I wish I had finished this earlier, for I have predicted a few things which have already come true. For example:
I knew Fedor would beat Arlovski at Affliction Day of Reckoning. I didn’t know how. But I predicted the fight would probably not make it out of the 1st round. And I was right.
Ok. I predict African Origins will be one of the most prominent and dominant emcees in Southern Hip Hop history this year. It’s gonna happen. Trust me.
And oh yeah. I predict a Great Depression II.
Peter Schiff predicts housing bubble and recession:
Ron Paul, Peter Schiff, Nouriel Roubini predicted this recession which the Mainstream Media denied for 2 years. And low and behold we have a recession. Now the same people are predicting a Depression if Government keeps up the bail out strategy.
We’ve become a consumer nation as opposed to a nation which produces. After outsourcing all the manufacturing jobs overseas. Americans consume a lot more than they produce all on credit. So now it’s time to pay. Oops, there’s no real money.
The government(Bush and more recently Obama administration) believes certain entities are too big to fail. Wallstreet got a 750+ Billion dollar bail out while the auto industry has to have hearings sell their private jets etc etc. Experts(the ones whom predicted this predicament) believe the market will correct itself. Housing will come back to it’s actual value as opposed to inflated prices. Companies dying can die and rebuild or die and spring new companies elsewhere. But the GOVT will not allow this to happen. Prolonging the process. So bad assets stay companies that should’ve failed remain and they will fail again and ask for more bail out money.
C U all later. I’m working on new stuff, so stay tuned. You can contact me on my myspace. Till next time. I’ll try to have more solutions for you; I need more research though. Peace.
African Origins' Weblog 