People often wonder how the holocaust in Germany was permitted to happen. I now realize that denial is often related to to how disturbing the news is. The more horrific the information, the longer some people will remain in denial. Such is the case with the state of our economy. Most people realize that our economy is unstable, but I don't think many people realize just how bad it is going to get. Remember that the first Great Depression was preceded by a decade of lavish prosperity known as "the Roaring 20's".
My friends at the National Inflation Association have made several excellent videos, one of which is a futuristic prediction of what COULD happen in the near future. Before you read any further, please watch the seven-minute clip called The Day the Dollar Died.
Sadly, I do not think this video is an exaggeration. Although it is not the only scenario for the collapse of society, I believe it is one of the serious possibilities. Personally I don't think the collapse will happen in twelve hours, but I do think it could be as quick as forty-eight hours. I've seen store shelves empty very quickly in anticipation of an imminent snow-storm or approaching hurricane, however those have been temporary shortages prior to an emergency. When store shelves empty this time, it is possible that they won't be refilled right away. Even if there are products on the shelf, the skyrocketing cost of food may make it more difficult to feed a family than it already is.
What I'd like you to do is to gaze into your crystal ball and get a glimpse of the future. I'd like you to make some predictions about what is going to happen in 2011. Please be specific in your predictions (eg. "Gold will reach $3000 an ounce") and give the month you think that may happen. There are no right or wrong answers, simply personal opinions that will vary from optimistic to cataclysmic. I'm pretty certain that nobody has enough influence to stop or alter the future by themselves, so I won't accuse anyone of stacking the deck.
[As the moderator, I will not allow any posts that ridicule someone else's prediction, so feel free to express yourself candidly.]