New Year's Eve economic forecast from Max Keiser with Karl Denninger

Max Keiser's Annual New Year's Eve economic forecast with Karl Denninger

1. European sovreign debt market collapses
2. China's economy hits the wall and blows up
3. U. S./China trade war potential is high
4. Potential for a third-party Presidential election dark horse to emerge
5. Privatization of money system to root out corruptions
6. Obama DoJ seeks to run out the clock rather than seeking justice for bansters
7. OWS is at grave risk of being co-opted by the racial left, just as the Tea Party was by the right
8. The housing market is topping in Austrailia and Canada, with no bottom anywhere in site in the United States.  Denninger would not be surprised to see real estate fall another 50% in the United States.
9. Gold will not be immune to asset deflation, will show high volatility, and is susceptable to leverage coming out of the system.

 

Tags: Bank Failure, Credit Crisis, Economics, Fascism, Financial Frauds, Government Debt, Housing Crash, Hyperinflation, Ponzi Schemes

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