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Black Friday |
Success Or Disaster !
The Penguins Lyrics
"Read This Carefully! Then Reread And Keep It In Mind For Tomorrow's ChembioUpdate FlashAlert: The Stock Market Is In For A Big Surprise. Then, reread the latter and then be prepared for...
Your WebMasters report from Dr. Gary North's, Ph.D., member website, November 28, 2008:
"Black Friday is the day after Thanksgiving. It is supposed to be an indicator of consumer spending for Christmas. This, in turn, is supposed to indicate consumer confidence.
"We already know what consumer confidence is: missing in action. Maybe people will buy today 'for the kids.' Maybe not. It will not matter in January if they splurge today. The economy will still be in recession.
"The secret of economic growth is not consumer spending. It is saving. There has to be capital formation.
"Capital formation will end in 2009. The U.S. government will absorb savings. The deficit will increase by a trillion dollars, minimum. The Treasury must roll over a third of the existing debt. It must find at least $3 trillion, in addition to the $1 trillion.
"The recession will kill business spending/investment. The deficit will lure capital from the private sector (risky) to the government sector (wasteful but guaranteed).
"This is why the economy is in for a long recession.
"The stock market has risen due to blind confidence that 'we have reached the bottom.' How can the stock market reach a bottom before the recession is in its final phase? The stock market went down for a year and a half after the recession of 2001 ended. That was a mild recession. There will be nothing mild about this one. It will be deep and long.
"This is a worldwide recession. Asia is hurting. Europe is hurting. Every sector is hurting. There is no visible engine of recovery.
"Mrs. Joe Sixpack is worried. So is Joe. She may splurge on the kids. Or the retailers may bite the bullet and offer post-Christmas prices. This is likely: profits will be dismal, and some retailers will go bust in January.
"When the Christmas bills arrive in January's mail, the consumer will go into gridlock.
"February will be worse.
"The layoffs will begin in earnest in February -- Obama's first full month on the job."
Are You Prepared For This...?
In The MeantimeRun For Your Life
From now on, Folks, it's gonna get pretty rough! In fact, downright cussed.
Mr. Ugly Will Show Before Long.
But For Now...Keep RunningKeep Your Purse and Scrip With You—Luke 22:36And NowGet Two Guns—Luke 22:36–38Before The New Dude Won't Let You Have Them
Times in America will change rather abruptly.
Your WebMasters suggest you check your
Medicine Supply/List.We Feel This Is Going To Be A Long, Hard Siege
Get Prepared...Time Is Short Now...
Other WebPages of Interest: Purifying Water ¦ When The Hell Breaks ¦ Gun PageGalactic Plane
The Impact and Its Consequences
The Rocks Are Coming
A City Being Stoned
It is Now time to start downsizing....do you really need three or four vehicles...Cable or Direct TV... etc.?
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