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|User Info||Where We Are, And Where We're Headed (2011); entered at 2010-12-31 10:50:16|
I agree with most but not with all - but you are probably right.
My Predictions - for the record.
Tim Geithner will not be the Treasury Secretary by Dec 31st 2011. I do not know who they appoint but I would not be surprised to see Volker or Buffet get it. Obama is not stupid and will look populist the next 2 years.
States might get a 1 to 2 year Loan to solve their fiscal problems but it will come with so many strings that most States will force shutdowns of just about everything except essential personnel - this will be to drive home the next point
Some time this year a new National Retirement plan will be introduced and it will become the major issue along with trade and immigration in the 2012 election. This new Retirement Pension will "let you" roll your IRA's, 401K's, into the State, Federal, and Union Pension systems. You will be able to get "guaranteed pensions" backed by the "federal reserve" and some kind of Recovery bond. Of course we all know the real reason is that the States and Unions are in need of large cash contributions to maintain fiscal solvency. This is how the states shed most of their unfunded pension problems.
All of this spending will require QE3 which will surge Oil past 150 per and Gas past 5.00 per Gallon.
I completely agree on the Paul's.
For the 1st time in a very long time - Next Fall fewer students will elect to go to college - instead they will stay at home and try and find odd jobs to help the family out.
At least one other State will follow Arizona in the fight against Illegal Immigrants.
The North K idiot will turn toes up and his son will be just as stupid but not nearly as confident.
Al Queda will strike in the heart of the US again. They will not be as successful as 9-11 however.
There will be at least one "Tim McVeigh, Ruby Ridge, Waco" type of event.
The Shootings at Columbine and Va Tech will be used as inspiration to at least one group of disheartened young people seeing their shot at the American Dream collapse.
Mexico will collapse into Civil War which will force us to finally close the border. We will be asked by the Mexican Government to assist and we will do much like we have in Columbia.
Venezuela will collapse into civil war causing horrible death and destruction - we will immediately send thousand of troops there to help the people stand up against Chavez.
Cuba will start to open.
Russia will cut off Gas to Europe again and this time with nerves of the people already on edge it will cause problems and the former Eastern Block could have a huge problem on their hand - which will cause Germany - along with Merkel's party having horrible election results - to make a stand on bail outs for the rest of the EU. While the EU will not fail - it will be left without Germany in the East and the UK in the West.
Japan, China, Asia, the US, Europe - someone will start the next step in this process by putting up Trade Barriers.
2011 will set up 2012 which will make the Mayan's look like they were the children of the GOD's.