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willhelmfollowshare
3-9-2008 5:47 PM231 views
willhelm says:
6) China's stock market will collapse next year. China will go into a recession. There will be huge amounts of violence

7) Multiple banks will probably go insolvent. They are holding too much crap paper. There will be an extreme tightening of consumer debt of all kinds, including consumer loans, credit cards and mortgages (this is already beginning, but you ain't seen nothing yet). Even people with good credit will start having difficulty getting loans.

8) Protectionism is going to get stronger. Even if Clinton, a free trader, is put in power, by the time the 2010 Congressional elections are over no "free trade" bill will be able to pass Congress and in fact actual tariffs are likely to be put in place.
9) I wouldn't be surprised, at some point, to see capital controls put in place to stop money-flight from the US.

10) When the full extent of how bad things are hits Joe Public, expect a move for reregulation of Wall Street and to reinstitute something similiar to Glass-Steaga
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6-3-2008 11:14 AM
willhelm
I'm really surprised more clippers were not interested in these Leftist predictions. They do not seem to be working out so well. It's early I guess.

No one noticed the Fascist refrain at the end?

FDR wasn't just a man. FDR was a movement.
So let's start making an FDR.
And the surge is a failure!
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