Predictions For Two Thousand Six

Much more fun than resolutions.

some others: why the US economy will tank

The current economic non-boom is largely the result of the housing bubble. The housing bubble is a direct result of the earlier telecomm / dotcom stock crash. Because the economy is so ill, the criminals and the hucksters (you know, the people in the 3-piece Armani suits that work on the Stock Exchange, own mansions and don't pay taxes) can't find any place to invest all the cash they got in shady business dealings, tax evasion and various other criminal activities (this is not chump change, a few years back it was the same size as all third world nations' debts put together), so they gamble in various places in a drunken orgy. Since the telecomm casino closed its doors, they opened another one in real estate.

Now why is the economy so ill? Well it's partly the result of the 80s and 90s and 00s' assault on labour rights, wages and benefits so that CEOs and shareholders (the drunken criminals and hucksters we just mentioned) could line their pockets. When working people don't have money in their pockets, they don't have anything to spend, and of course rich people don't spend because it's physically impossible for them to consume even a miniscule fraction of the cash they have. Which is why in 2005 whatever consumption was there was fueled by credit cards and a negative savings rate. And the rich sure as hell knew this which is why they didn't invest in it. Now what's a negative savings rate mean? It means ordinary people don't get enough money working in order to live and so they're liquidating their assets, which is pretty much what you do right before declaring bankruptcy.

You underestimate the power of US hucksters. Technology is not our comparative advantage because our labor cost is too high. Hucksterism is. They will find something else to trick the masses into investing in, perhaps using oil fears to drive it. The US husksters perfect their sales pitch in the US, the melting pot and thus testing ground of the world, and then export it to overseas franchises and partners. If that doesn't work, we send our mean but skilled lawyers at 'em. We stew 'em and sue 'em. We attract the best hucksters from the world over to keep the cycle going. Sure, it is not the most noble way to stay on top, but it sure does work. Other nations chase technology and manufacturing as the GoldenHammer, but in reality that is not where it's at because it is too crowded now. It just sounds and feels, and perhaps is, more noble to take that approach. When the bigoted European Christians didn't let the Jews take up the "best" careers, the Jews became investors and bankers, fields considered dishonorable to the Christians, and ended up on top anyhow. The US learned the same lesson. -- top

You can't swindle money from people that don't have any. US workers simply don't have money.

People forget that the Jews thought being an investor or banker was highly dishonorable. They made an exception for Christians as it was okay to charge interest on money only if they weren't fellow Jews.

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It hasn't begun yet but the beginning has been announced. http://www.zmag.org/content/showarticle.cfm?SectionID=10&ItemID=9494

Perchance he for whom this bell tolls may be so ill, as that he knows not it tolls for him.


Some predictions from ScottJohnson


JanuaryZeroSix


April 2007 Well, here we are Q2 2997, and Iran is sticking a thumb in 10 Downing Street's eye, and it could get ugly very soon folks. I think I will set up a firm to roll bandages and prepare iodine tablets, and prepackage dosimeters and their chargers. Also, there likely to be a thriving market in wind up TV sets- like wind up radios, they work when the power is out and the battery supply is scarce. Canned food is also a good thing to slide under the bed quietly, and some 5 gallon cans of gas in the garden shed- for the mower of course. It also may prove useful to get a glass jar with a few dessicant bags, a BIG pill bottle from a friendly croaker of something good like cipro or at least Vicillin, and close up the jar with a plastic lid and bury in in a shady spot in the back yard. Cipro is better as it is used to treat certain biowar agents, but vicillin is a pretty stable form of penicillin. Keep it cool (70-80* ) and it is good for a couple of years. First mushroom cloud is going to give the planet a psychological laxative, and The second will induce the screaming meemies, and all manner of hell will break loose after that. I wonder where those missing Russian nukes went to... If they ever existed besides on paper. hmmm...

Back in the day, there was a game: IF I WAS IVAN, wherein someone understanding the facts of life tried to climb into Ivan the Russian commander's skull and psych out what Ivan would do in X situation. If Iran manages to trigger a ugly mess, there's lots of interesting not nice people out there who might just do something interesting. what might they do? -KirkBailey


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