by capricorn » Tue Dec 11, 2012 7:10 am
I'm not sure what to make of all the 2012 stuff but I can certainly say that there are so many negative things going on in this world that a number of scenarios could play out and vindicate all the end of the world predictions.
In regards to the financial crisis, I can say that I'm confident the global economy is headed for a collapse soon. The EU is holding together their economy with duct tape and they add a new piece every day. Tomorrow the Federal Reserve will announce the start of a new bond buy back program which in essence is the long awaited QE3 projected to create a whooping $85 billion in Federal Reserve notes a month (1 Trillion over the course of the year).
In addition, there is not much light that suggests a fiscal cliff deal will be struck which most likely will send our economy into recession. This will have drastic global effects especially in the EU and the psychological blow this will deal to the stock market will be severe. All this will culminate in and around the predicted 2012 doomsday prophecy time-frame.
"a free society depends on a virtuous and moral people."