Originally Posted by
BanginJimmy
It will be at 4k before the end of summer. The Russian Ruble is on the edge of collapsing and the Russians have been buying alot of our debt to secure their ruble. The Chinese economy is in a very severe downturn because of so much lower spending here. This will cause them to buy up less of our debt. The same is true of the japanese economy. The european economy is largly based on ours also and downturns here lead to high prices for the same good there.
By Nov 4 of next year we will see the rule collapse, the euro and the chinese economy will be stagnant, and the dollar will be nearly worthless. This will cause the DOW to look like the NASDAQ and we will see several forturn 500 corporations in bankruptcy or near it. Getting a loan or credit card will be impossible. All of this combined will cause countries to look over their boarders for a greener pasture. It will also push OPEC to drasticly raise oil prices and probably lead to someone attacking them to get control of their oil.
WWIII will be upon us before 2010. I wonder if the first shots will be fired by then.
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