This is the guy who predicted the economic downturn of 2008. The U6 unemployment rate is still hovering around 10% yet, we are beginning a new recession even though we didn't recover from the last one.

All of the following possible is possible over the next year or so:

 

  • QE 4
  • Negative interest rates!
  • Even bigger stimulus plans than we have seen in the past
  • Up to 20% fall in Stock market
  • Massive layoffs in the service sector as a result of higher minimum wage
  • Possible advantage for Republican Party
  • Setup for even bigger financial woes in coming years
  • Precious metals go up
  • Mortgage rates go down again
  • "Lethal dose" to currency and economy

See Peter Schiff video on the state of the economy on East Valley News Net

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Let's just see what the "government" tell us about the GDP today.  With crude oil prices dropping, and our fracking giving us more oil we are becoming more independent from mid east oil, but along with that is when consumer spending does not rise as a result of the extra money in our wallets ... then we have a "cascading failure" in our economy which will lead to a dollar devaluation, or more QE into the Stock Market and our future bankruptcy either way because of increased DEBT.  That is part of Obama's plan to bring on a New World Currency that the FED and China have been headed for.

Amidst all this Wall Street mayhem, and the war of coal, we should remember that this is all part of the Obama "transformation" of America where our wealth is declining according to his plan for a Socialist utopia ... that Bernie Sanders would love to head up as President.  Socialism is not working out so good for France now is it? 

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