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These things are not happening, nor will they ever happen within the foreseeable future. And so, backed by Europes trillion dollar pledge, Greece will likely go back to business as usual... spending cash that it doesnt have, and making its problems exponentially worse.
An aside, from our perspective its much, much less difficult to evaluate financial clients of individuals versus financial markets, corporate entities, entire economies, etc.; throughout economic calamities some individuals fare worse than others, and the degree is reflected within the patterns of their unique comprehensive charts including the assessments and balances of our systems of evaluation. The purple-flagged time-frame of 2016--2018 has appeared over and over in so many charts that we've to bring it to your attention.
Although many financial experts are now saying the Greek Tragedy has been averted with a financial rescue plan by the International Monetary Fund and the European Union, Simon Black, Senior Editor of the site SovereignMan, says, ...any one with two brain cells to rub together recognizes that Europes economic woes cannot be contained with more paper cash... and now the challenge just became $1 trillion worse.
If you find yourself asking from 2011 by method of 2015 if a selected financial markets correction is the culminating collapse that will finally lead to feasible government policies (unlike the current ones) being put into action, it wont be. Youll know when the concluding crash happens and you wont have to ask. It will be that big.
Stephen Petullo
http://www.holisticmakeover.com
We believe that between 2011 and 2016-2018 will be known as the roaring teens period for the financial markets (especially the U.S. markets), and thus for the worlds major economies, and that many individuals will forget about the reality that booms frequently result in busts, especially when the foundation of the recovery is built on unsustainable economic policies.
What will cause the disaster in 2016--2018?
Although we principally avoid mundane predictions such as international policy /economic concerns and earthquakes, and focus somewhat on private individuals and business consulting, on the grounds that the late nineteen nineties weve repeatedly noticed distinct, extremely off-putting cyclical timing patterns (negative or positive extremes are simple to spot) within the comprehensive charts of countless individuals and entities that alert us to a specific period of time within the future.
Why Greece Isnt Really Saved
Our view is that there will be transitority downturns throughout a higher major long-term upswing within the financial markets, which we believe will start as early as late 2010. By late 2011, the U.S. financial markets will have started a dramatic, long-term escalation, yet of course you will see occasional, now-common, heavy volatility along the method.
Could the U.S. and no matter else of the world be headed for a dire financial crisis, one that could even dwarf the most brand new economic downturn, which is seen to be the worst on the grounds that the excellent depression?
The U.S. is on the Same Path
Instead, governments should be curtailing social benefits that encourage individuals to be lazy, at the same time simultaneously stripping taxes to the bare bones in order to give entrepreneurs and investors the correct kind motivation to work hard, take risks, and employ employees."
Whats currently happening in Greece could foretell the imminent. The Greek government has been spending and borrowing method past its means for years, is being suffocated by debt, and is all yet bankrupt. 25% of the Greek workforce are government employees and loads of have fat pensions and full retirement benefits: 14% of Greeks are government early retirees (at age 50 for women and 55 for men), with the average retirement age of 61. Unfortunately, too many Greeks have develop into used to excessive government entitlement programs and on the grounds that such programs have to be downsized to deal with economic reality, they are outraged.
Copyright 2010 Scott Petullo, Stephen Petullo
Weve been saying for years that we believe the period of 2016-2018 is the start of an overwhelming financial crisis, possibly much worse than the 2000/2001 stock market collapse, and the 2008/2009 credit crisis. 2016 appears to be the peak of the financial markets and economic escalation, with the giant reverse beginning as early as 2016 and as late as 2018, yet more likely as late as 2017.
The root (or at least a major part) of a higher financial calamity, as outlined above by Simon Black, now seems apparent. It is clear to us that the worlds governments will not have the foresight or ability to act and change the path were on until after a higher huge disaster.
Even though the European debt crisis could appear to be below control by the end of 2010, its to be expected that Europe, including Greece, America, and Japan are heading for a financial brick wall with government spending and regulations out of control and funny-cash solutions. The causes of earlier financial crises mirror how politicians are handling the problems now, which will most efficient serve to create a higher crisis.
Please note, to be taken seriously, in our view, any professional making mundane predictions must list all public predictions--the ones they were given wrong and right, on their site. No one is one hundred% accurate, yet there must be a clear record of their successes and failures. Unfortunately, highlighting the hits exclusively and fabricating the successes is all too common within the professional psychic business (and financial investment business).
Although the overall message we relay here isnt very optimistic, everything is cyclical, and there will be more prosperous times after the coming financial catastrophe we speak of. We believe that the U.S. wont cease to exist for a minimum of any other two hundred years, and the U.S. will likely shock many with its resiliency and subsequent economic triumphs.
Scott Petullo
http://www.scottpetullo.com
Battling back from an economic crisis requires hard work, savings, and minimal disruption from the government. Theres no magic pill, entitlement program, or paper cash bomb that will abruptly make things more advantageous.
