Sunday, September 14, 2008

DOW JONES MAY DROP OVER 800 TO 2,000 POINTS!

The insolvency of Lehman Brothers provides the most daunting evidence of just how bad market fundamentals really are, and have been, for quite some time! We are now going to wittness the possible beginning of a Mini-Depression that will spread from Wall Street to much of the rest of The World! This major crisis will test the ability of governments, throughout the world, to deal with massive unemployment, abject poverty, homelessness, civil strife and worse. This dramatic drop in the value of Stocks, Bonds, Funds and Futures, will end up costing the lives of millions, possibly hundreds of millions. And all because of excessive speculation on residential housing, that has put affordable standard housing well beyond the means of most working-class poor, as well as a significant number of middle class people.

Today, September 15, 2008, will be remembered for years to come as the beginning of either a relatively short-term Mini-Depression or the last straw that broke the camels back! Tomorrow and for the next eight to ten days markets will plummet and the only thing that can prevent total disaster is a massive effort on the part of China and Russia to exploit the situation and flood America and Western Europe with loads of easy money!!! Or the U.S. and other governments using their tax-payers money to keep things floating! But that kind of intervention is very dangerous for the long-term and the only thing that can prevent Total Global Economic Collapse would be a total change in American foreign and domestic policy that would signal an end to the Disastrous Bush Doctrine, as it has come to be known. To put it bluntly; only an Obama-Biden Ticket Victory in the U.S. Presidential Elections can help restore America's global image and relations, especially in terms of its ability to sell its products, services and investment propects abroad.

I foresee an Obama-Biden Victory, and have predicted this for more than almost a year now. And it will come just in the nick of time, before everything spirals out of control into the worst possible disaster you can imagine!

If,however, McCain-Palin were able to steal the elections, that would certainly spell disaster. But Palin is likely to make too many mistakes and pull McCain down with her. And neither McCain nor Palin will do well during the debates. Senators Obama and Biden will win the debates, hands down!

You heard it here first!

Remember this: YOUR ORIGINAL NEW YORK CITY FREE ADVICE MAN is no run of the mill wannabe nobody!

Expect, after Senator Obama enters The Oval Office of The White House to take his place behind The President's desk, the world economic situation to begin to stabilize and eventually get better within the next 24 months.

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