Therefore do not worry about tomorrow, for tomorrow will worry about
itself. Each day has enough trouble of its own.

After all today is the tomorrow you worried about yesterday.

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

Call me a cynic but I just saw this hire companies logo on a van driving past and couldn’t help but feel it was suggesting that we had passed the peak on the graph of human evolution…we finally evolved to an upright lean survivor species and then sat down, got more rotund and started borrowing everything for the short term gain…

Is this really the way mankind should be going??

Crappy grainy photo using a borrowed iphone camera and tweaked in PSE but at least I was standing up at the time…:)

Saw this on a bumper sticker a few days ago in a little town up north…

Its funny though, because with a population of only 22 million and 85% of them living within 50kms of the coast, there is virtually no one living where the writing is on the sticker…

After yet another example of the Israeli governments outrageous and arrogant behaviour yesterday, protests have been global. Australia has a large Eastern European and Middle Eastern community, particularly Turkish and Palestinian so the backlash was inevitable.

Having not seen the news all day, I was cutting through the CBD after work when all the traffic ahead came to a complete stand still. I boosted up to the front to find the 6 lane junction full of hundreds and hundreds of protesters and police engaged in a testy stand off. The unsanctioned protests had caused police to close all the roads around me so I parked up the bike and took a wander. Various loud hailers were being used to work up the crowd and the down with/death to… chants rang out. Then I came across about 50-60 men in lines facing in the same direction within the crowd, all with shoes off. As they made their prostrations they just happened to have lined up facing a squad of sheepish looking policemen, giving the surreal impression that they were bowing to them…

Who can really predict the future? I dont know but these are all renown individuals and organisations making predictions about the USEconomy and the fall out for the rest of the world.

Their verdict in a word? Bleak.

Bob Chapman

First 6 months of 2010, Americans will continue to live in the ‘unreality’the period between July and October is when the financial fireworks will begin. The Fed will act unilaterally for its own survival irrespective of any political implications (source is from insider at FED meetings). In the last quarter of the year we could even see Martial law, which is more likely for the first 6 months of 2011. The FDIC will collapse in September 2010. Commercial real estate is set to implode in 2010. Wall Streetbelieves there is a 100% chance of crash in bond market, especially municipals sometime during 2010. The dollar will be devalued by the end of 2010.

Gerald Celente

Terrorist attacks and the “Crash of 2010″. 40% devaluation at first = the greatest depression, worse than the Great Depression.

George Ure

Markets up until mid-to-late-summer. Then “all hell breaks lose” from then on through the rest of the year.

Igor Panarin

In the summer of 1998, based on classified data about the state of the U.S. economy and society supplied to him by fellow FAPSI analysts, Panarin forecast the probable disintegration of the USA into six parts in 2010 (at the end of June ­ start of July 2010, as he specified on 10 December 2000

Neithercorps

Have projected that the third and final stage of the economic collapse will begin sometime in 2010. Barring some kind of financial miracle, or the complete dissolution of the Federal Reserve, a snowballing implosion should become visible by the end of this year. The behavior of the Fed, along with that of the IMF seems to suggest that they are preparing for a focused collapse, peaking within weeks or months instead of years, and the most certain fall of the dollar.

(continue reading…)

Wake up people! This is just the start…

The end result? A new world currency? How convenient…

I was taking a back route to the coast through the bush to the north of Sydney. There were no houses, just a single lane road and miles of bush. I came out on top of a hill with a view to the sea and realised I was right next to this…a little unexpected to say the least…

The religion is Baha’i which I had never heard of but is apparently the worlds youngest independent religion.

Just watched this documentary – an interesting look at different people around the world who have come together under the Breathe umbrella in Costa Rica to widen consciousness of the world around us and our responsibility to respect and protect it…

I’ve been reading Bill Brysons “In a sunburned country” – its a well researched travel book full of quirky facts about this country, so here’s a couple of nuggets he discovered:

“Acclimatization was one of the most foolish and dangerous ideas ever to infect the thinking of nineteenth century men” Tim Low

In 1859, a man named Thomas Austin imported 24 wild rabbits in to Australia (a country that had not produced any creatures like a rabbit in its entire existence), and released them in to the bush on his land as sport. As we all know, rabbits are not shy when it comes to reproduction, and as a result today there are in excess of 300 million inhabiting much of the eastern part of Australia.

In the 1920′s, camels were brought in to Australia and used to build the railroad from Adelaide to Alice Springs, but were set free when the work was completed. Today over 100,000 camels roam the central and western deserts of the country, the only place in the world where the one humped dromedaries exist in the wild.

The lesson? Perhaps to leave a country as it is…? A lesson that has been continuously ignored ever since…