longweekend58 wrote on Jun 23^rd, 2011 at 12:39pm:


So, what are your Economic & Political "predictions" for the Australia, US, UK, European, Chinese & Globally, for the next year, 5 years, 10 years & 20 years?

And WHY?

I'll save them for posterity and feed "your predictions" back at the appropriate time.

Much of my thoughts & reasoning, are already out there, but I will recast them, for the above format & post them here, shortly!

So, aside from LW's predictions, which will most likely consist of "more of the same",

any & all are welcome to post Predictions on Economics, Politics & other issues and we will compare them at appropraite times, for accuracy.

Please include reasoning, because even a stopped clock can be right twice a day, but if we know your reasoning then we can say you were right, for the right reasons, it makes a world of difference.

Doesn't it all end on the 21/12/2012?

1) Bewteen now and the end of 2012, it will become abundantly evident to almost all, that a Global Economic slowdown, of once in history proportions is underway!

This Slowdown, Recession, Depression will be like a Boa Constrictor, it will strangle the life out of you first, then swallow you whole!

There are a number of factors coming together to form this event, including -
a) The Baby Boomer Bust
Where Demand for many Products & Services, will first slow, then actually Decline over a 20-30 year period, as Baby Boomers first Retire, then start to die.
This is the natural & logical conclusion, to an 80-100 year transition from the first Boomer Birth, to the Last Boomer death.

b) Peak  Energy
The great Economic growth Enabler of the modern era is now dying and along with that death, will go the tremendous amounts of spare Energy capacity, which has enabled the growth in Population to proceed at such a rapid speed.

I hear some say, the King is dead, long live the next King!

Problems is that for many of the functions where Oil is used there is no heir apparent and even where it is possible, the transition period is many decades on a Global basis, which is much more time than we actually have left.

c) Debt  
In many countries of the world, such as the USA, UK, the Piigs of Europe & many more, Debt is already beyond control.

Those where Debt is not already a massive problem, like Australia and a select group of other countries, will soon be caught up by the Boomer & Peak Energy Busts.

As I have said previously, Good luck & watch the Debt.

Quote:



Hey Perceptions, I THINK YOU FORGOT TO MENTION THAT THE EARTH WILL BE SWALLOWED UP BY TOO MUCH CO2 OR GLOBAL WARMING TO FEED YOUR PESSIMISM.

Which 'Nostradamus' predictions?? Because there have been like 10 or 15 'End of the World' dates associated with Nostradamus' predictions so far..

AND all the 'other' predictions, have the same number of variables involved

stryder wrote on Jun 23^rd, 2011 at 5:19pm:


this thread was caused by me because I had the audacity to remind pinhead that my predictions of 4 years ago turned out pretty right and his were universally and massively wrong.

sore losers are entertaining.

perceptions_now wrote on Jun 23^rd, 2011 at 7:44pm:


as usual, pinhead you miss the acid test of a 'prophet' whish is BEING CORRECT. your reasoning is worthless if you are wrong and only of some value if you are RIGHT. and since your detailed ad nauseum predictions have been off by a wide margine no one cares about your flawed reasoning. you got it wrong. suck it up and ask yourself why or else you wil be no better than that idiot predicting the Rapture (several times) and getting it wrong.  if your methodology remains the same the results wil always be the same and in your case that means BEING WRONG.

move on.

I'd like to go on the record and predict that the next Australian of the year will be a close race between Damir Dokic and Mamdouh Habib.