"The Global Financial System is Coming to an End " [View All]

[Odin2005]

OMFG... :scared:

http://www.marketoracle.co.uk/Article7432.html

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As we predicted publically in early 2007—Obama has been elected. This was been predetermined by history and chronicled in brilliant detail in The Fourth Turning by Strauss and Howe. Now, the die is cast and we have elected to the highest office in the U.S. an individual that will try to clean up the major mess we are in. Rather than Commander in Chief, he will be forced to assume the role of Janitor in Chief. We are facing a depression that will rival that of the Great Depression of the 1920's and may more closely resemble the Greater Depression of 1873.

There are going to be stock market rallies within this bear market, and that will be the time for those still holding and hoping to get out before the bear really begins to claw in 2009.

Before this secular Bear Market is over, we are going to new lows in all indices, more than 3500 banks will close, unemployment will surge, there will be violence in the streets and people will kill you to get what you have. Every one of the 17 macro factors detailed in The Big Rollover is converging and coming to fruition. Sorry—but this is what we see in the future. Could we be wrong? Of course. No one has a crystal ball that can see beyond the hard right edge of the charts. No one can tell the future with complete accuracy. All we have are our many years of research and the fact that everyone has now begun to see, hear and feel the power of The Big Rollover.

This is what we are giving to our children and their children. This is why we need to apologize to them, and apologize profusely because they will be paying for our mistakes for the rest of their lives. I have enormous compassion for these young people who will be the victims of the privatization of profits and the socialization of losses. Just as we have allowed our elected officials to loot us, we have looted our children and their children.
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