Wednesday, July 7th, 2010

Have A Backup Plan As Things Deteriorate

Mediums:  The CR News Reports© is a copyright publication of Channeled Readings®.  The following predictions on GLOBAL ECONOMY were channeled on July 7, 2010 directly from our “Higher Intelligence Source” and not from what we, the Mediums may think, reason, guess, analyze or anticipate from probabilities or trends. These predictions are not based in conspiracy theories or come from a doomsayer’s slant. We provide Survival News Predictions to help you overcome any fear of the future you may have and empower you to prepare for what’s coming… What do unemployment, housing, expiration of stimulus, spending cuts, tax hikes, low consumer confidence, weak consumer spending, and the European debt crisis have in common?  They are all a drag on the recovery of the economy.  Exactly who is feeling a recovery?  Are you, as an individual, better off than you were a year ago?  Are you making more or less money?  Do you have a job?  Is your house worth less or more than a year ago?  Can you afford higher taxes in 2011?  Are you out shopping for more flat screens, a new SUV, or taking exotic vacations?  What is your assessment of your current financial and job situation and is it looking better than it did a year ago?  Do you feel your situation will be better a year from now?  If you think it will be better in a year, what is it that makes you think this way now?  It seems that you hear more and more comments on the TV that the economy is acting like it did during the Great Depression – showing similar patterns. States are cutting their payrolls and paying public workers minimum wage.  Some states will run out of money and stop paying their bills altogether.  Stock market rallies are sold into and short-lived.  Half the people say buy gold and the other half says sell gold.  Shouldn’t the banks be holding the gold as reserves and not the public?  Stimulus has failed to stimulate anybody except politician’s, Wall Street and corporate buddies.  The recovery isn’t recovering.  Consumer bankruptcies are at the highest levels in 5 years.  Houses aren’t selling, cars aren’t selling, unemployment benefits have run out and been cut off, and 40 million American families can’t feed themselves and are on food stamps.  Doesn’t sound like much of a recovery, does it?  During the worst job market of modern times, in the late 1970′s, it took about 17 weeks to find a job.  Now it takes over 35 weeks to find a job if you can find one at all.  And, people who do find a job are working for much less than they made before.  Doesn’t sound like they’ll be out spending frivolously helping the economy to recover!  Maybe we should forget about all the stimulus and bailouts and go back to good old-fashioned, tried and true methods, write-offs, defaults, foreclosures, and Chapter 7 or 11 bankruptcy protection.  Those seemed to work well before and we survived them all.  We won’t, however, be able to survive continued spending and borrowing from our futures. … Go ahead with your predictions and commentary…

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