Predictions for December 31 2013

Jordan said:
Flinging insults is cheap. Where are your predictions? I must have missed them.

JFK, keep the red rep flowing, man. Sad. Can't even make economic predictions in the forum...
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Even though your predictions are probably ridiculous, I must come to your defense on these points.

Guys, we're all supposed to be on the same side, and that side is supposed to be that of LIBERTY. Let the boy make his predictions and let you agree or disagree as you might, but let me add that civility should be one of our benchmarks of behavior. I will say nothing more about this.

OTOH, Jordan, you perhaps need to grow a little thicker hide. Neither of the statements you cited were "insults". Poking some sarcastic criticism in the direction of predictions that you made with nothing in the way of reasoning to back them up does not constitute insult. You opened yourself up to it, so man up and take the pain, if "pain" can even be said to apply in even the least measure.

We should not be at one another's throats. There are plenty of vicious adversaries "out there". What say we keep our focus.
 
I actually believe his predictions may not be that far off seeing as we're going to be getting massive heroin/QE injections over the next fiscal year. This will probably get the economy high for a little while but I do believe inflation will hit higher highs than ever before, not hyperinflation, not just yet. That special occasion may be reserved just a bit further into the future, I'd guess before 2020. The key point is that most of the tricks and aces up the sleeves have been used leaving little option left at the Fed. It's taken awhile considering the post amendments to the Fed Reserve Act, the start of the Bretton Woods System, the end of the Bretton Woods System, all the big player's currencies in free fall/floating, the huge bubbles following into the late 80s, 90s, 00s, ZIRP, QE1,2,3 (throw operation twist in there though technically it's included). I mean really, what else could they do?

As far as unemployment goes that's just plain black and white Newspeak gibberish. If it does go down it'll be because hundreds of thousands no longer "count" as unemployed and get denominated into the category of "discount these people all together to lower unemployment through the semantic fiat of bureaucratic wizardry."
 
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Todd said:
It'll be about 1500 an ounce.
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I am going to have to go much higher than that, probably , around 2 k , probably also about what it should be now, considering the worthless currency and a retarded fed govt that feels it must spend a trillion more than it takes in.
 
osan said:
Even though your predictions are probably ridiculous, I must come to your defense on these points.

Guys, we're all supposed to be on the same side, and that side is supposed to be that of LIBERTY. Let the boy make his predictions and let you agree or disagree as you might, but let me add that civility should be one of our benchmarks of behavior. I will say nothing more about this.

We should not be at one another's throats. There are plenty of vicious adversaries "out there". What say we keep our focus.
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Thanks osan, +rep!

I definitely disagree with Jordan, but I'm happy to see him and others sharing their opinion.

Our country seems to be on the verge of an economic disaster. I believe by Dec. 31, 2013 the dollar will be weaker (gold much stronger) and the government will have more power and be more intrusive. I am hoping Obama will not engage the U.S. in another war in the Middle East, but it is possible.

I would not be surprised if there is a veritable collapse with riots and the like within the next 10 years. Some of my liberty-minded friends predict it will be within the next year, but I am thinking and hoping not. I need about 2 years more to be ready.

And yes, maybe my view is a bit extreme, but better to be prepared for the worst than to have it take me by surprise.
 
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Jordan said:
I don't try to predict things that I can't possibly predict.
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I was perfectly okay and could see your point of view on everything until you said this. You should have kept that one to yourself. Are you saying you're an insider who has all of the relevant information to predict the unemployment rate, new car sales, new house sales, and stocks as a whole but gold is something you "can't possibly predict?" Uh...color me skeptical.
 
Jordan said:
1) Unemployment rates will fall just below 7% from 7.7% as the economy picks back up.
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On #1, I agree with you. But it doesn't really matter because the government has effectively made that number a complete joke. Here is a prediction for you. Foodstamp Usage will increase and be hovering around 50 million.
 
osan said:
Even though your predictions are probably ridiculous, I must come to your defense on these points.

Guys, we're all supposed to be on the same side, and that side is supposed to be that of LIBERTY. Let the boy make his predictions and let you agree or disagree as you might, but let me add that civility should be one of our benchmarks of behavior. I will say nothing more about this.

OTOH, Jordan, you perhaps need to grow a little thicker hide. Neither of the statements you cited were "insults". Poking some sarcastic criticism in the direction of predictions that you made with nothing in the way of reasoning to back them up does not constitute insult. You opened yourself up to it, so man up and take the pain, if "pain" can even be said to apply in even the least measure.

We should not be at one another's throats. There are plenty of vicious adversaries "out there". What say we keep our focus.
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And he needs to stop trolling. How many threads has he started in the last two weeks?
 
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I predict that the white house will release reports showing high job and economic growth
 
Well , for any of you who find a need for it , on RevBox in off topic I have a thread titled Sparrow Pie recipe.
 
bxm042 said:
I also predict that if/when hyperinflation does happen, both the white house and Jordan will be telling us it's not happening
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Even Peter Schiff has backed off predicting hyperinflation. And he is always very bearish.

http://www.silverdoctors.com/peter-schiff-backpedals-on-hyperinflation-call/
We ask Peter Schiff, CEO of Euro Pacific Capital, what happened to his calls for hyperinflation. Peter admitted to us that hyperinflation may not happen after all,
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@Zippy: All some of us are saying is that saying you "can't possibly predict" one thing a year out but claiming to have the inside track on several other economic indicators doesn't make any sense. If Jordan can predict, with a good amount of certainty, prices of stocks and how the housing market will be, he should run, not walk, to invest in those areas. He could be making quite a bit of money with his information, but here he is, posting on RPF instead of going out there and making use of his information. There is a disconnect there.
 
TCE said:
@Zippy: All some of us are saying is that saying you "can't possibly predict" one thing a year out but claiming to have the inside track on several other economic indicators doesn't make any sense. If Jordan can predict, with a good amount of certainty, prices of stocks and how the housing market will be, he should run, not walk, to invest in those areas. He could be making quite a bit of money with his information, but here he is, posting on RPF instead of going out there and making use of his information. There is a disconnect there.
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Jordan does a fair bit of trading and his performance over the past few years has definitely exceeded the market by a considerable sum.

I'm not quite sure how someone's involvement on the forum precludes them from successfully investing. There's more than a few finance professionals in top tier firms who post on RPF.
 
I don't beleive we're headed anywhere but down but I do think it will take a whole lot longer to get there from here then some of you guys think.
 
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