My predictions:
1. We will see the beginning of the collapse of the bond market. The truth about flawed fiat currencies will begin to emerge. No one will want government debt. The specter of the choice between government default and hyper inflation will haunt us all.
2. In response to a great, violent threat, President Obama will appear on television and make a heroic speech about security, the American way of life, and preserving our liberty. Despite its design, the speech will not salvage his popularity.
3. Ron Paul will be accused of racism, nazi-ism, and/or homophobia. As Ron Paul popularity grows, and as his long record of accurate predictions becomes increasingly verified by the economic crisis, his message of liberty becomes increasingly threatening to the status quo. Look for slander, followed by more extreme tactics.
4. Governments hate a free press. Look for internet regulation in the U.S. and western Europe. Secret blogging and anonymity services will become increasingly valuable. More scandals will emerge, some directly threatening, incriminating the White House. The Democratic party will attempt to salvage itself by abandoning Obama.
5. Socialist explanations for the economic crisis, which blame greed and private enterprise, will get great exposure on television and in print as government looks for reasons to increase power and taxation to cover its many irresponsible programs. The socialist explanations will gain some support, but the liberty message and the culpability of government will not go away.
6. Faced with plummeting popularity, even in Donetsk, Ukraine’s ruling party, the Party of Regions, will have to chose between failure and tyranny. They will attempt to chose tyranny.
Peter Schiff:
* Higher commodity prices will begin to hit consumer.
* Mortgage rates will continue to rise.
Gerald Celente:
1. economic crisis wake up call
2. economic unions will splinter
3. government will intensify efforts to take wealth from the people
4. crime waves
5. crackdown on liberty (in the name of fighting crime)
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