 1/6/09*
Evidence of “excess services begin to crater”:
U.S. Service Sector, Factory Orders Decline

2. Unemployment rate continues to accelerate upward – note that already the Obama team has mentioned a 9% unemployment rate, which is at least one third more than present and may go double-digits.

*Update 1/9/09* Official unemployment rate is at 7.2%. Remember that this is the official number, and does not count those who have stopped looking for work and are employed part time. For 2008, the number of jobs lost in this country is now at 2.6 million! Unreal.

Judging from these first two, 2009 figures to be what they identify as “The year of transformation.” Interestingly, much of what they identify aligns with trends forecaster Gerald Celente. They have reached many of the same conclusions based on different data methodologies. I will post each of their predictions on a monthly basis.

Here is a small clip of Mr. Schiff on his weekly podcast. In this latest episode, Mr. Schiff is vindicated on his long held belief that the dollar rally is fake and that the dollar will collapse. The dollar has lost 10% in the last two weeks, and based on the actions the central bank has taken here in the U.S. it is more evident that our country is going the way of the Weimar Republic, Argentina in 2001, and Zimbabwe currently. What do these three countries have in common? Hyperinflation.

Get the full podcast by subscribing to “Wall Street Unspun with Peter Schiff” in iTunes.

I recently heard Gerald Celente here in Los Angeles on Coast to Coast AM. I wrote about him on November 18th. This is the only radio show worth listening to on KFI AM-640. As he likes to say, “current events shape future trends.” Here are those future trends he is predicting:

Coming hyperinflation.
Severe pressure after inauguration for bank holiday (to stop bank runs).
The “greatest depression” coming in 2009.
More major corporate and bank closures.
Tax revolution.
Opening of detention camps in America “in case things get out of control.”

Here are a couple of great quotes from Gerald:
“When you have nothing to lose, you lose it.”
“Too big to fail, too small to save.”

Listen in for yourself as George Noory interviews Mr. Celente:

Peter Schiff runs Euro Pacific Capital, and has been warning analysts in recent years about the current economic crisis. I first heard of him a couple of months ago though, but everything he said years ago was right on target. The following is a montage of appearances Mr. Schiff made on major TV networks: