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1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 01/13/2010 : 13:20:13
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Prediction 1 - WRONG
Prediction 2 - Maybe
Prediction 3 - Maybe
Prediction 4 - Probably
Prediction 5 - CORRECT
Prediction 6 - Probably
Prediction 7 - Maybe
Prediction 8 - Maybe
Prediction 9 - Maybe
Prediction 10 - Maybe
What do you all think?
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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kieblera5
Penny Hoarding Member
USA
859 Posts |
Posted - 01/13/2010 : 13:46:15
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| This is actually pretty close to what I've been saying to people. I predict that the American economy will collapse within the next five years (at the current rate, mind you). I can't pinpoint when, but I've been saying that it will most likely be 2012/2013. The downward trend of the dollar along with other factors (China, etc.) will eventually collapse us. Some say that the US is too big and powerful to collapse. That's what they said about the Roman Empire, British Empire, Titanic, etc. Nothing is too big to fail. |
Democracy is being allowed to vote for the candidate you dislike least.
Never argue with an idiot. They will drag you down to their level and then beat you mercilessly with experience.
Caller number seven gets the Peace Prize!
Get coding tips, tricks, and more at: http://codingmonday.blogspot.com |
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Gresham
Penny Pincher Member
184 Posts |
Posted - 01/13/2010 : 13:53:41
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1) Probably not, maybe in realterms if prediction four occurs.
2) They're doing this now, just not for the whole market
3) This already occurs, just on a smaller scale.
4) If I trade 1000,000 old green dollars for 10 pink dollars, how has this negated hyperinflation.
5) Most of this debt is bought by foreign governments, like China. When they stop they won't have much of a choice.
6)They don't like reporting it now, and we'll get a new Ultra-low-U3++ index that only has 5-7% unemployment.
7)For sure.
8)probably
9)probably
10) I hope so, but h'ill probably get in again. |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/13/2010 : 15:30:38
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| food for thought |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/13/2010 : 16:18:14
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The government’s narrow unemployment figure (U3) will rise into the high teens by late 2010. The government’s broader unemployment figure (U6) will cease to be reported when it reaches 25 percent—it will simply be too embarrassing. Ultimately, one in three work-eligible Americans will be unemployed, underemployed, or never-employed (e.g. college grads permanently unable to find suitable work).
This is great. since when does 25 percent equate to one third. This isn't food for thought dakota, it's a joke written by a self-loathing philistine.
I think this is a funny website, with a lot of fictional predictions. I needed a good laugh this late in the day. NICE post! |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Gresham
Penny Pincher Member
184 Posts |
Posted - 01/13/2010 : 16:26:03
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25% point where U6 becomes unreported
1/3 = 33% ultimate unemployment rate eventhough it isn't reported.
These aren't supposed to be equated; They are two separate things.
If you read the first part it said that these were worse case predictions, and it said that some of the country not all would see most of these things. |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 01/13/2010 : 16:30:23
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Still it's pretty laughable. Like looney tunes on Sunday, or Glenn Beck comedy special ( though i don't know when his show is on...  ) |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 01/13/2010 : 17:08:42
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the only one that is iffy is 7, and then just by a matter of degree. they are already giving traffic ticket for ridiculous crap.
on 10, that will happen. the only question is whether we end up with more of an authoritarian country, single world currency, or seccessions. from the point of view of the self interest of a state like california, secession makes a lot of sense. they pay tons to Washington and what do they get back? Sure, they get some federal spending, but wouldn't they rather send half as much and that half send to sacramento? This sort of thinking is going to start dawning on a lot of states very soon. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 01/13/2010 : 17:23:33
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Number 7 is the only one that is not a prediction. It is a statement of what already has occured.
"America’s ideal of honest, courteous, and impartial cops, teachers, and small-time local functionaries will have come to an end."
Ha Ha, what decade is he living in.
The rest of them are very probable, the real predictions being not could they, but how severe will they...
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copperhead57
Penny Collector Member
USA
255 Posts |
Posted - 01/13/2010 : 19:28:14
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1. Probably not
2. Maybe
3. Maybe
4. Possible
5. Possible
6. Possible
7. Maybe
8. Maybe in some areas
9. Maybe
10. Possible |
copperhead57 |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 01/14/2010 : 15:00:58
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quote:
Originally posted by JobIII
Still it's pretty laughable. Like looney tunes on Sunday, or Glenn Beck comedy special ( though i don't know when his show is on... )
It would be nice if you could explain exactly what you feel is laughable. I'd like to hear your rationale and any predictions you have.
During the Great Depression the unemployment rate got to 25%, which I believe is roughly equivalent to our U6 number (almost 18% now). Given that the problems we face are, in many ways, worse than what they saw in the 30s (massive government debt, spending and corruption) a U6 of over 30% is definately possible. |
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Alpacafarmer
Penny Pincher Member
130 Posts |
Posted - 01/25/2010 : 14:53:38
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"During the Great Depression the unemployment rate got to 25%, which I believe is roughly equivalent to our U6 number (almost 18% now). Given that the problems we face are, in many ways, worse than what they saw in the 30s (massive government debt, spending and corruption) a U6 of over 30% is definately possible."
Sorry don't know how to do the fancy quotes. In 1933 when unemployment was 24,9% they counted everyone who was 14 and up, federal, state and local governments only employed about 3% of the people. In 1933 if you were unmarried with 4 kids and no job you where unemployed now you are considered fully employed on welfare. In 1933 if you where 75 and had no job you where unemployed, now if you are 75 and living on dry cat food and want to work but can't find work you are not considered unemployed because you get $500 a month of Social Insecurity. If you add it all up the employment problem is probably worse now than then. |
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America By 2012: 10 Dire Predictions
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