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…

Voice of Higher Intelligence:  “Borrowing and spending will never equal a recovery.  Rather than helping, stimulus debt steals the future.  Everybody seems to have too much debt; countries have too much debt, federal, state and local governments all have too much debt, corporations have too much debt and individuals also have too much debt.  They all did the same thing – they borrowed way too much and don’t have the money to pay it back.  More debt will not help.  Combine this massive debt with fraudulent accounting, uncontrolled greed, and colluding credit agencies with the over-spending and over-borrowing and you have the makings for an extended economic downturn and not a recovery.  US banks have high exposure to European banks.” continue MEMBERS-read the rest of these predictions in the CR News Reports©, or click HERE to order yours now to get all the “News Before It Happens … The Nostradamus of the NEWS.” Not a Member? … want to listen to this entire prediction?

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Voice of Higher Intelligence: “We have many predictions around the latest news concerning the global economy.  We predict you will start hearing the word “contagion” begin to come back into most news reports about the Eurozone.  Any discussion of Europe’s problems with the falling Euro and sovereign debt defaults will all mention the word “contagion.”  Austerity measures will be violently resisted and protested against in many European countries.  People in the Eurozone have had it too good for too long and became accustomed to their free benefits and social programs.  They will not give them up without a fight.  We predict that failure to rein in spending will…” continue MEMBERS-read the rest of these predictions in the CR News Reports©, or click HERE to order yours now to get all the “News Before It Happens … The Nostradamus of the NEWS.” Not a Member? … want to listen to this entire prediction?

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“We would offer that you be cautious in interpreting economic data you hear in the media.  Regarding the positive manufacturing data yes, manufacturing is up, however the largest industrialized nations have way too much excess capacity and they don’t see it being utilized any time soon.  Jobs will not come back until demand is back and not the demand that is driven by temporary stimulus.

Regarding Greece – Greece’s troubles are just starting.” continue MEMBERS-read the rest of these predictions in the CR News Reports©, or click HERE to order yours now to get all the “News Before It Happens … The Nostradamus of the NEWS.” Not a Member? … want to listen to this entire prediction?

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“Cities are in the worst situation.  More bankruptcies and defaults are coming from cities of all sizes.  These defaults will drive them into state receivership.  The only solutions for cash-strapped cities is to lessen the size of city government and in the process, be forced to lay off or discontinue some city services.” continue MEMBERS-read the rest of these predictions in the CR News Reports©, or click HERE to order yours now to get all the “News Before It Happens … The Nostradamus of the NEWS.” Not a Member? … want to listen to this entire prediction?

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If 2020 is perfect vision, then 2010 means you are only seeing half of the story.  The world’s economic systems have been brought down to their knees by greed and corruption.  World leaders look their people in the eye and lie to them about the future health of their nation.  Fanatical terrorists threaten to destroy governments and people’s lives in the name of religion.  And Mother Nature is getting ready to extract vengeance on her abusers.  2012 is just around the corner, but first you have to make it through 2010.

Our messages to you in December should be considered briefings for the coming year so you can prepare…

The CR News Reports© is a copyright publication of Channeled Readings®.  These predictions were channeled on December 8, 2009. The topic is the GLOBAL ECONOMY.  Go ahead with your predictions and commentary. “The global economy is so intertwined that what happens in one country affects many others.  There will be certain things that affect all countries in 2010 and other elements that are more isolated.” continue MEMBERS-read the rest of these predictions in the CR News Reports©, or click HERE to order yours now to get all the “News Before It Happens … The Nostradamus of the NEWS.”  Not a Member? … want to listen to this entire prediction?

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