Economist John Williams of ShadowStats.com about exploding M3 money supply growth and depression.

[roamer65]

I think this is a "must watch" for anyone interested in trying to preserve some of their wealth.

http://money.cnn.com/video/#/video/news/2008/02/28/news.hunter.shadowstats.Feb28.cnnmoney

[Birthmark]

1. La-la-la-la-la-la-la-la-la-, la-la-la-la-la-la-la-la-la-la

There, now my stress level has returned to normal.

Yes, things are going to get ugly over the coming months.

[Hydra]

2. Too bad I have no sound

But I knew we were in bigger trouble than the fed wants to admit. They're sweating bullets for some reason...and anything that makes them nervous is BAD NEWS.

[Joanne98]

3. OMG

[Donnachaidh]

4. he sees the big D -- DEPRESSION within a year?

OMFG.

[roamer65]

7. Yup, he does. An inflationary depression...

where your wealth is being wiped out as the depression rolls along.

One minute positive of the Great Depression was that it was a deflationary depression. If you had cash you basically had no worries. Now we do have worries if John and many others prove to be correct...

[HCE SuiGeneris]

5. KnR

[NJCher]

6. Trends forecaster said there was so much money they'd printed

There was no way we could ever go for getting the extra dollars out of the system. I wish I could remember the terms he used but I can't. Here's a little more of what he said, which I posted on this thread:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3216266#3216462

He said the Fed is doing exactly the opposite of what it should be doing: flooding the market with dollars. Instead, it should be contracting the money supply. Essentially, this guy is saying the same thing.



Cher

[cliss]

16. Thanks Cher for your references to Gerald Celente.

I tried to post a comment to your reference on a different thread, but was unable to.

Gerald Celente: This is a future prognosticator, he's been around since the '80's. He first predicted that the Iranian revolution. He's had a very consistent track record ever since.

I've read almost all of his books; one of his best is "Trends 2000". In that book he predicts how things will turn out and I'll be darned if he wasn't right all along.
Now some of the things he predicts he's too early on. Like Holistic Centers, and shopping centers becoming ghost towns. And then later turning into healing centers. Or people turning their lawns into gardens. He's a bit early - but he's right on.

By paying attention to his advice, we as a family have avoided disasters, or staying out of trouble like stock market investments, or spending too much on a home mortgage (he knew it was going to crash).

Here's a link to his "prediction page"
http://www.trendsresearch.com/journal07.html

[Greyhound]

8. K & R # 5

Funny how this guy has been trying to tell us for many years what is coming (I found him in the late 90s) and has been suppressed, ridiculed, and ignored, while prediction after prediction has been born out.

Now, what's on the Sunday morning shows?
:kick: & R

[PSPS]

9. This explains what they did two years ago - stopped publishing the M3

Remember two years ago when bush "mysteriously" decided to stop publishing the M3 money supply data?

Now we know why.

[roamer65]

11. You got it! This will be the largest debt monetization in our history.

I am betting it will top out at $3 to 4 trillion dollars.

[lonestarnot]

26. Ah yes! I knew they were up to it with that deal. Yes, now we know snort!

:rofl: What good is it going to do us?

[smoogatz]

10. Hold onto yer hats.

I don't think anybody really knows what's going to happen next. The current situation is entirely unprecedented, IMO—a potential perfect storm. Thanks, W!

[alfredo]

12. I knew the shit was going to hit the fan when they said they were not going

to inform us about the M3.

[Double T]

13. The WH, FED, Congress, wall street and corporate criminals have sold out our nation.......

and left US with NOWHERE to go and NOWAY out. Recessions and depressions can be fixed with NEW responsible leadership. I don't believe the SELLOUT can be fixed for many, many, many decades.

[earth mom]

14. There you have it. The "D" word. How many of us have had the gut feeling it was coming?

How many financially savvy people warned us here on DU? How many threads have there been warning us all?

I'm no financial expert, but even I could see and feel that things have been totally out of control for a few years now especially with all the info here on DU.


So what the hell do people like me & my dh do now? We have no savings, no investments. All we have is a mortgage, small car payment (less than a year left on it) and bills.

Our only saving grace is we don't have credit cards and dh has a super secure job that he won't lose. But that won't buy groceries or gas for long if they cost many times more than what they cost now.

:scared:

[GreenPartyVoter]

21. We are in a similar boat. Own the trailer, rent the lot, paying for the cars, no savings, hubby

is self-employed which means income is hit-or-miss. We already get food from the food bank and I have been hearing that many of them are struggling to find enough food to put on their shelves. It's going to get really bad at some point.

[earth mom]

22. Can you grow a garden?

We just ordered heirloom seeds ourselves and have some fruit trees and berries that have been long established on our property. Many of the threads here on DU over the years have suggested growing a garden then canning, freezing, drying the food. Plus they recommended stocking up on canned goods and other items too. However, I haven't done as much stocking up as I probably should have, mostly because I'm not sure how much we'll need. Another issue is that we really have no room to store more than a couple of months of supplies. We can't put edibles in the detached garage because we've had mice out there, though we do have a few very good mousers that take care of the problem now.

You know, I'd bet most people in this country are in the exact same boat that you and I are in. And that's VERY scary. :scared:

[GreenPartyVoter]

23. The landlord probably would let us. And dad and Nana have land but it's

a long ways to go to care for it everyday. (And they aren't in any shape for it.) We might well consider planting something, but I only have the vaguest memories of my mother canning things when I was a kid. I have no idea how to do it myself. :(

[earth mom]

24. I've never canned either. We haven't even had a veggie garden in a few years...

but in the past we gave away what we couldn't eat throughout the summer. This year, we'll be buying all the stuff needed to can, dry and freeze.

We ordered Heirloom seeds from these 2 companies:

http://www.rareseeds.com/

https://www.seedsavers.org/

The seeds in the first link are cheaper than the second, but we ordered from both for different varieties. This will be our first time using heirlooms. My husband is a nut for his veggie garden and the only reason we didn't have a veggie garden the past few years was because of his job. This year we're going to fit it in because it's a necessity. Plus it should be a distraction from the cares of the world-we even ordered a couple of fun seeds like blue potatoes and giant pumpkins. :D

I hope that you can plant a garden near your home or borrow some space from your family. Is there a neighborhood garden nearby that you can have a plot in? I know there are a few around here. :hi:

[GreenPartyVoter]

25. We live in a trailer park with a very large field separating the two roads. Our biggest issue

aside from the rocks and weeds would be the deer and other critters. One year I planted some herbs in a window box planter I had set on the ground. Every morning I would come out and something or other had turned the dirt all over to gets at the seeds. LOL

[elifino]

15. The Liquidity Report was discontinued 1998

This report contained debt not covered in the M3. That is the debt which I think is as important as that contained in the M3. Both should be available to get a complete picture of the financial health of the country.

See this link: http://www.financialsense.com/editorials/conrad/2005/1122.html

[Dreamer Tatum]

17. Downturn is gathering torque right now

The decreases in the prime haven't yet had the effect they usually would, since the liquidity has yet to be
passed down to consumers and some commercial borrowers. If that effect takes place, however, the inflationary
impact could be incredible.

[Adsos Letter]

18. And now is the time when it is going to be oh-so-important...

for Americans to think seriously and as rationally as possible about the words coming out of our leaders mouths...no matter WHICH side of the aisle they are speaking from.

I am not pointing any fingers here...not at any particular person...but, historically, times of extreme economic hardship have given rise to demagoguery both at home and abroad, as we all well know. And, while it has historically come more from the Right than the Left in America, it CAN come from either side.

Time to move to the countryside...if not already too late.

[Donnachaidh]

19. you are referring to Germany in the 30's, yes?

Desperate people will follow any pied piper - who promises quick fixes but actually starts taking over everything. Like that funny little mustachioed guy whose name began with an "H"....

All the more reason to really LISTEN and *do the math* on what is being promised. He made lots of promises, and frightened people got behind him, not realizing they were clinmbing into a handbasket - final destination - Hell.

DAMN -- I wish John Edwards hadn't dropped out. :scared:

[Adsos Letter]

20. He is but one of many, although he provides the most notorious expression of it...

many voices were contending for attention here in the U.S during the 1930's...people like Father Coughlin, William Pelly and the "Silver Shirts," etc. We were very fortunate to get an FDR rather than a homegrown "Hitler."

Who in our potential leadership has the actual personal integrity and appreciation for values of Liberty that FDR had? Who has the wisdom and daring to try new things, while respecting basic freedoms? Who has the character to give us courage?

I'm lookin' around...and I'm really not seein' it...

Maybe I'm just blind. :(

[Ghost Dog]

29. And the fear factor is already installed in the American psyche,

thanks to the mass media.

And it's the worst kind of fear - fear of the Other, of Outsiders, Aliens, Foreigners - when in fact what Amerians have most to be afraid of is themselves.

I fear that Americans, rather than pulling together in solidarity and mutual aid, helping each other out in hard times, will turn on each other in a brutal survival-of-the-most-egoistic, dog-eat-dog frenzy (as well as turning on the rest of the world).

Yet there is another way. And there is really little or no outside threat to America.

[lonestarnot]

27. So the motherfucker is the beast!

One world currency next.

[JerryP]

28. A good read is Mish's blog...

http://globaleconomicanalysis.blogspot.com/

He's predicting a deflationary spiral ala Japan, and has been predicting this for a number of years.

I figured the depression would happen in 2016 when the baby boomers retire but I didn't think it could happen so soon. There are some weird things happening with the fed, and it looks like most banks are underwater and many need to fail. Without them failing we are propping up zombies just like Japan. We refuse to mark to market and downgrade ratings and the result is systematic failure. We would all be better off if the banks who took risks failed, Citigroup, Countrywide, etc. MBIA, Ambac. Instead we keep them up and the result is a credit crunch where no one trusts anybody else.

I would advise everyone to prepare for the worst. Don't have any debt because if those trillions come down to earth and banks get margin calls, your credit card account will close and you won't be able to roll that debt over since no one else will offer a credit card. Think long and hard about that scenario, because we will get there.

If you don't hear from me I am banned, I seem to get banned here at DU if I post anything. Good luck everyone.

[lonestarnot]

30. Banned? LOL

[moodforaday]

32. Heck, that poster is already tombstoned

After just two posts? What did he do to deserve this?

[earth mom]

31. K & R. nt