A Y2K (Year 2000) Depression Worldwide Crash

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends
A Y2K (Year 2000) Depression Worldwide Crash

An SI Board Since October 1998

Posts	SubjectMarks	Bans
28	1	0

Emcee: gizelle otero	Type: Unmoderated

Introduction Compact

My new term for what is going on in the world today is the "Y2K (Year 2000) Depression".

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"......

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
28	I'm going into 50% gold, 25% cash and 25% t-bills. I think gold will prove	charger	-	12/13/1998
27	Ahhhh, the sweet bliss of southern gentility...	charger	-	12/13/1998
26	I went nearly 30 days without electricity after Hurricane Hugo. In fact, so di	Michael Cash	-	12/11/1998
25	Dear Charger CASH!!!!!!! JWB	jwb/geteven	-	12/11/1998
24	They've got to place the blame somewhere...I'd find it hard to believe	charger	-	12/11/1998
23	We might end up with the worst of the problems because we are the most technolo	Follies	-	12/11/1998
22	You must not have a very big imagination...just keep eating the crap they spoon	charger	-	12/11/1998
21	<i> Can you imagine our society without electricity for months at a tim	Follies	-	12/11/1998
20	Looks like interest in your thread has waned since the market bounced back with	charger	-	12/10/1998
19	Pre-Tribulation or Post-Tribulation that is my question and comment... I see mu	Secret_Agent_Man	-	10/10/1998
18	I see things a bit differently. Russia is a definite wild card, but China loo	LPasko	-	10/10/1998
17	Mr K. - - A great post! This is the kind of thoughtful analysis I would like	gizelle otero	-	10/9/1998
16	gizelle - interesting treatise, but . . . The return to communism would requir	mrknowitall	-	10/9/1998
15	Comments on the previous posts: 1. Yes on the "Getting Right With Your S	gizelle otero	-	10/9/1998
14	Knowing that there is a bleak future ahead into the next century, and how horri	VBroady	-	10/9/1998
13	If your overly-dire scenario unfolds as you predict, it won't matter much w	Michael Cash	-	10/8/1998
12	Pray, Repent, and turn to Christ - our only hope for eternal salvation. - Se	Jay8088	-	10/8/1998
11	That may very well be true, it will add to the economic problems.	gizelle otero	-	10/8/1998
10	Y2K is The Computer Bug. You are going to confuse people saying Y2K Depression	Cheeky Kid	-	10/8/1998
9	I think the most important resource is one you didn't mention -- -- WATER	gizelle otero	-	10/8/1998
8	I call it the Y2K Depression only because I believe it will really hit in the y	gizelle otero	-	10/8/1998
7	Uhhhh...so what's the bad news?	David S.	-	10/8/1998
6	I was just wondering if he was referring to a depression that would be caused b	Cheeky Kid	-	10/8/1998
5	I think we will probably have a normal recession, not depression in '99 an	space cadet	-	10/8/1998
4	Gizelle Otero: Are you blaming	Cheeky Kid	-	10/8/1998

Go to reply# or date (mm/dd/yy):