Country Living Series

Saturday, May 15, 2010

Predictions for the rest of 2010

These were forwarded to me. Make of them what you will.

Bob Chapman
First six 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 six months of 2011. The FDIC will collapse in September 2010. Commercial real estate is set to implode in 2010. Wall Street believes 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.

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).

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.

July and onward things get very strange. Revolution. Dollar dead by November 2010.

LEAP 20/20
2010 Outlook from a group of 25 European Economists with a 90% accuracy rating - We anticipate a sudden intensification of the crisis in the second half of 2010, caused by a double effect of a catching up of events which were temporarily « frozen » in the second half of 2009 and the impossibility of maintaining the palliative remedies of past years. There is a perfect (economic) storm coming within the global financial markets and inevitable pressure on interest rates in the U.S. The injection of zero-cost money into the Western banking system has failed to restart the economy. Despite zero-cost money, the system has stalled. It is slowly rolling over into the next big down wave, which in Elliott Wave terminology will be Super Cycle Wave Three, or in common language, "THE BIG ONE, WHERE WE ALL GO OVER THE FALLS TOGETHER."

Joseph Meyer
Forecasts on the economy. He sees the real estate market continuing to decline, and advised people to invest in precious metals and commodities, as well as keeping cash at home in a safe place in case of bank closures. The stock market, after peaking in March or April (around 10,850), will fall all the way down to somewhere between 2450 and 4125 during the next leg down.

Harry Dent (investor)
A very likely second crash by late 2010. The coming depression (starts around the summer of 2010). Dent sees the stock market--currently benefiting from upward momentum and peppier economic activity--headed for a very brief and pleasant run that could lift the Dow to the 10,700-11,500 range from its current level of about 10,090. But then, he sees the market running into a stone wall, which will be followed by a nasty stock market decline (starting in early March to late April) that could drive down the Dow later this year to 3,000-5,000, with his best guess about 3,800.

Richard Russell (Market Expert)
(from 2/3/10) says the bear market rally is in the process of breaking up and panic is on the way. He sees a full correction of the entire rise from the 2002 low of 7,286 to the bull market high of 14,164.53 set on October 9, 2007. The halfway level of retracement was 10,725. The total retracement was to 6,547.05 on March 9, 2009. He now sees the Dow falling to 7,286 and if that level does not hold, “I see it sinking to its 1980-82 area low of Dow 1,000.” The current action is the worst he has ever seen. (Bob Chapman says for Russell to make such a startling statement is unusual because he never cries wolf and is almost never wrong)

NiƱo Becerra (Professor of Economics)
Predicted in July 2007 that what was going to happen was that by mid 2010 there is going to be a crisis only comparable to the one in 1929. From October 2009 to May 2010 people will begin to see things are not working out the way the government thought. In May of 2010, the crisis starts with all its force and continues and strengthens throughout 2011. He accurately predicted the current recession and market crash to the month.

Lyndon Larouche
The crisis is accelerating and will become worse week by week until the whole system grinds into a collapse, likely sometime this year. And when it does, it will be the greatest collapse since the fall of the Roman Empire.

Wall Street Journal - (2/2010)
"You are witnessing a fundamental breakdown of the American dream, a systemic breakdown of our democracy and our capitalism, a breakdown driven by the blind insatiable greed of Wall Street: Dysfunctional government, insane markets, economy on the brink. Multiply that many times over and see a world in total disarray. Ignore it now, tomorrow will be too late."

Eric deCarbonnel
There is no precedence for the panic and chaos that will occur in 2010. The global food supply/demand picture has NEVER been so out of balance. The 2010 food crisis will rearrange economic, financial, and political order of the world, and those who aren’t prepared will suffer terrible losses...As the dollar loses most of its value, America's savings will be wiped out. The US service economy will disintegrate as consumer spending in real terms (ie: gold or other stable currencies) drops like a rock, bringing unemployment to levels exceeding the great depression. Public health services/programs will be cut back, as individuals will have no savings/credit/income to pay for medical care. Value of most investments will be wiped out. The US debt markets will freeze again, this time permanently. There will be no buyers except at the most drastic of firesale prices, and inflation will wipe away value before credit markets have any chance at recovery. The panic in 2010 will see the majority of derivatives end up worthless. Since global derivatives markets operate on the assumption of the continued stable value of the dollar and short term US debt, using derivatives to bet against the dollar is NOT a good idea. The panic in 2010 will see the majority of derivatives end up worthless. The dollar's collapse will rob US consumers of all purchasing power, and any investment depend on US consumption will lose most of its value.

Alpha-Omega Report (Trends Forecast)
Going into 2010, the trends seemed to lead nowhere or towards oblivion. Geo-politically, the Middle East was and is trending towards some sort of military clash, most likely by mid-year, but perhaps sooner...At the moment, it seems 2010 is shaping up to be a year of absolute chaos. We see trends for war between Israel and her neighbors that will shake every facet of human activity...In the event of war, we see all other societal trends being thoroughly disrupted...Iran will most likely shut off the flow of oil from the Persian Gulf. This will have immense consequences for the world’s economy. Oil prices will skyrocket into the stratosphere and become so expensive that world’s economies will collapse..There are also trend indicators along economic lines that point to the potential for a total meltdown of the world’s financial system with major crisis points developing with the change of each quarter of the year. 2010 could be a meltdown year for the world’s economy, regardless of what goes on in the Middle East.

Robin Landry (Market Expert)
I believe we are headed to new market highs between 10780-11241 over the next few months. The most likely time frame for the top is the April-May area. Remember the evidence IMHO still says we are in a bear market rally with a major decline to follow once this rally ends.

John P. Hussman, Ph.D.
In my estimation, there is still close to an 80% probability (Bayes' Rule) that a second market plunge and economic downturn will unfold during 2010.

Robert Prechter
Founder of Elliott Wave International, implores retail investors stay away from the markets… for now. Prechter, who was bullish near the lows in March 2009, now says the stock market "is in a topping area," predicting another crash in 2010 that will bring stocks below the 2009 low. His word to the wise, “be patient, don’t rush it” keep your money in cash and cash equivalents.

Richard Mogey
Current Research Director at the Foundation for the Study of Cycles - Because of a convergence of numerous cycles all at once, the stock market may go up for a little while, but will crash in 2010 and reach all-time lows late 2012. Mogey says that the 2008 crash was nothing compared to the coming crash. Gold may correct in 2009, but will go up in 2010 and peak in 2011. Silver will follow gold.

James Howard Kunstler (January 2010)
The economy as we’ve known it simply can’t go on, which James Howard Kunstler has been saying all along. The shenanigans with stimulus and bailouts will just compound the central problem with debt. There’s not much longer to go before the whole thing collapses and dies. Six Months to Live- The economy that is. Especially the part that consists of swapping paper certificates. That’s the buzz I’ve gotten the first two weeks of 2010.

Peter Schiff (3/13/2010)
"In my opinion, the market is now perfectly positioned for a massive dollar sell-off. The fundamentals for the dollar in 2010 are so much worse than they were in 2008 that it is hard to imagine a reason for people to keep buying once a modicum of political and monetary stability can be restored in Europe. In fact, the euro has recently stabilized. My gut is that the dollar sell-off will be sharp and swift. Once the dollar decisively breaks below last year's lows, many of the traders who jumped ship in the recent rally will look to re-establish their positions. This will accelerate the dollar's descent and refocus everyone's attention back on the financial train-wreck unfolding in the United States. Any doubts about the future of the U.S. dollar should be laid to rest by today's announcement that San Francisco Federal Reserve President Janet Yellen has been nominated to be Vice Chair of the Fed's Board of Governors, and thereby a voter on the interest rate-setting, seven-member Open Markets Committee. Ms. Yellen has earned a reputation for being one of the biggest inflation doves among the Fed's top players." Schiff is famous for his accurate predictions of the economic events of 2008.

Lindsey Williams
Dollar devalued 30-50% by end of year. It will become very difficult for the average American to afford to buy even food. This was revealed to him through an Illuminati insider.

Unnamed Economist working for US Gov't (GLP)
What we have experienced the last two years is nothing to what we are going to experience this year. If you have a job may not have it in three to six months (by August 2010). Stock market will fall = great depression. Foreign investors stop financing debt = collapse. 6.2 million are about to lose their unemployment.

Jimmy "Doomsday"
DOW will fall below 7,000 before mid summer 2010- Dollar will rise above 95 on the dollar index before mid summer 2010- Gold will bottom out below $800 before mid summer 2010- Silver will bottom out below $10 before mid summer 2010- CA debt implosion will start its major downturn by mid summer and hit crisis mode before Q4 2010- Dollar index will plunge below 65 between Q3 and Q4 2010- Commercial real estate will hit crisis mode in Q4 2010- Over 35 states will be bailed out by end of Q4 2010 by the US tax payer End of Q4 2010 gold will hit $1,600 and silver jump to $35 an oz.

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


  1. Good Grief! Reading this stuff could make everyone head for the bridge. Let's think positive. We will do what we can for this day and prepare some for tomorrow best we can. It's all in God's hands. Let's hand together and believe in the good.

  2. Thanks for posting. Depressing as it may be it does nudge us to prepare now. The upside is that even if it doesn't happen, were that much more ready for when it does...

  3. Since my husband is on his 13th month of unemployment, none of this is a shock to me. Our income is less than half what it was 14 months ago. We've trimmed ALL the fat from the budget and are only paying the mortgage, utilities and gasoline so I can keep MY job. We are better off than most in our position because we have NO DEBT other than the mortgage. We have a small garden and a few hens for fresh eggs to supplement our grocery money. We sell about a dozen eggs per week which pays for the chicken feed. Even after 13 months of a personal shtf situation, we are not behind on our mortgage, have accumulated a few extra preps and still have no debt ...I am grateful, but I am apprehensive about things getting even worse. We have nothing left to trim in the budget and our mortgage payment is equivalent to rent prices, so even selling the house would not better our situation. God help us if things get any worse.

  4. If you hear the words"bank holiday" on a weds. or thursday then you can consider it too late to do anything about it. It has happened before but this one would be different in that they will reopen on Monday (probably) with new rules and monetary values. What will happen? Chaos would be my guess. The theives are guarding the vault. Pray to God for protection and guidance in the days ahead.

  5. Hey, Patrice.....can I come live with you when t.s.h.t.f.? just joking.....sorta

    Pray, hope, don't worry!

  6. Actually, Walburga, you'll be standing in line behind about 20 other people who are promising to come live with us when TSHTF. Our house, while it isn't small, will be a wall-to-wall bunkhouse. LOL, I think....

    - Patrice

  7. It is funny to me how there are those who call us survivalists, I like to think of us as "Realists" when the writing is on the wall, the ignorant will fall. It is sad, but the reality is, I would rather be prepared and it not happen than to wait until it does.
    Thank you Patrice for all the hard work you have done to keep us up to date, I have truly enjoyed reading your work. We are here in western Washington and are about 80% off grid, wind and solar is next. Haven't been to a grocery store since September 09' and don't miss it one bit! Hard, yes as you know, but definitely worth every second.
    Take care, Don

  8. This highlights a serious question I have about TSHTF - For all the prep work we do, what do we do when our less prepared friends, neighbours and family start showing up at the doorstop, desperate for food, shelter and supplies? How far does charity go? What are your thoughts on this?

  9. Actually, Anonymous, we've thought long and hard about that very question. We're Christians, so of course we'd like to think our actions would be charitable. But we simply cannot feed and shelter everyone. We figure we'll take in a predetermined laundry list of friends and relatives. We'll take them in gladly and with joy. But it would also be with the expectation that we're not running a hotel. Everyone would have to work, together, or none of us would make it. That would include guard shifts day and night over livestock, etc.

    As for strangers - well, I don't know. Perhaps we could have "handout bags" and then send them on their way, but clearly we cannot feed and shelter everyone who comes to our door. It is physically impossible.

    And I hope God understands...

    - Patrice

  10. From Save the Canning Jars:

    I live on 1 acre in town and we have 48 relatives within walking distance of our house. If only 4 people show up to be fed and cared for, my 6 month supply is cut in half to 3 months. The more people who show up for help...well just do the division! I'm trying to build my stock and some nights I don't sleep well just thinking about how quickly it could be depleted. This is not fear talking, this is wrapping my brain around reality.

    We handled warning the family by speaking to them about current events and the need to prepare. (They don't want to hear.) When we saw them taking cruises and trips to Florida instead of making any preparation, then I started emailing them WND and Drudge Report articles. (I'm a retired nurse and I tend to just want to pinch noses and pour "the medicine" right down and say, "You need this. This is good for you!" Yes, they need to know the seriousness of the hour in which we live.)

    There are 3 apartment complexes within one block of my house. Just one week without food and I'll have 200 people I don't even know looking over my fence while I cook my family's evening meal. It is now clear to me that I need to move to the country.

    In addition to warning family, I have warned friends about the trouble that appears to be on the horizon, which resulted in "We're coming to YOUR house"! NO!!! I can't take care of so many people.

    The new plan is to send them to the feeding mission. But we've already sent supplies ahead of them. My family has sent thousands of dollars on grain, grinder, pans, water filtration, food supplies to start a "food savings account". Their current need is so great, it was hard to convince the directors that this is for the future hard times and not the current hard times. I taught them to grind grain and bake bread. I've taught preparedness (like I'm prepared???) We continually give to them...1/2 of what we bring for the immediate use and 1/2 for future use.

    We've never gone down this path before. We're trying to fake it until we can make it!

  11. About 3 & 4 years ago I wrote all of my reps (SD) and asked them what would happen it the dollar were to collapse. Would I be put in a debtors prison? Would I be used as "forced labor"? Of course, not one of them responded.

  12. Anyone who is familiar with the writings of Herbert W. Armstrong will not be shocked or surprised by the predictions listed in your blog entry. I applaud those of you who are at least trying to fend for yourselves, but in the end, if you don't depend fully on God to supply your needs in these last days, you will not survive.

  13. I keep telling people that this would happen. No one listens.

    Thanks for backing up my predictions.


  14. Do you ever feel like Noah when he built the arc? We sure do. Even our friends who are "waking up" are not "prepping up" (at least not at the rate that will do any good). People definitely tend to not want to hear about this sort of thing (even the ones who are waking up politically). Some of our friends have even started to distance themselves a bit, which kind of hurts.

    Thanks for spreading the words or warning. May God be very near to us all. May we be very near to Him. And, Psalm 91.


  15. Beans, rice, and non-scented bleach:

    I am packaging beans and rice to hand out to anyone who shows up, along with directions on how to strain water then sterilize it with bleach. I hope to find some baby food jars or other small jars to distribute the bleach in. (Any ideas for good containers for small amounts of bleach?) I thought I might also include information on edible wild plants since we live in the country.

    That is all the help I plan to offer except for our elderly parents and our children, who I am trying to store enough for. We just can't do more.

    Beans and rice can go a long way and they are cheap. Wells abound in my area as well as natural springs and creeks. Water to cook them with should not be an issue.

    If you live in town, have a large rain water collection system. Perhaps be ready to install one on a large municipal building, (to draw people away from your home,)for the community.

    I have bought a lot of open pollinated seed and if it ever comes down to it plan to "grow seeds" to help other people get a start.


  16. I recently heard of the concept of a "ticket". The idea is that when you have people say that they will come and live with you when the SHTF, you say, that is fine as long as you have a ticket. Then you give them the list of things that they should have in order to avoid depleting your resources. If they want to come, they know they need to come with those supplies. They could make it easier by purchasing the items and having them in place at your property. Then the ticket is paid and all they have to do is show up.
    -Tim in Seattle

  17. Tim,

    Excellent idea. I wish I had a place so I could had out tickets. If the SHTF this year then I am in trouble but if it waits a bit then I might have some land to stay on. We will see. I truly am ashamed that I waited so long to learn how to prepare. We all deserve what we get. God is in control.

  18. I'm not a religious person,so I don't go in that direction, but I will say that my DH and I are preppers. No, we don't have what we should, but the garden is growing and I'm proficient at canning. We hunt, fish, and know how to sterilize water. We are working on buying land, and have researched cob homes. If SHTF before we move, we'll be prepared. If we can get the land and home built, we'll still be ok. We currently live on an acre, and use another quarter acre of his dad's pasture for the garden. I have meat rabbits, chickens, and a goat, not to mention a very protective Mastiff. lol

    I told DH that should all of his family and their kids descend upon our home, then they better come packing supplies and be ready to work. Nothing here is free. If you come knocking, then hoe a row, help me skin the rabbits, or can the beans. I'll give you a meal and send you on.

    I think your blog is great, and if you don't mind I'd like to put a link to it on mine. Of course, my blog is just a rambling of daily life, with a lot of ranting, but I think the folks that drop in would like to read what you have here. If nothing else, it will back up what I've been telling them all along.

    I could go on and on, but for the sake of your readers, as well as yourself, I'll just keep reading your stuff!! ;-)

  19. Good riddance, now we only need a meteor to finish this sick joke

  20. Was that directed at me?????

  21. wierdly, it was directed at himself.

  22. Good grief people, get a hold of yourselves.
    This is what happens when a society puts so much emphasis on material things. All this because we got a black man in the white house!
    Oh, let's not forget the wonderful job done by the previous administration.
    Shame on you people!!!
    A HOUSE DIVIDED, CANNOT STAND! wake up and stop all this nonsense, please.
    Personally I'm doing great; since I have ALWAYS lived way below my means.

  23. It's not because he's black, it's because he's an idiot. Many of us didn't feel the need to prove we aren't bigots. This is serious and "yes" W didn't help matters but Pelosi and Reid and O have done unimaginable damage to this country. If you'd stop drinking the koolaid and listening to MSNBC and NPR you might get to the truth of the matter. If you're doing great, good for you, make sure you have enough to feed the rest of the jerks out there who think they are doing just fine cause the welfare's going to stop real soon.

  24. Reading those predictions today, July 2011, is hilarious.

    Those guys should bow their head in shame and resign from whatever business they are in!

  25. its oct. 2011 gold is worth more than ever.and the dollar is still fairly useful. sorry guys, swing and a miss!!

  26. So, just because the timing of the predictions was off, you're prepared to dismiss it out-of-hand? Today I am reading this and thinking that even though these disastrous things were somehow diverted by whatever temporary means, we are still heading for very hard times in this country. I don't think the policies and financial habits of our government can be sustained for much longer.

  27. So, just because the timing of the predictions was off, you're prepared to dismiss it out-of-hand? Today I am reading this and thinking that even though these disastrous things were somehow diverted by whatever temporary means, we are still heading for very hard times in this country. I don't think the policies and financial habits of our government can be sustained for much longer.