Comments on: 2009 update to Don Koenig’s coming economic crash article written in 2000

By: 4-8 Coming One World Economy! - World Finance News

4-8 Coming One World Economy! - World Finance News — Wed, 18 Feb 2009 17:08:19 +0000

[...] 2009 update to Don Koenig’s coming economic crash article written … [...]

By: kevneto

kevneto — Thu, 12 Feb 2009 03:47:10 +0000

Watch England and their current fiscal problems and you will see the fate of the dollar. The Brits resisted taking the Euro as a currency. Now, they are rethinking their position because of the economic crisis. The Pound will go they way of the Franc probably within 2 years once the Euro is touted as a solution for their problems. The same will eventually happen in America. Politicians love a crisis as it is an their opportunity to effect change and implement their worldview.

As Rahm Emanuel, Obama’s newly appointed chief of staff, put it: “Never waste a crisis.”

’nuff said.

By: Don

Don — Wed, 11 Feb 2009 18:50:31 +0000

China could just throw us under the bus if we dictate to them what they must do. They are already very angry that we are telling them to revalue their currency at a time when their exports and jobs are drying up. They also can gradually move away from dollars as some nations are saying they will do. They also are going to have to spend much of their dollars reserves to take care of their own internal problem by the world downturn. This is happening in Russia right now due to the collapse in oil prices.

The real issue is that we need foreign nations to buy up at least 2 trillion dollars of NEW debt each year for the at least a few years because of our bailouts and stimulation programs. China will not be able to buy anywhere near that amount of dollars even if they were so inclined to do so and they won’t be.

Neither will any other nation. The obvious move after the immediate crises will be away from dollars. Nations are now dumping dollars for gold. That is the real reason in a time of deflation that Gold is soaring. So it looks like the Fed will have to just create trillions of dollars out of thin air to pay our debt or raise interest rates to a level that will make our economy worse. One way is a path to hyperinflation and the other path leads to a great depression.

By: Brian

Brian — Wed, 11 Feb 2009 17:21:05 +0000

How plausible is a total deflation or inflation of the dollar in light of how much China has in its holdings….both in actual dollars as well as in debt repayment? Aren’t they just as interested in ensuring the dollar won’t collapse as we are? They are not necessarily going to come for the bill b/c they know what it will do to their reserves, right? Just curious…

By: Don

Don — Wed, 11 Feb 2009 16:44:08 +0000

And for those who want to learn much about more about real survival issues. I suggest this Blog.

http://www.survivalblog.com/

By: kevneto

kevneto — Wed, 11 Feb 2009 16:33:22 +0000

That’s what I was looking for.

I highly suggest others read the article also. Excellent points to ponder and ways to prepare.

Kev

By: Don

Don — Wed, 11 Feb 2009 15:12:17 +0000

Good advise, it says much the same as what I said in the following article I wrote.

http://www.thepropheticyears.com/comments/preparing_for_the_last_days.htm

By: kevneto

kevneto — Wed, 11 Feb 2009 06:36:48 +0000

An interesting read, Don. I liked your point about living on half your income. Wise words.

It is a very bleak outlook. We have certainly not learned our lessons from history and seem are going down a path which will lead to tyranny. In their arrogance, our leaders seem to think that these actions didn’t work in history because not enough money was thrown at it. It’s crazy I say!

The real question is what does a person do to protect themselves and prepare? I would start with:
1) Be realistic and acknowledge that this economic situation is a freight-train out of control.
We could..maybe… see a bit of a turnaround, but only temporarily and definitely fabricated. If this is not the big one, we’ll be hit later down the road. Prepare now!
2) Get your debt down and live modestly.
3) Be as self sufficient as possible. Rely on the govenment for a little as possible.
4) Garden and learn to preserve food. Begin to store food up for when the store shelves empty and you are waiting in line for a pitance like the soviets did 20-30 years ago.
5) Learn a skill that will be valuable to people in tough times and can be traded for goods and services.
6) Primarily, trust God and seek His wisdom. And hang tight with your brothers and sisters in Christ. In the end, He’ll see us through.

Any thoughts or perhaps an article you posted with more details how one should prepare?

By: Justin

Justin — Tue, 10 Feb 2009 23:20:18 +0000

Well our nation turn its back on God and worship material things. Public schools teaches atheistic/humanist worldview. God will turn His back on this country and this country will crumble. I would not be surprise to see a increase in heinous crimes, women and men prostituting themselves and so forth. Here is a segment on Fox News Channel when they interview Gerald Celente, the head of The Trends Research Institute… http://www.youtube.com/watch?v=46MEqEgdLTg

Here is Celente website. http://www.trendsresearch.com/index.htm

He predicts that America will be a undeveloped country by 2012