GEAB forecasts Next Financial Tsunami in March 2009

• GEAB has just released their next world forecast. You can get it at :  New tipping-point in March 2009: ‘When the world becomes aware that this crisis is worse than the 1930s crisis’  
   
• In essence, GEAB is saying that the next crisis climax will be in March 2009. It will cause the world to realize that we are headed for the Great Depression of the 21st century. People will stop deluding themselves into thinking that governments of the world have a handle on the problem and it will go away.
   
• This is pretty much what I have also been saying all along. Interestingly, in 1 of their charts, GEAB asks : Another Depression or Another World War? Let me just say that it will be both. History people! History! The 1st GD started in 1929 and in 1939 world war broke out! Some people say that the world war was started by Illuminatis to cull the “useless eaters” and to reboot the economy. No use having alot of sheeple slaves if you are dead broke and in trouble yourself. Who knows?? Right?
   
• For those invested in stocks, history tells us that the DJIA only recovered to their 1929 highs 25 years later ie 1954. And that is provided the company whose share you bought did not go bust ! I have been out of the market since April-May 2008. Won’t touch it with a 10 feet pole. If you want to be slaughtered continue holding your shares for the long long long run. Just remember “In the long run we are all dead !” – John M Keynes .
   
• Martin D. Weiss has good advice in : Deflation strikes hard! What to do  , quote : 
   
  Consider Dad’s tale of the average investor’s woes in America’s First Great Depression, and you’ll understand what I mean:
  

  “I was a young broker in 1930, and the advice my senior colleagues gave out used to make me cry inside. ‘Just hang on to your stocks for the long term and ride out the storm,’ they said.

  “The results were devastating for their clients.

  “If you bought the average stock in 1929 and held on until 1932, you wound up with about 10 cents on the dollar. And that’s if you bought the good stocks — the ones that survived. If you bought the bad stocks — in bankrupt companies — you’d be left with nothing, a big fat zero.

  “Then, even if all of your companies survived, it wasn’t until 1954 — 25 years later — that you could finally recoup your original investment, provided you could stick it out that long.

  “Unfortunately, most people couldn’t. They lost their jobs. They risked losing their house. So they were forced to cash in their stocks with huge losses. For them, the idea of ‘holding on for the long term’ was a joke, an insult, or both. They didn’t have that choice. Later, when the market eventually recovered, they never got the chance to recoup their losses.”

• Wakey wakey !! See the market retracing higher in a bear rally? Time to sellout. Don’t wait till it crash to DJIA : 4800, S&P 500 ? That seems to be where they are heading !
   
• In the 1st GD many companies including sound ones got caught up in the credit contraction, cash flow crisis, inability to get financing.. and collapsed ! Doesn’t this just remind you of the many brand name companies in America now?
   
• GEAB mentions : The risk of sudden collapse of all capital-based pension systems . After WW2, we had a Baby Boom generation. Population increased greatly. As you know these people have been working pretty hard and contributing to their pension, social security, Medicare … The retirement age is 62, so those borned in 1946, is retiring in 2008. More and more of these Baby Boomers are retiring and they will be collecting  their social security & Medicare.
   
• What exactly did the US government do with all the social security, Medicare funds they have been collecting for the past 62 years? Essentially, they have spent it all away. They have treated it like normal tax revenues. Spend, spend, spend…
   
• Do you understand the deep shit America is in now? More and more retirements of Baby Boomers. Less and less contribution to social security and Medicare. Now that we are in the initial phase of the next Great Depression, doesn’t take a genius to realize that tax revenue will collapse!
   
• So whatchagonnado?? whatchagonnado?? Looks like Bernanke will just turn on his electronic money printing press and ‘Hey Presto!’ more US dollar pops out. US dollar is Dooooooooom!
   
• The recent fiasco in the stock market has meant that many pension funds worldwide have lost their pants!
   
  More Dutch pension funds in trouble
  Colorado’s pension fund in trouble
  Pension Funds Get Ready To Risk Payouts
  Could State and Municipal Pension Funds Be In Trouble?
  Is Calpers in trouble?
     
• It is not going to be pretty next year. Actually next 7 years! As US dollar gets progressively devalued, you are better off stocking more food and buying Gold to preserve your hard earned money.

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