To: James Clarke who wrote (412 ) 10/9/1998 2:03:00 PM From: jhg_in_kc Respond to of 4691
JJC Maybe you agree with this post: <GGGG> Started By: gizelle otero Date: Oct 8 1998 10:43AM ET ...I am convinced that worldwide leaders have reacted too slowly to the "Asian Contagion" and resulting global problems. Leaders will now watch the world slide into the worst depression since 1929, with most stocks falling 70-90% from their present levels. We will see the following political and economic consequences as a result: 1. The return of Communism as a viable alternative to Capitalism; first in Russia, then in Eastern Europe. 2. The return of most of Asia to third world poverty. 3. Massive social unrest leading to many riots, government crackdowns, and political changes, including revolutions. 4. The targeting of the United States for destruction by Asian, Eastern European, and African nations as a stated political goal. 5. Unemployment rising to 30% in the United States by 2002. Civil unrest and mass civil disobedience. The breakdown of our tax system as citizens refuse to pay their taxes, starting in 2000. 6. Massive corporate bankruptcies and layoffs. Barter economy takes over. 7. The SPX falling to 200, Dow Jones falling to 2000 by 2001. 8. Nuclear, biolological terrorism against the United States by countries who feel betrayed by our social, political, and economic system. 9. Price controls, rationing, freezing of personal and corporate assets by our government. Inability to sell your home, homelessness rises to 30% as many lose their homes to banks. 10. Socialism spreading across the country. The creation of a new "slave population" of debtor-citizens who are not allowed to declare personal bankruptcy under tougher bankruptcy laws. This is your thread if you believe even 5 of the above will come true. Let's start the discussion of how to survive the "Y2K Depression"......