Thursday, November 13, 2008

State of everything today

::: Transcribed from personal myspace blog account:::

Ladies and Gentleman, out there reading this blog right now - This will probably be my last financial blog, because I am working on economyandmore.blogspot.com - Check it out and comment...

I just went back through my past postings and realized, wow... I was right about just about everything going on in the economy. I made some dire predictions, and they were right. From the stock market falling, to real estate, to interest rates, and even unemployment. Well, why is that? It is simply because I speak the truth. I am not afraid of NOT making money based on my statements. In the financial markets, it's all based on fear and greed - the person to speak the truth is silenced in one way or another. But, the truth is that peoples actions and impulses are predictable and foreseeable. But, because people want to make money, they won't tell the truth. This factored in with the truth, it will always come through - the truth.

So, what is the truth today? People are losing alot of money. People have lost savings that they made over the past 5-7 years. People are scared for their financial security. Their spending patterns are changing because of this. Banks are being greedy - and aren't lending money. What is happening? The future will pan out like this. We are in a changing time. We are in a revolutionary period where people are going from spenders to savers. The reason being is because they have no more money to spend. Children are going to grow up in the next 10 years being more frugal than the generation just before that. Over the next 10-20 years, people won't spend like they used to and the economy won't grow like it once did. We are going to see massive deflation, prices will come down, but jobs will be hard to come by also.

You can tell the future by seeing the truth. Everything is a lie, but there is truth to every lie. And if you find that truth, you will see the future.

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