Posts Tagged ‘dollar’

Pernel’s 2010 Psychic Predictions Are Coming True …..

March 13, 2010

https://psychicinsights.wordpress.com/2009/12/26/2010-psychic-predictions-by-pernel-dove/

* There will be 5 hurricanes make landfall this year.

Update: March 11, 2009 – Hurricane Season Could Be ‘Extreme’ Forecaster Says – AccuWeather.com, which just issued its early hurricane season forecast, not only believes that the 2010 season will be more active than last year, but the private company sees the potential for an “extreme season” with an above-normal threat all along the Atlantic and Gulf coasts.

The forecast mirrors other early-season prognostications in terms of more tropical activity than last year. It projects 16 to 18 storms (hurricanes and tropical storms), 15 of which are expected to occur in the western Atlantic and in the Gulf of Mexico, potentially posing a threat to U.S. coastlines. Seven hurricanes are forecast by AccuWeather, five of them major (Category 3 or stronger). Two or three major hurricanes are projected to make landfall, with seven total storms making landfall. AOL News

* The economy will destabilize to its lowest point ever.

Update: March 8, 2010 – It will be far worse than the Great Depression If the economy was a person, then the producing sector (agriculture, manufacturing, mining, etc) would be its “income”. If the service sector is much smaller than the producing sector (like China today or the US one hundred years ago), then a country is living below its means (net saver). If the service sector is much larger than the producing sector, then a country is living above its means (depleting savings and going into debt).

Below is a graphic showing the different sectors of the US economy over the last two hundred years.

http://3.bp.blogspot.com/_EZMGVwURo3M/S5Tqnb0TPpI/AAAAAAAACcE/CqotrmxTfbg/s1600-h/chart01v2-789466.PNG

Here is what needs to happen (and what will happen) in the next two years to bring the US economy back into balance.

http://2.bp.blogspot.com/_EZMGVwURo3M/S5TqnndRdwI/AAAAAAAACcM/G17Phhkknwk/s1600-h/chart01v2v2-790648.PNG

GDP is a flawed measure of a nation’s wealth

If the economy was a person, then its GDP represents its “spending”. As anyone knows, by dipping into savings and borrowing money, a person can temporarily live beyond their means. This is what the US has been doing big time for the last few decades.

It is ridiculous that economists consider the US to be the “largest” economy in the world based on this flawed economic measure.

It will be worse much worse than the great depression

If you are worried about someone defaulting on their debt, do you:

A) Compared that person’s debt to his “spending”.
B) Compared that person’s debt to his “income”.

(the answer should be dead obvious)

Now I am sure that most readers of this blog have seen some version of the chart below, comparing US debt to gdp (“spending”). This chart incorrectly suggest that the US is due for a downturn as bad as the great depression.

http://4.bp.blogspot.com/_EZMGVwURo3M/S5Tqn9K-6tI/AAAAAAAACcU/d4llAXQRh20/s1600-h/total-us-debt-vs-gdp-791588.png

The reality is that total US debt should be compared to America’s producing sector (“income”). As a percentage of gdp, the producing sector in 1930 was four times the size of the producing sector today. This tells us that the US economic collapse will be far worse than the great depression Posted by Eric deCarbonnel Market Skeptics

* A massive earthquake will hit the coast causing tremendous damage

Collapsed building in Concepción

Update: February 27, 2010 – Chile Quake One of the Strongest on Record An 8.8-magnitude earthquake that struck off the coast of Chile early this morning toppled buildings, cut roads, power lines and telecommunication, and set off tsunami warnings that sent people scrambling for higher ground from China to Hawaii.

Experts said the quake was one of the strongest ever measured in the world and was the most powerful temblor to hit quake-ridden Chile in half a century. Authorities believe at least 300 people were killed by the tremor. AOL News

COMING SOON – NEW PSYCHIC PREDICTIONS !!!!

So what is in your future?

Contact Psychic Pernel Dove today for a reading

kystlnet@aol.com or http://www.krystalnet.com

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Pernel’s Psychic 2009 Predictions Are Accurate Again

April 29, 2009

https://psychicinsights.wordpress.com/2009/01/31/new-psychic-predictions-for-2009/

All Predictions listed at link above

* The economy is going to rebound a little, not too much and will spiral downwards yet again, do not look for a quick and easy fix as it will not happen.

Update April 29, 2009: The U.S. economy contracted at a surprisingly sharp 6.1 percent rate in the first quarter as exports and business inventories plummeted.

The drop in gross domestic product, reported by the Commerce Department on Wednesday, was much steeper than the 4.9 percent annual rate expected by economists and followed a 6.3 percent decline in the fourth quarter.

GDP, which measures total goods and services output within U.S. borders, has now dropped for three straight quarters for the first time since 1974-1975.CNBC News

* The housing market will crash even farther as the economy grows dimmer.

Update April 29, 2009:

Housing Crash News from Patrick.net (rss)
Wed Apr 29 2009
US house prices continue to drop in February (latimes.com)
US Home Prices Continued to Decline in February (nytimes.com)
House Prices Down 31% From Peak (optionarmageddon.ml-implode.com)
House Vacancies Rise in U.S. to Record Amid Recession (bloomberg.com)
Some houses in Sacramento area now cost less than $25,000 (sacbee.com)
Tampa Bay house prices flee to 2003 (tampabay.com)

Call Pernel Today for a Psychic Reading

1-352-376-8822

2009 Psychic Predictions by Pernel Coming true …

March 23, 2009

https://psychicinsights.wordpress.com/2009/01/31/new-psychic-predictions-for-2009/

* The economy is going to rebound a little, not too much and will spiral downwards yet again, do not look for a quick and easy fix as it will not happen.


Update: March 23, 2009– NEW YORK – Oil prices rose above $52 a barrel Monday, boosted by stronger stock markets and a weaker dollar amid plans by the U.S. government to buy bad assets from banks to contain the financial crisis. AP News

* Some scandal will become associated with the new President.

Update: March 10, 2009 –
Obama’s First 50 Days: Devastating to Taxpayers
WASHINGTON, March 10 /PRNewswire-USNewswire/ –Today Americans for Tax Reform (ATR) released a taxpayer timeline of President Obama’s first 50 days in office:
January 20: The Dow opens at 8,279.63. Obama is inaugurated. The Dow falls 330 points.
January 26: Treasury Secretary Tim Geithner is confirmed despite his tax problems.
February 2: In order to ensure “What happens in Chicago, stays in Chicago” by preventing corruption and kickbacks arising from the “stimulus” bill, ATR asks each Member of Congress planning to vote for the bill to sign a statement promising that they, their family, and the members of their staff will not personally benefit from the bill. All refuse.
February 3: Health & Human Services Secretary-designate Tom Daschle withdraws his nomination due to tax problems. Chief Performance Officer-designate Nancy Killefer withdraws her nomination due to tax problems.
February 4: On the sixteenth day of his presidency, Obama breaks one of the central promises of his campaign by singing into law a 156 percent increase in the federal excise tax on tobacco, a hike of 61 cents per pack, to take effect April 1. Obama promised repeatedly on the campaign trail that he would never raise any form of taxes on those making less than $250,000 per year, for example:
“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes”
(September 12, 2008, Dover, NH — http://www.youtube.com/watch?v=Q8erePM8V5U )
This tax increase will fall squarely on the shoulders of the middle- and low-income Americans Obama said he would not raise taxes on: 55 percent of smokers are “working poor,” one in four smokers live below the poverty line, and on average, smokers, whose median income is a little more than $36,000 make about 30 percent less than non-smokers.
February 9: Obama holds his first press conference, during which he calls for massive government spending increases. He fails to provide a single historical example where a government increased spending which led to increased jobs, income, and wealth on any sustainable basis.Obama also has the audacity to claim the “stimulus” plan is free of pet projects and earmarks:
“What it does not contain, however, is a single pet project, not a single earmark, and it has been stripped of the projects members of both parties found most objectionable.”
Responding to a reporter’s question as to what specific metric the American people should use to determine whether Obama’s programs are working, Obama replies:
“I think my initial measure of success is creating or saving 4 million jobs.”
How, exactly, does one measure a “saved” job? (See March 4 for details)
During the press conference, Obama builds expectations about the next day’s planned announcement by Treasury Secretary Geithner.
February 10: Instead of presenting the promised specific plan, Geithner instead offers vague statements and echoes FDR’s economically paralyzing “bold, persistent experimentation” philosophy with this gem:
“We will have to adapt our program as conditions change. We will have to try things we’ve never tried before. We will make mistakes. We will go through periods in which things get worse and progress is uneven or interrupted.”
The Dow falls 380 points.
February 12, sometime around 10:00 PM: The “Stimulus” conference report is completed behind closed doors. Less than sixteen hours pass before the bill is taken up by the House.
Friday, February 13
2:24 PM: With not a single Member voting for the bill having claimed to have actually read it, the House passes the conference report for H.R.1, the “American Recovery and Reinvestment Act of 2009.”
5:29 PM: With not a single Member voting for the bill having claimed to have actually read it, the Senate passes the conference report for H.R. 1.
The Dow falls 82 points.
February 17: Obama signs the “Stimulus” bill and violates his pledge to the American people that he will allow legislation to be posted online for five full days before signing it. The stimulus bill was posted for only four days, not five.
“No more secrecy. … when there’s a bill that ends up on my desk as president, you, the American voter, will have five days to look online and find out what it is before I sign it, so that you know what your government’s doing.”
(June 22, 2007. Manchester, New Hampshire, http://tinyurl.com/dl2wog)
The Dow falls 293 points.
February 24: Obama makes his first address to a joint session of Congress and claims he doesn’t believe in “bigger government.” Obama also says he is proud that “we passed the recovery plan free of earmarks.”
February 25: The first trading day after Obama’s address, the Dow drops 78 points.
February 26: Obama releaseshis budget outline which raises taxes on individuals, small businesses, capital gains, dividends, and foreign source profits of corporations while eliminating several energy tax credits.
The budget also calls for a “cap and trade” regime which makes an absolute mockery of Obama’s central campaign promise not to raise any form of taxes on those making less than $250,000 per year.
Obama also shatters his campaign promise to enact net spending cuts during his administration:
“So we’re going to have to make some investments but we’ve also got to make spending cuts, and what I’ve proposed — you’ll hear Senator McCain say ‘he’s proposing a whole bunch of new spending’ — but, actually, I’m cutting more than I’m spending. So that it will be a net spending cut.”
(Oct. 7, 2008. Second Presidential Debate – http://www.youtube.com/watch?v=eM0Eri8VWiw)
The Dow drops 86 points.
March 1: The Obama administration foreshadows another broken promise when Peter Orszag, appearing on This Week with George Stephanopoulos, claims the 8,000 earmarks in the 2009 Omnibus are “last year’s business. We just need to move on.”
To say the least, this is not consistent with Obama’s campaign promises on earmarks and “change”:
“And, absolutely, we need earmark reform. And when I’m president, I will go line by line to make sure that we are not spending money unwisely.”
(Oct. 14, 2008. First Presidential Debate)
March 3: Obama compares the stock market to a political daily tracking poll:
“The stock market is sort of like a tracking poll in politics. It bobs up and down day-to-day,” Obama said. “And if you spend all your time worrying about that, then you’re probably going to get the long-term strategy wrong.”
Obama also indicates to union leaders he will sign “card check” legislation.
The Dow drops 38 points.
March 4: While testifying before the Senate, Treasury Secretary Geithner is challenged by Finance Committee chairman Max Baucus (D-MT) as to the invention by the Obama administration of a new metric — “creating or saving” jobs — the very same metric Obama claimed on Feb. 9 is the most important measure of success:
“You created a situation where you cannot be wrong. If the economy loses 2 million jobs over the next few years, you can say yes, but it would’ve lost 5.5 million jobs. If we create a million jobs, you can say, well, it would have lost 2.5 million jobs,” Baucus said. “You’ve given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct.”
March 4: CNN visits the site of the first “stimulus” dollars to hit the ground: A $8.5 million bridge serving the town of Tuscumbia, Missouri – population 223.
March 5: While testifying before the House, Treasury Secretary Geithner concedes Obama’s budget raises taxes on small businesses, but focuses on a meaningless metric: the percentage of small businesses affected rather than the fact that two-thirds of small business profits will be subject to higher taxation.
The Dow falls 279 points.
March 9: The Dow closes at 6,547.05. From Inauguration Day to March 9, the Dow is down 1,732.58, a 21 percent drop.
Americans for Tax Reform (ATR) is a non-partisan coalition of taxpayers and taxpayer groups who oppose all federal, state and local tax increases. For more information or to arrange an interview, please contact John Kartch at (202) 785-0266 or at jkartch@atr.org.
Americans for Tax Reform
Update: March 21, 2009Sarah Palin attacks President Obama over ‘Special Olympics’ crack on ‘Tonight Show with Jay Leno’
Shame on you, Mr. President.
That was the scolding Barack Obama took from disability advocates for joking Thursday that his bowling skills were worthy of “the Special Olympics or something.”
“This was a degrading remark about our world’s most precious and unique people, coming from the most powerful position in the world,” fumed former GOP veep pick and Alaska Gov. Sarah Palin, whose youngest son, Trig, has Down syndrome.
“These athletes overcome more challenges, discrimination and adversity than most of us ever will,” she added. NY Daily News

 

  Update March 22, 2009- CBS’s Kroft to Obama: ‘Are You PunchDrunk?’
In a wide ranging interview broadcast Sunday night, Obama was pressed by Steve Kroft on “60 Minutes” for at times laughing or smiling while discussing the global economic crisis.
“You’re sitting here. And you’re laughing. You are laughing about some of these problems,” Kroft told the president. “Are people going to look at this and say, ‘I mean, he’s sitting there just making jokes about money?’ How do you deal with — I mean: explain … Are you punch-drunk?”
“No, no. There’s gotta be a little gallows humor to get you through the day,” Obama replied, with a laugh.
The president also acknowledged surprise at how quickly the U.S. economy crumbled between his November election and January inauguration. Fox News

Note: Pernel says that these are only a beginning few, MORE scandals to come……

Call today and find out what is in your future

Get a Psychic reading with Pernel

352-376-8822

 

More 2008 Psychic Predictions Came True ….

November 15, 2008

2008 Psychic Predictions came true ….

https://psychicinsights.wordpress.com/2008/07/28/new-psychic-predictions-made-on-july-28-2008/

* Don’t relax on tornadoes as the threat of them is by far from over this year.

Update: November 15, 2008 –

August 18–27 (Tropical Storm Fay)

The largest tropical-related tornado outbreak since 2005 began with at least eight tornadoes being reported across Florida as a result of Tropical Storm Fay making landfall. The most significant damage was reported in Wellington, Florida where minor structural damage was reported and many doors and windows were blown out by an EF2 tornado. Damage was also reported near Barefoot Bay from a possible tornado that resulted in three structures being uninhabitable. Tree damage was also reported in several communities.[207][208]

Another round of tornadoes related to Fay took place on August 22 and 23. 11 more tornadoes were reported across Florida into southern Georgia.[209][210]

A tornado also set ground on August 25, near the Florida city of Crestview. More tornadoes took place on August 25 through 27 across Alabama, Georgia and the Carolinas, although most were weak and short lived.[211][212]

[edit] September

There were 133 tornadoes reported in the United States in the month of September, of which at least 69 were confirmed.

[edit] August 31–September 3 (Hurricane Gustav)

A tornado outbreak occurred as a result of Hurricane Gustav, which made landfall early on September 1 in southern Louisiana. Most of the tornadoes were weak, although a few were damaging. The most severe damage in the first wave of tornadoes was in Jefferson Parish, Louisiana (which had already been hit by Gustav’s winds and rain), where a tornado late on the afternoon of September 2 destroyed numerous houses, an apartment complex and a restaurant, and damaged many other buildings.[213][214][215] More tornadoes were reported on September 2 and the early morning hours of September 3.[216] In Evangeline Parish, Louisiana near Mamou, a tornado during the early hours of September 3 damaged several houses and killed at least two people as well as injuring several others.[217] In total, over the four days, 68 tornadoes were reported and 43 were confirmed.

[edit] September 6 (Tropical Storm Hanna)

An EF1 Tornado was confirmed by the National Weather Service to have touched down in Allentown, PA before 3 pm. Some houses, many trees, and a portion of Louis E. Dieruff High School were damaged due to the very brief tornado. No injuries were reported. [218]

[edit] September 12–13 (Hurricane Ike)

As Hurricane Ike approached the upper Texas coast, the outer bands spawned several tornadoes in Louisiana. The most notable tornado damaged at least 15 houses in the community of Mamou, not far from where a tornado killed 2 during Gustav.

At the same time, a cold front tracked across parts of the Midwest. Several tornadoes were reported in the Kansas City metropolitan area eastward into central Missouri with structural damage reported. At least 3 tornadoes have been confirmed with the strongest storm being rated EF1 in Douglas County, Kansas. [219] [220] [221]

On September 13, the same two systems as they began to combine into one produced two separate tornado areas – one to the east of Ike’s track from Louisiana to Missouri, and another focused in southern Michigan. An EF2 tornado struck Plymouth Township, Michigan; damaging an apartment complex, flipping over cars, and knocking out power to several hundred residents.[222] In Arkansas, six tornadoes – all rated EF1 – were confirmed.[223]

[edit] October

There have been 27 tornadoes reported in the US in October as of October 28, of which at least 11 were confirmed.

[edit] October 8

Several tornadoes were reported across the Deep South as a small system moved through. The most significant damage was in Enterprise, Alabama, which was previously devastated on March 1, 2007 by a violent tornado. The civic centre was heavily damaged and several houses and businesses were also damaged by an EF1 tornado there. Other tornadoes were reported in several other communities in the Florida Panhandle and southern Alabama, although no injuries were reported.[224] Altogether, nine tornadoes were confirmed.[225]

[edit] November

As of November 15, 7 tornadoes have been reported in the US in November, of which at least 3 were confirmed.

[edit] November 15

During the early morning hours, a supercell thunderstorm spawned a tornado across central North Carolina, where several tornadoes were reported. One death was reported in Wilson County after a house was destroyed in Elm City. Another death was reported in Kenly. Damage to homes and barns were reported in Sampson, Johnston and Wilson counties.[226] At least one EF2 and one EF3 tornado were confirmed in Johnston and Wilson Counties. [227]   Wikipedia

* The economy will take another sharp downturn and we will be on the verge of a Depression.  Many people will lose their jobs and work will be hard to find.  The dollar will reach a point of being almost totally worthless against foreign currency. 

 Update: November 15, 2008 – Wall Street ends turbulent week sharply lower  NEW YORK – Wall Street ended a turbulent week with another astonishing show of volatility Friday, with stocks plunging, recovering and then plunging again as investors absorbed another wave of downbeat economic news. The Dow Jones industrials fell almost 340 points and the major indexes all fell sharply for the second straight week. ( after an Obama win)

“The economic news continues to be very negative,” said Ben Halliburton, chief investment officer of Tradition Capital Management. “The realization that ’09 is going to be a very bad year for economic activity is starting to dawn on people and they are starting to digest how bad it’s going to be.”

The Commerce Department reported that retail sales plunged by the largest amount on record in October as consumers cut back on spending in the wake of the financial crisis. Retail sales fell by 2.8 percent last month, surpassing the old mark of a 2.65 percent drop in November 2001 in the wake of the terrorist attacks that year.

The Dow fell 337.93, or 3.82 percent, to 8,497.31, at its lows of the day. The Dow fell more than 300 in early trading, recovered to a slim advance and then turned sharply lower at the end of the day as hedge funds cashed out. Fund investors had a Nov. 15 deadline for withdrawing their money, which forced the funds in turn to sell stocks.

Meanwhile, the price of a barrel of light, sweet crude fell $1.20 to settle at $57.04 a barrel on the New York Mercantile Exchange. Oil has been falling for the same reason as stocks — the fear of a deep global recession. AP News

 So what is in your future?

Call Pernel for a Psychic reading 1-352-376-8822