Monday, September 29, 2008

A Time Line for the Near Future???

This is part of a story I blogged about a few days ago but i felt that a few paragraphs merited further scrutiny (mentioning would be a better word).

Let us see how "on the mark" Mr. Strieber is on this one...

Let me give you a timeline.
-First, the most likely time for a terror attack is this October. It hits us just as the economy is collapsing, and disrupts the presidential election.
If it strikes Washington, the country takes the worst blow it has ever taken in its history. As there is no continuity of government plan in effect that takes the possibility of the sudden disappearance of Washington into account, it is literally anybody's guess what might happen next.
-At the same time, bailout or no bailout, over the next eight weeks we will see extraordinary changes in financial markets and in our lives.
Without a bailout, we will see credit dry up and banks fail. With one, we will see the dollar collapse.
In terms of the environment, it is likely that scientists will announce sometime this fall that methane outgassing has taken place over the summer at unprecedented levels. We will begin to see its effects next winter.

The wild card here is the sun. If it remains quiescent, there will be fewer coronal mass ejections and therefore less heat reaching earth's atmosphere. (How the sun affects our weather is controversial, but there is general agreement that it gets warmer during solar maxima.)

At present, the solar wind is probably as low as it has ever been, so the sun could help us here.I think that there is a very real risk of terrorism and social upheaval right now, or those troops would not have been deployed to the U.S.

It could be--in fact, it's probable--that the bailout will be approved by congress in some form this weekend.
If that happens, the stock markets will respond explosively next week and gold will plummet.If so, it would be a good time to put cash into the yellow stuff, it seems to me.

No comments:

Post a Comment