WORLD AT A CROSSROADS: The Global Economy Crisis
THEO’S 2009-2010 WORLD ECONOMIC ASTROLOGICAL REPORT
How To Survive The 2010s In A New Global Structure
By Theodore White, CSA
Classical Scientific Astrologer
© December 2008
**Free to Disseminate with Author’s Name, Title & Copyright
Enormous world news demands a big report. This is one of them. My World Economic Astrological Report is written as a public service for people who are trying to understand and to find a way out of the mammoth financial crisis that has been sweeping the globe since 2007, and which peaked during the summer and autumn of 2008 with increasing stresses.
See ~ http://www.youtube.com/watch?v=zM79Q...eature=related
Also ~ http://www.youtube.com/watch?v=_Vb9o...eature=related
The mounting panics and fear that continues to crisscross the globe with each new revelation of crashing stock exchanges, collapsing investment banks, failing commercial banks, stagnated credit that is forcing everyone: from CEOs, large & small business owners, car dealers, homeowners, consumers ~ nearly everyone ~ to starkly realize that with the combined losses that could amount to $100 trillion before it is all over ~ that the world has suddenly, and radically changed.
Before I outline the world news, the causes and effects of what has taken place globally, I would like to offer some simple solutions to those who are reading this in preparation for the future societal effects that will result from the collapse of the 20th century global economic system, and how to prepare, combat, and to successfully survive these effects in the 21st century.
EFFECTS ON PEOPLE & SOCIETY
See ~ http://www.youtube.com/watch?v=IVRgZ...eature=related
World transits show a series of conjunctions, squares, and oppositions among the outer planets, mainly Mars, Jupiter, Saturn, Uranus, Neptune, and Pluto. In Mundane Astrology, there is a sub-branch of economic prediction and forecasting that seeks to look ahead to future to help others prepare for planetary configurations that directly influence all of our lives.
The coming decade of the 2010s will be very challenging for those who are not prepared to handle the world transits. Much of tensions and stresses of the next decade will be directly tied to the economic collapses of the bubble financial system in the decade of the 2000s. In order to survive the 2010s, it is essential to begin a gradual change beginning in December 2008, and to continue through the years 2009 through 2013 to protect against what I am forecasting to be very difficult times in the mid-to-late 2010s for those who are used to the status quo, and the unprepared.
The deep economic contractions will bring these reactions among the general public ~
• Public Backlash
• Stress on Families From Moving to New Areas
• Relationship break-ups
• Mental Illness
• Addictions, drug use, and alcoholism
• Rising Crime, burglaries, scams
• Distrust of conservative institutions
• General Tensions & Breakdowns in Communities
HOW TO SURVIVE
One of the keys is to not panic. The recent rushing on commercial banks was fed mainly by the world media and the lack of trust of customers towards ill-liquid banks that were heavily leveraged in the mortgage markets. The currency crisis which is ongoing at the time of writing as seen drops in the currencies of many countries, with the exception of the American dollar and the Japanese Yen, which has risen, and will continue to rise into 2009.
The coming changes in the U.S. presidential administration in 2009 will feature a new era in American politics. The excitement of this new administration will come after eight years of very contentious policies which have been seen as one of the major causes of the economic contraction. The new executive administration in Washington DC, according to transits, will show a much more liberal approach to the current financial crisis, which has been called a “once in a century credit tsunami.”
Because the economic atmosphere has radically changed it is essential for everyone to “think outside the box” in how they relate to others, and to begin to think and behave creatively in their economic dealings. Those who fail to do so will have a more difficult time managing in the years ahead ~ especially during the decade of the 2010s, which will be very challenging for those who failed to outline a plan and to prepare in advance for the continuation of the global economic crisis into the next decade.
To combat the effects of the global economic crisis under the planetary transits of 2009 & 2010, it is advised to:
Begin to Plan ASAP for the decade of the 2010s
Find excellent consultants & forecasters to assist you in navigating the future
Start developing Contacts with people of common good interests
Get to Know your neighbors
Avoid unreliable people
Move to regions that best support you & your family’s lifestyles
Think differently about how to create & manage finances
Look into new technologies; especially in Green Energy
The collapse of the 20th century financial system will bring about a new era of trade in the 2010s, which is reflected in the world transits ahead. A major transit will be the coming Jupiter-Uranus conjunction in tropical Pisces in spring, summer, and fall of 2010 and in spring 2011. These conjunctions feature a very strong humanitarian sentiment which will greatly add to the need to adjust to the consequences of the global economy crisis.
In the months and years to come, the world financial crisis will have major impact on the next decade of the 2010s as nations, and communities come face to face with the effects of years of major financial fraud ever witnessed on a global scale in modern times.
This report article seeks to aid those around the world who want to effectively deal with and survive the coming effects of the global economic crisis brought on as a result of nearly twenty-eight years of rampant corruption, excessive materialism and wild speculation and which has brought many countries to their knees in 2007 and 2008.
There are a wide variety of ways to accomplish this; however, it will require many to radically change the way they have been doing business with one another, as well as to open their eyes to the realities of the reasons behind the global theft of trillions of dollars and who has been behind it.
With whole economies are at risk, society will drastically change in the years ahead. These changes will be better handled by those who have not bought into the excessive materialism of the past 28 years. For those that have, the coming years will teach very harsh lessons in the next decade.
This report is written from a global astrological perspective, and will detail some of the planetary configurations and dates that will play a major role in helping people to survive & live with the consequences of the economic turmoil in the years ahead ~ especially through the long decade of the 2010s ~ now less than two years away from the time of writing.
As the world continues to reel from the effects of the global economic crisis afflicting many developed and undeveloped nations, the remaining months of 2008 and the early months of 2009 is an excellent time to plan to navigate the coming world transits in the next decade. Civilization, according to global transits, the world presently, is at a crossroads. Populations will have to act to correct the effects of the world’s financial crisis before the onset of the decade of the 2010s. And time is short…
See Jim Hightower’s report, “The Five Most Wanted Rip-off Artists from Wall Street and Washington” ~
The nuts and bolts of what is happening to regular people worldwide as a result of the global economic crisis can be witnessed by the summer 2008 collapse of a major California Bank, which was also one of America’s largest mortgage lenders ~
See ~ http://www.youtube.com/watch?v=IVRgZ...eature=related
See ~ http://www.youtube.com/watch?v=Na5ts...eature=related
At this time of writing (October 2008) it is assumed that many commercial banks are controlling the foreclosure markets by forcing down the price of properties to go down. Therefore, buyers of foreclosed properties should be very keen on how to time their purchases.
Read this comment by Michael Weir of California, a state that is suffering the most from the credit crunch and mortgage crisis ~
“See how the banks are manipulating the foreclosure market. You can use this information to buy foreclosures by timing your purchase. The existing home sales came out today with an average loss of $1500 per month for the median US Home price over the last year. Most people have no conception how this is impacting their lives. If you had $200,000 in equity last year, you just lost 7% of your equity. In California, it was probably more. If you had sold your house last year and moved into a rental, you would have zero cost for living in the rental. If you had moved into two specific real estate purchases, you could have increased your capital and retained your mortgage deduction. You would actually be further ahead.
Losses in home equity will accelerate for the next year. If you become underwater in your present equity, you could be stuck in your present property for many years or have to come up with substantial separation money to preserve your credit rating. The foreclosure bailout proposed by the congress is just window dressing in order to forestall a panic. What is going to happen is that this will only delay the panic, not forestall it. If you read the fine print, the lender has to agree to provisions of the bill. How likely is that?
What you see happening in the market today is that 25% of the sales are due to sale of foreclosed homes. Because of the banks holding back inventory, there are at least four (4) bids for every sale. This will change shortly.
The subprime loans that are supposed to reset this summer, means that the house are really going to be back on the market by June 2009. The logic goes like this. The notice of reset for August 2008 has already gone out. In August, the owner of the sub prime loan is going to do his/her best to make the payments. He will get two or three jobs in some cases. Maybe his wife will too. In any case, the owner uses up his savings and cannot make the payments. This takes two months, on average.
The owner realizes it is impossible to continue and finally stops making the payment. His savings are exhausted, and now he has to acquire money to be able to move. He needs the mortgage payment to restore his savings, so he can move. Minimum average move is going to cost $5000 or more. The lender now starts the foreclosure process. Sometimes the lender takes more than 6 months to prosecute the foreclosure. Then there is another month or two in which to prepare the property for sale.
So, let's see how this all adds up. 2 + 6 + 2 = 10. Ten months from August 2008 is June 2009. So the majority of the resets will not even hit the market until June 2009. And the average length of time to sell this property will be 11 months, if not longer. So the minimum time for the market to hit the bottom will be after May 2010. The average price decline, here in California, will be more than $2000 per month. If you invest in property today, you will lose almost all of your equity.
What no says today is that the property that has an equity line of credit will also reset to a higher interest rate once the property falls below 110% of the initial loan amount. This is a huge overhang to the market, and could make these loans now subject to default. Who knows where this will end?
Based on this scenario, what is the best way to make money in real estate today? Sell any real estate that you have, even into today's declining market. Then wait for the turn in the market to buy back, better than ever. That time is more than two (2) years away.
As I write this, the senate just passed the foreclosure help bill. The immediate effect is to raise the interest rates on homes. Why? Because the lenders will now have to calculate how they are going to get a reasonable return on their money that they lend. They now have to include the cost of taking a write-down on their loan if the buyer defaults. The net effect of higher rates means that the price of the house has to go down if the buyer cannot increase his payment. In Stockton Calif., one house in 25 is now in foreclosure.”
For more on the Mortgage Mess, see ~
THE CAUSES & EFFECTS
In Mundane Astrology, planetary transits are seen as affecting large groups of people, nations and populations that inhabit these nations. In light of this, the world transits since 1981 have revealed that a group of “free traders” hiding behind secrecy of building a “new world order” have continued their efforts to manipulate the economies of whole nations. This has been done mainly by forcing legislators throughout the nations of the world to relax, and in many cases, to avoid placing any regulations on the financial markets, banks, insurance, mortgage companies and hedge funds.
Back in the late 1990s, I had run a series of cycle charts on the world economic landscape and was shocked by my findings. For some years prior, I had been disturbed by the rise of the hedge fund player, groups of people who “bet” or gambled on everything financial ~ mainly on Wall Street. These hedge fund groups often gambled millions of dollars on the “rise” or “fall” of a company, or on the futures market and made off with huge pay-offs as a result of their bets.
In late 1996, I began to witness a series of planetary transits related to past cycles of financial speculation and forecasted the fall of the Information Technology market and the NASDAQ Index by the year 2000. That year was the year of a Jupiter-Saturn conjunction in tropical Taurus. Jupiter/Saturn conjunctions occur every 20 years, and are used as markers by mundane astrologers for historical events ~ mostly for the future.
The prior conjunction of Jupiter and Saturn occurred in 1981 in Libra, and coincided with the rise of conservative politicians in England, Canada, and the United States with the election of Ronald Reagan. The emergence of Reagan was a water-shed moment for de-regulation of the financial industry, and is at the heart of the current global financial crisis threatening the world. More on this later.
THE GLOBAL FOOD CRISIS
At this time, transiting Saturn is moving through the tropical constellation of Virgo, which in mundane astrology, rules health, farming and food stocks. In late 2007 and early 2008, speculators raised the price of basic commodities nearly 80% of rice, corn, sugar, cooking oil, and wheat, which doubled in less than a year in a country like Egypt. Combined with the hike and speculation in oil prices, food shortages shot through the roof, and has led to food riots around the world.
Transits have shown that price collusion of commodities traders and speculators have caused this global crisis where people have died fighting over access to rice and bread.
PROBING WORLD FOOD SHORTAGES & PRICE COLLUSION WITH SATURN IN VIRGO ~
See ~ http://www.youtube.com/watch?v=FBhBb...eature=related
The results of the alarming rise in world food prices is hitting most classes, the poor, middle classes, and urban dwellers, who are being forced to change their lifestyles in order to gain access to basic food stocks that have risen because of the evil of speculators in this most important of all world markets.
By the time the 1981-2000 Jupiter-Saturn conjunction in Libra was coming to an end in the final years of the 20th century in the late 1990s, I discovered a series of world transits that would be kicked off by another Jupiter-Saturn conjunction to take place in May 2000. That conjunction led to a momentous year worldwide in 2000, 2001, 2002 and 2003, which is typical right after such Jupiter-Saturn synods as they affect the Earth several years after their conjunctions or their oppositions.
In 2001 and 2002 we witnessed the peak of the IT and dot-com bubble, which burst mainly due to rampant and wild stock speculation that the technology industry and those involved in it have felt since the collapse of that “bubble.”
The collapse of the technology industry was directly related to the influence of the tens of millions of baby boomers, whose generation flocked en masse into technology and energy stocks, causing the untamed speculation which led to the failure of many tech companies. The tech crash was fueled primarily by this Boomer generation that then left technology and began to invest as a whole into the real estate market, where regulations that have lasted since the 1930s were being removed piece by piece since 1981.
This rush to invest into real estate fueled out of control price hikes, as many rushed to get into real estate speculation and mortgage financing immediate following the tech crashes of 2001-2002. Spurred on by the lack of government regulation, baby boomer investment bankers, insurance companies, commercial banks, mortgage companies, hedge fund players and pension-fund managers began to invest heavily into real estate. The need to create even more of a market for real estate made Wall Street bankers take a page from the government by offering “sub-prime loans” to average Americans, and first-time home buyers. These loans, although blamed for most of the crisis is not the reason for it.
What caused the world financial crisis was the fact that investment banks began to offer these loans in complex packages called mortgage-securities, and then got major insurance companies like AIG to “insure” these loans, which were being offered by financial predators who rakes in thousands of dollars per application while committing mortgage fraud on a scale never before witnessed in the world.
Hedge fund players then bet on these home loans through “derivatives” which is a gamble on if they would rise or fall in price. For years, the prices of real estate properties continued to rise, and more and more people flocked to buy and flip homes, re-financing their properties through credit multiple times to draw cash ~ in effect, using their homes like ATMs due the pressure of mortgage loan officers’ greed for many repeating fees for processing refinancing to feed Wall Street’s hunger for sub-prime and Alt-A mortgages:
See ~ Wall Street Hustlers Built A $100 Trillion House of Cards and Stuck You with the Fallout http://www.alternet.org/workplace/103830/
This conjunction would lead to a major fire trine in the year 2007, which indicated a huge sell-off of stocks to follow in 2008. This was interesting to me since Jupiter-Saturn conjunctions are followed ten years later by Jupiter-Saturn oppositions. Both the conjunction and oppositions of Jupiter and Saturn often signal contractions, or recessions within nations:
1951-52 – opposition
1960-61 – conjunction
1980-81 – conjunction
1990-91 - opposition
2000-2001 – conjunction
In August of 2006, I placed a warning on the Internet of a Saturn-Neptune opposition that took place along the Leo-Aquarius axis. This opposition is a sign of underhanded tactics in business and professional dealings through evading responsibility. This opposition lasted over a year, and resulted in the “Panic of 2007” the first phase of the credit crunch, which surfaced in August 2007. News began circulating during that summer of 2007 that mortgage-backed securities were failing, and the sky-rocketing mortgage failures were building throughout the country as houses were falling in price, and sellers could not unload their properties:
See ~ http://www.youtube.com/watch?v=pDbgU...eature=related
See ~ http://www.youtube.com/watch?v=Y-82i...eature=related
See ~ http://www.youtube.com/watch?v=Y3V1W...eature=related
See ~ http://www.youtube.com/watch?v=QVFBo...eature=related
The dangers were first warned about in the underground media in the 1990s, but no one was listening except those who knew the housing market was way overpriced by the early 2000s. By March of 2007, U.S. Fed Chairman Ben Bernake was telling Congress that things were fine. Yet, by the summer of 2007, things were not fine at all. The news of the failures of mortgage-backed securities began hitting the news in early summer, and by August 2007 the credit crisis had started in earnest.
Investors rushed home from their vacations and contacted their traders via Blackberries to find out what was happening to their investments. The turmoil caused by the Saturn-Neptune opposition in 2007 was to lead to the fallout in the housing markets in Europe, and the coming failures of banks later that year and into 2008 in the U.S.
The real culprit was that major investment bankers and hedge fund managers, under no regulation, began to gamble billions of dollars on toxic mortgages through derivatives, and then insured them ~ resulting in banking losses around the world in the hundreds of billions of dollars. Some have noted that the total could amount to $60 trillion before the carnage stops.
The seeds of the so-called “sub prime” crisis had its seeds in the United States during the 1980s under the administration of President Ronald Reagan, and continued through the polices of George W. Bush. The 1980s was another decade of wild economic speculation that led to a similar mortgage crash in the American Southwest. This current financial crisis is 10 times larger under the policies of the Bush administration and Republican Party ~ http://www.youtube.com/watch?v=qbzGl...eature=related
David Walker, the former comptroller of the U.S. has been warning of the economic fallout affecting the long-term economic health of developed countries ~ http://www.youtube.com/watch?v=25_AP...eature=related
These events were foreseen by some mundane astrologers who have noted the planetary configurations relative to the Earth during the first decade of the 21st century. Mainly, the positions of the “superior” or outer planets, which in past centuries have shown direct correlations to events on Earth, affecting many nations. The positions of the planets Jupiter, Saturn, Uranus, Neptune, and Pluto in their positions often forecast great changes affecting the entire planet, and thus, many nations, as is performed through forecasting in Mundane Astrology.
Global transits of the years 2009, 2010 and the next decade indicate powerful changes affecting many aspects of life: including economic. The hardships to come from the corruption of the global financial institutions will extend to nearly every part of the globe and will challenge all of us towards making major life changes. Those who are aware of this, and are able to make the transitions consciously, will do best. Others, who are not, will meet with great barriers and frustrations that will have even longer-term implications into the future.
However, there is hope ahead for many in world for those who choose to make the changes, and adjustments needed to evolve towards a new understanding of one another. With the aging of the Baby Boomer generation, it is time for a new and younger generation to come into power leading and managing public and private institutions. The coming decade of the 2010 sees the beginning of the children born in the 1960s rising to power, and in this is a new hope for the world to help bring an end to many of the unresolved problems of the late 20th century.
The recent U.S. General Election where Barack Obama was elected the 44th President of the United States has come to an end. In between the November 4 election and the January 20, 2009 inauguration of President-elect Obama, the world continues to reel from daily stories of economic collapse.
The collapse of Lehman Brothers, Freddie Mac and Fannie Mae, AIG, Merrill Lynch, Goldman Sachs, Citigroup, Washington Mutual, Wachovia Bank, and a host of other commercial banks in September 2008 added to the international turmoil that has now thrown the countries of Canada, England, France, and Germany into recession. The economic meltdown has also hit the nation of Brazil and the countries of Asia, slowing the Chinese economy and sending the country of Japan into recession.
OVERVIEW: THE 2008 GLOBAL ECONOMIC CRISIS
The September 2008 Crash of Wall Street’s Investment Banks
In September 2008, one New York investment bank, Lehman Brothers, filed for bankruptcy protection after losing billions, and another investment bank Merrill Lynch, sold itself to Bank of America for $50 billion. Earlier this year, the U.S. government eased the sale of failing investment bank Bear Stearns to J.P. Morgan Chase. Then, the government had to jump in to take over American mortgage giants Fannie Mae and Freddie Mac.
In September and October 2008, people have been swamped with headlines of the global financial crisis that has swept the globe:
See ~ http://www.youtube.com/watch?v=tHdu3...eature=related
BEAR STERNS FILES FOR BANKRUPTCY, IS TAKEN OVER
TWO BEAR STERNS EXECUTIVES ARRESTED
MASSIVE MORTGAGE FRAUD ARRESTS & MAJOR INVESTIGATIONS
FANNIE MAE AND FREEDIE MAC LOSES OVER $12 BILLION, TAKEN OVER BY U.S. GOVERNEMENT
CITIGROUP BANK LOSES BILLIONS, CUTS THOUSANDS OF JOBS
FOURTH LARGEST INVESTMENT BANK IN THE WORLD, LEHMAN BROTHERS FILES FOR BANKRUPTCY FIRING 26,000 EMPLOYEES AND LOSING BILLIONS
LEHMAN CEO, RICHARD FULD, KNOWN AS THE ‘GORILLA’ GRILLED FOR TAKING HOME $480 MILLION AFTER HIS COMPANY GOES BANKRUPT
JB MORGAN CHASE ACCUSED OF FREEZING FUNDS OF LEHMAN BROTHERS
HISTORY OF JP MORGAN’S INFLUENCE IN BANKING
MERRILL LYNCH SOLD TO BANK OF AMERICA
AIG FILES FOR BANKRUPTCY IS BAILED OUT BY U.S. GOVERNMENT
U.S. BAILOUT PLAN REJECTED BY HOUSE OF REPRESENTATIVES, MARKETS PLUNGE. NEW SCRAMBLE TO SOLVE CRISIS
CRISIS HITS BRITISH AND EUROPEAN BANKS AS U.S. SEALS BAILOUT DEAL
ASIAN MARKETS JITTERY
U.S. COMMERCIAL BANKS BEGIN TO FAIL, CUSTOMERS RUN ON BANKS
FDIC BORROWS FROM THE U.S. TREASURY
END OF THE WALL STREET INVESTMENT BANK.
On September 21, New York investment banks Goldman Sachs and Morgan Stanley abandoned their status as investment banks in a move marking the end of an era on Wall Street.
For more, see ~ http://business.timesonline.co.uk/to...cle4800550.ece
ICELAND GOES BROKE, THREE MAJOR BANKS GO UNDER
Iceland goes broke. The country of Iceland and its failing currency, the Krona, is on the brink of collapse with the failure of three of the country’s biggest banks ~
See ~ http://news.yahoo.com/s/nm/20081013/...Z9P3K2mjxv24cA
Icelanders public anger at collapse of country’s economy ~
FEAR RUNS WILD
The causes of the current troubles afflicting the world stem from the overbearing and corrupt practices within the financial community since the 1980s when free traders in the United States, and other western nations began to de-regulate the financial community see ~ http://www.mcclatchydc.com/election2...ory/52559.html
The seven years since the year 2001 has revealed massive levels of fraud from widespread and dishonest economic practices that have distorted and altered many markets: from high oil prices, failing mortgage and housing markets, a crashed credit market, banking failures, and exorbitant commodities prices that have made basic food stuffs unaffordable to tens of millions of people worldwide.
Throughout 2007 and 2008 businesses have suffered, attempting to remain operational despite higher energy prices, and tight credit markets, which are now forcing many companies to lay off thousands of workers, or to shut down their operations for good.
Rising foreclosures in Europe and North America are forcing families out of their homes, as banks repossess properties that were caught up in the worldwide mortgage-securities scandals that have led to hundreds of banks losing tens of billions of dollars, and led to the fall of the once mighty Bear Stearns investment bank of New York in early 2008, and the resulting U.S. government and Federal Reserve bailout plans of government sponsored enterprises (GSEs) like Fannie Mae and Freddy Mac.
The resultant financial “Panic of 2007 & 2008” has renewed fears of inflation rising in many countries, including the United States, if central bankers do not correct what many have said is the fault of central banks, and government regulators: their failure to enforce financial governing regulations and laws abused by wild-eyed hedge fund managers and financial speculators who have driven up the cost of everything from oil prices, food prices, and caused the real estate markets in the United Kingdom and North America to collapse. Many economists have said that they have not seen an economic shock like the current one since the days of the worldwide Great Depression of the 1930s.
See ~ http://www.youtube.com/watch?v=BdH0-kcoAqw
For an alternative viewpoint on the political and social ramifications,
WHAT TO DO IN 2009-2014
The toughest years resulting from the massive corruption in the leveraging of the U.S. economy will begin in earnest in the fall months of 2008 and will extend to the mid-2010s. In this time period, we can expect to read of more cities and states around the world cutting back on public works projects, with the exception of the United States, which, according to transits, will start a massive series of programs to stimulate the U.S. economy, and the global economy with deficit spending in the manner to greatly expand the movement of money in the united states and worldwide.
However, expect to see such stories like the one below where governors and mayors seek Washington’s help to help cities with huge debts in the billions, forcing cities to close down schools, libraries and to cut back on public works projects ~
The new Obama Administration and Congress will seek to strengthen and reintroduce the 1933 Glass-Steagall Act, which was Franklin D. Roosevelt’s “New Deal” legislation that prohibited banks, investment houses, and insurance companies from merging into one corporation. This important act was struck down in 1999, led by former Republican Senator Phil Gramm, now the lead consultant for Swiss-banking giant UBS, which is under federal investigation for its role in the massive leveraging of whole economies and for spiriting away tens of billions of dollars out of the United States stored in secret Swiss bank accounts. Gramm was interviewed and called the U.S. a “nation of whiners,”
See ~ http://www.youtube.com/watch?v=2NVjq2py7BA
The years 2009, 2010, and 2012 will feature an unprecedented criminal probes and investigations in multiple cases of financial corruption and illegal trading and leveraging of investments. One figure put the global loss at nearly 600 trillion dollars! Expect a rapid introduction of multiple forms of financial reform legislation and regulatory laws that were stripped gradually in the 1980s and 1990s by U.S. legislators working for their financial bosses to come back into vogue starting in 2009.
However, as we have seen, the critical damage to the global economy has already been done.
In order to prepare for the effects of the economic meltdown, it is essential to gain insight, and advice through forecasting of the methods and ways to not only survive the coming decade of the 2010s, but how to change one’s life to successfully navigate what will be a deep global depression ~ the first one since the Great Depression of the 1930s.
It will take a decade or more for the world economy to make the transition from the late 20th century economy more fully into a 21st century economy, and there will be pain for many millions of people worldwide.
Expect to see a rise in public protests and demonstrations worldwide over the next several years with anger spreading through many nations as the revelations of the financial corruption becomes more exposed.
There will be darker days ahead. World transits clearly show that the years 2009, 2010, and 2011 are among some of the most difficult years resulting from the initial fallouts from the Panic of 2007 and the Economic Meltdown of 2008. For many countries the economic depression will last into the mid-2010s and will cause revolutions to take place in some nations as a result of public anger of mismanagement and corruption within governmental and financial institutions.
My advice to those reading this are formed from my calculations of the global transits from 2009 to the mid-2010s and the influences on the Earth’s population. Realize that the world has entered a new era. In order to make successful transitions into this new age, it is very important for those reading this to make preparations now to survive the coming years of challenges and hardship as a result of the worldwide economic meltdown:
Think and Act for the long-range, and plan for making life transitions before 2011
Form new alliances with people of similar interests
Rediscover New Economic Ways of Living
Baby Boomers Should Plan Now For Retirement
Generation X Begins Entering Leadership Roles
Younger Workers Must Expand Their Skill Bases
Expect Immense Growth in Occupational Jobs & Services
Take part in building healthy and active social networks
Barter talents, skills & services
Increase tolerance for points of view
Avoid those who are unreliable and have ulterior motives
Take part in humanitarian causes
Look for new business opportunities
Avoid scam artists in a recessionary economy
Promote new ways of doing business with other businesses
One of the most important ways to do this is to gain an understanding of the ways the world is about to change, and to talk to others in your family and social circles about how they can also make the transition into the next decade.
To Understand More of the Facts Behind the Economic Meltdown, see ~
Anatomy of The Economic Meltdown