Long Silver John

Nine Predictions for '09

My Predictions: We're headed for hyper-stagflation in Q3 2009, wiping out any remaining savings of the middle class, political instability and mass unemployment by 2010. There will be massive devaluation of fiat currencies worldwide against gold, silver and other hard assets, as a historic transfer of assets from creditors to debtors takes place. Formal monetary systems will be eclipsed by private gold-based currencies, such as GoldMoney.com (the new Switzerland) as financial survivors lose all trust in governments. Regional wars will flare up all over the globe, as political instability translates into armed conflict and leaders attempt to divert attention away from domestic problems to foreign affairs. There will be attempts to grab physical gold/silver stocks in nearby nations. The rise of political fringe groups to power will come next, as mainstream politicians cannot deal with the problems. There will be further destabilizing effects as corporatism (facism) rears its head again, and the government represses individual freedoms of dissenters worldwide. With major powers focused on their own problems at home, nuclear weapons will proliferate in Iran and other trouble spots. A nuclear conflict with Israel will result, in which Israel launches preemptive strikes at several neighbors at once. Later, Israel will be attacked and its cities will be largely destroyed. After a radical Islamic takeover of Pakistan, nuclear exchanges against India and against American troops in Afghanistan will follow. We will retaliate against Pakistan, destroying its major cities. Russia will retake border areas of its former empire, while China will take Tawain, creating tensions among the superpowers, and a final thrust toward world communism and eventual showdown with the West. Timeline: 2012.