Is 9.09 the Time?
July 28, 2009
– Comments (17)
America's businesses are contracting rapidly.
World Economies are not far behind.....Lithuania GDP contracted over 20% in one quarter.
The "economists" are spinning Green Shoots as hard as they can but the public isn't buying it.....Consumer Confidence is down.
Consumer Conficence goes down when the consumer runs out of money....bankruptcies are skyrocketing.
Businesses are running out of money.
Hostpitals are running out of money.
Cities are running out of money.
School Districts are running out of money.
States are running out of money.
Police Forces are running out of money.
Judicial Systems are running out of money.
Prisons are running out of money.
Criminals are running out of money.
The problems is very severe now and getting much worse!!!!
As I have always said, during periods of significant economic distress, a major action is necessary to distract the public, in this case, the world, from its internal distress. The distress in this case is monetary evaporation as fewer and fewer able to preserve savings.
What could the distraction be????
A pandemic where all are confined to their homes? An economic collapse? Or the most likely, a major war that resets monetary systems........
Right now I think the highest probability is a war in the middle east which could spark a parabolic rise in oil prices and massive destruction in the region. Hopefully this will not be the outcome and some other less destructive event occurs.....like an economic collapse. At this point, only time will tell but stories like this from Israeli newspapers seem to make my projection at least possible:
Israeli officials said Monday that they believe Hezbollah will try to escalate the tension on the Lebanon border by organizing civilian demonstrations and protests in the Har Dov area, as it did about a week ago, as part of an effort to launch a popular uprising against Israel.
Israel has warned Beirut through the United Nations that it would be held responsible for any hostile action launched from Lebanese territory.
Lebanon sent the United Nations a letter blaming Israel for the explosion of a weapons cache in a southern Lebanese village, the London-based paper Al-Hayat reported Monday.
An Israeli official responded that the cache merely contained ammunition the Israel Defense Forces left in Lebanon that Hezbollah had collected.
Al-Hayat reported that contrary to previous reports, the blast apparently killed several people and injured others.
http://haaretz.com/hasen/spages/1103378.html
Starting a war with Lebanon would increase the likelihood of a much larger conflict with Iran. Alstrynomics has been documenting the rise in tensions over the past few weeks.......let's hope it is simply a waste of time.....for all of our sakes.
Could it be time to go long oil?
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