Some predictions for 2011 gleaned from that most fascinating of places – the internet.

1. The U.S. will implement QE3/4 when the $600 billion of QE2 is not enough (already it is not enough as admitted by the Fed’s chairman Benjamin Shalom Bernanke recently on CBS’ 60 Minutes).  Except it won’t be called as such in the lamestream media.  QE3/4 will be in the trillions of U.S. dollars (USD) of quantitative easing, i.e., fake digital money printing from the Fed to sop up unwanted U.S. Treasuries.  The unstated and ONLY purpose of QE2 and QE3/4 is to buy up all of the U.S. Treasury debts that the foreign nations are beginning to refuse to buy while they are quietly dumping what they possess on the U.S. and world markets in exchange for real and tangible assets and resources.

2. The major export nations like China, Russia, Brazil, India, Argentina, and others will engage in and increase their non USD-denominated trading among themselves, as exemplified by the recent China-Russia trade agreements whereby they would start trading in Rubles and Yuans, and not use USD as is typically transacted in international trades for commodities and oil.  This will put increasing devaluation pressures on the USD.  So, look forward to the US Dollar Index to drop further from the low 80s now to the low 70s or even lower in 2011.

3. Retail food prices in the U.S. will increase in the low to medium DOUBLE digit ranges (10% to 40%) for everything from the junk/GMO “foods” served by corporations like McDonald’s to healthy/organic foods supplied by companies like Whole Foods Market.  This will take place noticeably in the first half of 2011.

4. The real estate market in Canada will finally begin its collapse suddenly after the new year celebrations are over, mimicking the real estate crash of the U.S. that began in late 2008.  Over heated markets like Vancouver will suffer the most as the average house price there is around $1 million Canadian (the Canadian dollar is almost on par with the USD).  The average homeowner in Vancouver is spending about 70% of its BEFORE-tax income on paying mortgages.  This financial situation is totally unsustainable.  To illustrate a parallel, past example why it is going to be the case:  In 2005, the “median” California family spent almost 73% of their AFTER-tax income on their “median” California house ($477,700), and look what happened to the real estate market in California.  A 50+% devaluation of the Vancouver real estate market is very likely over the next 1-3 years.  But the crash will begin in early half of 2011.

5. The Chinese real estate market, the last investment vehicle in China for those Chinese with money, will also begin its collapse suddenly, hitting hard cities like Shanghai, Beijing, Fuzhou, etc.  According to a very recent article by UK’s Daily Mail Online, there are as many as 64 MILLION empty homes in China with no one occupying these brand new homes!  This China real estate crash will have serious implications for the real estate market in Vancouver.  There won’t be m/any Chinese millionaires plunking down $1+ million CASH for buying real estate in Vancouver, as has been the case over the recent years.

6. Inflation will run rampant in China as it is already doing so with retail food prices.  See my recent article (www.rense.com/Currency%20Wars%20For%20Dummies.pdf) as to the real causes of huge inflation in China.  Unless China allows its Yuan to appreciate (increase in value) against the ever falling USD, rampant inflation in China will continue its course unabated.  If China allows its Yuan to appreciate by any significant amount (7% or more), such an action will DECIMATE its export industries and manufacturers, because of the extremely thin profit margins that their exporters have to work with.  China will raise its interest rates to try to stop inflation but that will not do the job.  In fact, raising interest rates will only cause more foreign currencies to go into China in search of higher yields, unless China imposes strict restrictions on the importation of foreign currencies and investments.

7. The EU will continue its financial collapse, as nations like Spain, Portugal, and Italy will join Greece and Ireland in facing the stark choice between (Option 1) bailing out THEIR banksters or (Option 2) having THEIR nation go bankrupt.  The IMF/World Bank model of “rescuing” these EU nations were perfected on the so-called Third World nations such as Argentina (viz., John Perkins’ book, “Confessions of an Economic Hitman”).  In 2001, Argentina defaulted on its IMF loans, i.e., it was forced to take Option 2, and its people suffered tremendously as the majority of its middle class was literally wiped out overnight.  The Banksters in Argentina (with such strange and exotic names like JPMorgan Chase, Citibank, etc.) were able to fly out their billions of USD on private jets before the forced conversion and devaluation of the Argentina pesos/savings were implemented on the masses.  Millions of Argentineans keep their savings as USD in their banks before the collapse.  When the forced conversion and devaluation of those USD savings were imposed on its citizens, the banks were closed and ATMs withdrawals were limited to a few hundred pesos (less than $50 USD) per person per day.  Overnight, Argentineans saw their savings lose over 75% in value (the peso went from 1:1 to 4:1, requiring 4 pesos to buy 1 USD overnight).  And then the multi-national corporations came in like financial vultures and bought up the natural resources and public utilities for pennies on the USD.  THAT is IMF’s Option 2 for Spain, Portugal, and Italy.  Option 1 is long term financial servitude and slavery for the citizens of the bankrupt country as is happening to Ireland.

8. Silver and gold will continue to climb in 2011.  Silver will increase much more than gold in 2011, as the “Crash JP Morgan, Buy Silver” viral campaign started by Max Kaiser in early November will take off exponentially in 2011.  Silver will breach $50 per ounce in 2011.

9. A major war will break out somewhere in the world in 2011 (if not in 2011 then definitely in 2012) involving the U.S. and/or one of its proxy allies, i.e., Israel, South Korea, etc.  The very recent massive war exercises conducted by South Korea and the U.S. were meant to provoke a military response from North Korea.  Fortunately, the North Koreans didn’t take the bait.  This will be the final American Bubble to inflate as the U.S. will try to use “shock and awe” on either North Korea or Iran or even maybe a country in Africa in a futile attempt to bypass and cover up the greatest economic and financial collapse in world’s history.

CREDIT: DAVID CHU

Tax – “a pecuniary burden laid upon individuals or property owners to support the government.”

Quantitative Easing – “the central bank purchases financial assets using money it has created ex nihilo (out of nothing).”

Doesnt it all just seem a bit too good to be true? According to the media we just dodged the biggest economic crisis since the 1920′s. Wrong. So wrong. The worst is yet to come. Of that I have no doubt at all.

“The people have been lulled into a false sense of safety under the rouse of a perceived “economic recovery.” Unfortunately, what the majority of people think does not make it so, especially when the people making the key decisions think and act to the contrary. The sovereign debt crises that have been unfolding in the past couple years and more recently in Greece, are canaries in the coal mine for the rest of Western “civilization.” The crisis threatens to spread to Spain, Portugal and Ireland; like dominoes, one country after another will collapse into a debt and currency crisis, all the way to America.

In October 2008, the mainstream media and politicians of the Western world were warning of an impending depression if actions were not taken to quickly prevent this. The problem was that this crisis had been a long-time coming, and what’s worse, is that the actions governments took did not address any of the core, systemic issues and problems with the global economy; they merely set out to save the banking industry from collapse. To do this, governments around the world implemented massive “stimulus” and “bailout” packages, plunging their countries deeper into debt to save the banks from themselves, while charging it to people of the world.

Then an uproar of stock market speculation followed, as money was pumped into the stocks, but not the real economy. This recovery has been nothing but a complete and utter illusion, and within the next two years, the illusion will likely come to a complete collapse.

The governments gave the banks a blank check, charged it to the public, and now it’s time to pay; through drastic tax increases, social spending cuts, privatization of state industries and services, dismantling of any protective tariffs and trade regulations, and raising interest rates. The effect that this will have is to rapidly accelerate, both in the speed and volume, the unemployment rate, globally. The stock market would crash to record lows, where governments would be forced to freeze them altogether.

When the crisis is over, the middle classes of the western world will have been liquidated of their economic, political and social status. The global economy will have gone through the greatest consolidation of industry and banking in world history leading to a system in which only a few corporations and banks control the global economy and its resources; governments will have lost that right. The people of the western world will be treated by the financial oligarchs as they have treated the ‘global South’ and in particular, Africa; they will remove our social structures and foundations so that we become entirely subservient to their dominance over the economic and political structures of our society.

This is where we stand today, and is the road on which we travel.”

More of this very worrying article here.

Respect to my brov for reposting this from Evil Speculator and maybe other sites.

Shocking, just shocking…

Appearing at a bookstore in the downtown Loop, Gore was confronted by a team of demonstrators from a grass roots group called “We Are Change,” as he was signing his latest fascist screed on the global warming swindle. Gore bolted from the bookstore, raced down an alley, jumped into a waiting car, and tried to speed off, with protesters chasing after him and banging on the car.

Full article here.

Could it be that people are actually beginning to pay attention?

Not if you read the MSM though or listen to politicians as there is precious little coverage of anything contrary to the standard GW theories…or is there:

Australia is leading the revolt against Al Gore’s great big AGW conspiracy – just as the Aussie geologist and AGW sceptic Professor Ian Plimer predicted it would.

ABC news reports that five frontbenchers from Australia’s opposition Liberal party have resigned their portfolios rather than follow their leader Malcolm Turnbull in voting with Kevin Rudd’s Government on a new Emissions Trading Scheme.

Rest of the article here.

A particular favourite quote would have to be the bloggers description of Australia’s urban community as

“pinko, libtard metropolitan fleshpots.”

Meanwhile Gordon Brown continues to bumble along, throwing money at things in his usual style in an attempt to hide the problems…

WAKE UP!

What is with the “news” these days??

Tony Blair and George Bush knew there were no WMD’s but, having run out of reasons to attack Iraq, just went ahead anyway!

As if it hadnt been obvious from the start, this is now being reported as “NEWS”

Global Warming (renamed Climate Change) has been clearly shown to be a sham, intended to allow Governments endless reasons to tax and control their minions…

Dubai finally admits that actually it cant afford to build a ludicrously overbudget supercity from scratch….and most all bubble asset classes go over the cliff again…

9/11 Texts released on WikiLeaks show some extraordinary inconsistencies, suggesting that perhaps the Bush regime wasnt entirely honest about things? Surely not more lies?

Is it just me or are things really starting to unravel, just as the MSM would have us all belive that things are getting back to normal and pfffew we managed to avoid a massive depression. Double dip anyone?

Modern historians will look back at the defining events in this period in history and marvel at the disgraceful behaviour that went entirely unchecked for so long…

For a more eloquently written version of this outrage and other things you can check my brothers site here, as I just noticed that we posted about the same topics at about the same time…does combined outrage make any difference?

A refreshing amount of sense from a rapper:

Not content with having over 4 million CCTV cameras in the UK (one for every 12 people), the government has now decided they need to know even more about their sheeple like population:

“All telecoms companies and internet service providers will be required by law to keep a record of every customer’s personal communications, showing who they have contacted, when and where, as well as the websites they have visited.”

Full article here.

I am not paranoid and have absolutely nothing to hide, but totally object to this in principle.

Luckily I have no plans to live there but if they can do it there, they can do it anywhere…

[Update - apparently the geniuses in charge have decided to wait until after the next election, so they can claim to have a mandate to do what they like for the next 5 years]

Another great idea that the powers that be have come up with is this monstrosity:

Police launch ‘Flying Saucer’ CCTV camera

Full article here.

Outrageous.