The Crystal Ball strikes again! Finally the financial world has caught up to my predictions! Most agree a recession is here! Gee, I still wonder how a ordinary guy like me can know this and the "experts" can't see it. That's why I'm known as the Crystal Ball!
Now, we will hear how it won't last very long. Lets take a look at the top ten reasons for the Economic Disaster heading our way. Not even Osama could do this on 9/11 but our corrupt system managed it within a year.
1. We've got lower interest rates and banks that don't lend.
2. We have equity values being diminished by "New Rules" from the mortgage Industry wiping out what little is left of home values and drying up investment opportunities.
3. 29.75 percent interest rates on credit cards.
4. Higher credit scores needed for credit and beyond what is necessary.
5. $700.00 a month electric bills and $400.00 a month gas bills. Utilities are starting to get more expensive than someone's rent. Who wants to be a first time buyer?
6. $800.00 hotel rooms and you still have to pay 28.00 to park your car.
7. $18.00 BLT's and $15.00 drinks.
8. $150.00 late payment fees on a $600.00 car payment. Even bills that aren't late.
9. Dependancy on foreign oil and one U.S. Oil company raking in 1 billion in profits, driving up the costs. Damn those Polar bears who have actually doubled in population.
10. Politicians that want to raise your taxes. The well is dry! Stop spending more than you make!
The Governments remedy? $300.00 rebates! Now go have a party knowing that when you get over your hangover all will be right again.
Until these facts are addressed, the country will continue the downward spiral similar to that of a Kamikaze Pilot in WW2 and head right for a depression if we aren't already in one. I believe we are. Grab on to your gonads and stuff that money under your mattress! Is anybody out there?
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