2009 is Going To Be a Bumpy Ride

George Washington’s Blog
January 5, 2009

Here are my predictions for 2009. If these predictions sound too gloomy and you don’t buy them, bookmark this, and come back to it later in the year to see whether or not it was right.

After a short rally in the stock markets, lasting somewhere on the order of 1 to 4 months after Obama is inaugurated as President, people will realize that Obama’s stimulus plan isn’t going to work.

Specifically, it will become obvious that we’re in a Great Depression, and that nothing that Bushco or Obamaco did can get us out of it (it may take a while longer for people to realize that what both administrations did actually made the financial crisis much worse).

At that point, the stock market will crash like a waterfall. Mish thinks the crash will leave the S&P at 600. Robert McHugh thinks the crash will drive the S&P to 500 or lower (in McHugh’s worst-case scenario, the S&P could end up at 50).

At around the time of the crash, the bubble in long-term treasuries will burst. Retirees and other people who have socked away their money in treasuries will get hit hard.

The government itself will start massively buying its own long-term treasuries.

Obama will institute numerous “emergency measures” to “restore stability”. None of them will be pretty, and none of them will work . . . except to undermine our liberties still further.

Its going to be a bumpy ride.

Note: I am not an investment advisor and this should not be taken as investment advice.

35 Responses to “2009 is Going To Be a Bumpy Ride”


  1. 1

    Tyler Says:
    January 5th, 2009 at 2:05 pm

    RON PAUL FOR PRESIDENT COME ON!!

  2. 2

    Momo Says:
    January 5th, 2009 at 2:06 pm

    Yep, we are in for a bad time.

  3. 3

    aneshanm Says:
    January 5th, 2009 at 2:06 pm

    I sure hope you wrong. But knowing the past I’m sure your right.

  4. 4

    geoff r. Says:
    January 5th, 2009 at 2:13 pm

    LOL@ the legal disclaimer. P

  5. 5

    ilovechemtrails Says:
    January 5th, 2009 at 2:20 pm

    resist.

  6. 6

    CASHOUT Says:
    January 5th, 2009 at 2:27 pm

    SHOULD WE COMPLETELY CASHOUT OUR MONEY?

  7. 7

    Guru Says:
    January 5th, 2009 at 2:30 pm

    Everyone know’s that obama’s stimulus plan not going to work after bush stimulus plan failed

  8. 8

    USpaladin Says:
    January 5th, 2009 at 2:55 pm

    Well, Tyler (#1), that’s actually possible. On house.gov, you can click on U.S. Code and search for Title 28, Section 3002. That will bring up a document that lists terms used in the law and their definitions. If you scroll down to Item 15, you will see that the term “United States” is described as a corporation, not our government. Obama was elected as the president of that corporation, not our country.

    The lies are starting to crumble. Ron Paul is, in my estimation, the true president of the several States. Hell, I’m going to run for that office in 2012. Now taking donations for an exploratory commitee (heavily armed) to unite the militia, abolish the current government, and restore our republic. Any interested parties?

  9. 9

    STP Says:
    January 5th, 2009 at 3:01 pm

    I’m jobless. Can’t find a job. I am close to being 30k in debt…at 25 yrs old. I’ve only been awake for about a year or so now, about how things really work in this world. Otherwise I wouldn’t be in the debt I’m in. But yeah, I’m stuck and don’t know what to do. Thought about bankruptcy, but am saving that option for last. I’ve thought about learning to make my own beer…starting a garden and even start hunting when the seasons right. Those are the only goals I have been able to set for myself, but other than that, I don’t really know what to do about my debt situation. And it almost seems pointless to start back with school. I dunno…I feel like the weight of the world is on my shoulders and don’t know what to do…all I can tell myself is not to worry. Because my bills and money are probably the least of my worries. Any advice would be awesome….

  10. 10

    betty Says:
    January 5th, 2009 at 3:11 pm

    Lets see some real change,,,,,Vote him out in four years and put in Ron Paul or Ralph Nader.

  11. 11

    gordholio Says:
    January 5th, 2009 at 3:17 pm

    Every year seems to be a bumpy ride for some.

  12. 12

    Marlboro Man Says:
    January 5th, 2009 at 3:18 pm

    #9 I know how you must feel my son 29 same problem was laidoff in nov. and here in FL where we live unemp. is now over 10% everyone I talk to is in the same boat/if it wasn,t for me he,d be on the street and going without food ! So when you think its as bad as it can get ? Just wait a few weeks its going to get a lot worse ! Sorry thats the best I can do today

  13. 13

    infowarrior117 Says:
    January 5th, 2009 at 3:24 pm

    #7 STP, You are not alone in your situation. I don’t know if refinancing your debt would help? You can always join the military or national guard, which I guess are all one now. I don’t think the creditors are going to be hounding you since a lot of people are in trouble and going after these people would not be in their best interest. Other than that, I don’t know what to tell you unless you have some cash and can invest in quality stocks or gold/silver… best of luck to you =\

  14. 14

    sawyer Says:
    January 5th, 2009 at 3:30 pm

    won’t matter if ww3 happens, which it will. you know why they aren’t worried about it? cause they are gonna pull an FDR, let world war 3 start and use the military industrial complex to do the same thing for our economy as it did before we invaded normandy. don’t believe me? think back about how many comparisons to fdr have been placed upon obama…the threats of a major world catatsrophe hinted at by the vice president and madeline albright as well as collin powell. and they will bring back the draft. and if you don’t like whats happening? they will draft you and you will get sent to the front lines and if u draft dodge, you’ll be branded a traitor and sent to the gallows. this could cause civil revolt. then, america gets locked down by homeland security.the future is already known you just haven’t remembered it yet. and btw, this article is right as well.

  15. 15

    sawyer Says:
    January 5th, 2009 at 3:32 pm

    oh and remember how after the war it was fdr who created the UN? well obama will probably create a more unified one world government

  16. 16

    Punk in drublic Says:
    January 5th, 2009 at 3:46 pm

    #9 Hey brother, I can relate! I own a business that used to do 15k a month, I’m also a carpenter, and car salesman when I have to be! Now I have no calls coming in, housing is in the shitter, and people can’t buy cars. There’s always a bright side! We could repo cars, board up foerclosed homes, or open a pawn shop. I’m a christian, so I pray alot!!! Keep your head up kid!

  17. 17

    Salty Dog Says:
    January 5th, 2009 at 3:47 pm

    STP #9 if I was in your shoes I would join the Army. Three meals a day and health care.

  18. 18

    Salty Dog Says:
    January 5th, 2009 at 3:49 pm

    It took 8 years of Bush to get us in this depression it will take Obama 3 years to get us out.

  19. 19

    me Says:
    January 5th, 2009 at 3:56 pm

    2009 predictions;

    The big collapse that everyone thinks is going to happen is NOT going to happen.

    obama is NOT going to be banning semi autos. Not that it would matter, all the 2nd amed. nra pussies will just take it anyway.

    Gold will NOT save you and it will NOT be going to $2000+ just like it didn’t in 08 when everyday you heard it was going to. It had to the powers were losing control. ha,ha,ha,ha,ha. The powers control the price of gold so why don’t you fools buy some. ha,ha,ha,ha,ha,ha,ha. Dumb

    The attack on Iran will NOT happen just like it didn’t in 08, 07, 06

    christians will continue to lay down and dream. and do nothing to help.

    There will NOT be riots in america. Revolt/revolution? Yea ok. ha,ha,ha,ha,ha,ha,ha.

    There will NOT be marshal law. They don’t need to do it, the weak ass pathetic coward people are no threat what so ever.

    ron devil horn mason shake lier scum bag paul will NOT fess up to the truth about 9/11. He will continue to do his job as instructed by his masters.

    And the big one; Jan. 21 and 22. What will happen? Nothing.

  20. 20

    ICE FARMER Says:
    January 5th, 2009 at 4:02 pm

    #18, it is the govt not the dems or repubs. it is not the repulican vs the democrat or vice versa it is the GOVERNMENT AGAINST US my friend. they have the same agenda just different methods in achieving it. Obama, Bush or any other mainstream polititian cannot save us now, nor could they ever. I should of voted for Ron Paul.

  21. 21

    Bill Says:
    January 5th, 2009 at 4:17 pm

    #9 your well being is worth a lot more than any unpaid bills, I have a mountain of bad debt &

    finally have come to terms with it. I am 39 gone through a divorce & had a business that no longer applies to current economic times, how many parents are winding up in jail because of unjust support payments /alimony, try to get your GOVT to acknowledge that it is tough out there

    while your EX is using a hired gun paid for via your tax dollars to beat you down because he/ she can, now your a bad person because you don’t care for your child/ren, enjoy your time & do not stress about things beyond your control.

  22. 22

    EASYTOSEE Says:
    January 5th, 2009 at 4:26 pm

    # 19 exactly nothing is going to happen ” everyone is scare chill out

  23. 23

    akmemin Says:
    January 5th, 2009 at 4:26 pm

    #19 me, I can agree on a few of those. Martial law will not happen, perhaps in isolated places but not the entire country. Christians will keep praying and thus do nothing. ( For the most part) Obama will not ban semi autos. But gold and silver will be a very good investment, perhaps not immediatley in 2009, but very soon. And the big collapse is going to happen, it’s already happening in fact. Our government is just going to continue to make it worse. And I’m not even gonna touch on your Ron Paul comment, it’s apparent that you’re just trying to get a rise out of people, which you have every right to do, I just hope noone here takes the bait.

  24. 24

    Eli Stanbe Says:
    January 5th, 2009 at 4:37 pm

    #9

    First, file for unemployment compensation. Second, sell everything that you don’t need—even if you don’t want to. Third, make sure you have a gun with plenty of ammo and storable food (growing your own and hunting as you have stated.) Fourth, don’t worry about the debt; let it accumulate. You cannot go to prison or jail for debt (unless you skip out on child support or income tax evasion—another story for another time) and as the worst that can happen is that your credit history sucks—whoop-dee-doo! In less than a year, everyone’s credit history will go down the drain. So stock up now and prepare for the inevitable, abysmal fall of the United States of Hysteria!

  25. 25

    Ezra Says:
    January 5th, 2009 at 4:38 pm

    #23, 19

    What are you talking about Gold has been a great investment already.

    #19

    Quit fantasizing. Historical ease doesn’t mean that the future will be good.

  26. 26

    TheWorldWatchDog Says:
    January 5th, 2009 at 4:38 pm

    Of course, Ron Paul for president! But America’s problem is that over 70% are still completely CLUELESS! The damage is done however… America is about to go bankrupt and no amount of “hey let’s wake the neighbours” is gonna change that anytime soon.

  27. 27

    Anson Chi Says:
    January 5th, 2009 at 4:43 pm

    Hey Moderator,

    You know Alex Jones is a Jesuit coadjutor appointed by the Vatican, who is really controlling everything, so fuck you for deleting my posts!

    Anson Chi, interpaul@gmail.com

  28. 28

    EASYTOSEE Says:
    January 5th, 2009 at 4:44 pm

    this site is going to make you crazy

  29. 29

    Jack Says:
    January 5th, 2009 at 4:46 pm

    After reading some of these comments I wonder what some of you have been listing to. Maybe too much main steam media and not enough Alex Jones. Some of these are laughable, way off, and ill informed. Obama will fix nothing. Things are BAD. #23 akmemin has a good grasp of things and explains it well.

  30. 30

    Stop Killing Babies! Says:
    January 5th, 2009 at 4:48 pm

    LIBERALISM is a MENTAL DISEASE that destroyes the brain from the inside out!

  31. 31

    Nick Says:
    January 5th, 2009 at 4:50 pm

    Bill, you got that exactly right. Most men cannot do much about what is going on because of the corrupt family law system. Men are too worried about paying for two households and trying to see their kids while working two jobs, etc, etc, to be able to even catch their breaths. Check out what really is happening to American fathers at

    http://video.google.com/videop…..2366917141

  32. 32

    SHENK Says:
    January 5th, 2009 at 5:03 pm

    @ me

    1. It’s not up for you to decide what will happen.

    2. Everything you mentioned will help, elite says so and they will do it.

    3. Stop pretending everything is ok and everything is fine when it won’t, you’re just a lying bastard with the intent to deceive people.

    Go away

  33. 33

    cc Says:
    January 5th, 2009 at 5:33 pm

    #9, if learning to make your own beer is one of the top priorities, you need to really rethink things…that’s probably what got you into so much debt in the first place lol

  34. 34

    FREE SPEACH! Says:
    January 5th, 2009 at 5:54 pm

    STP…..DO NOT JOIN the army that would be selling your soul! I was in the same boat in 1999. I’m still here. Believe it or not, all things happen for a reason, and all for the better, you might not believe it right now, but it is! Things will turn out for you, and all for the better! Hang in there. We need you to help us in this quest against the EVIL DOOERS! Be positive, there are millions in your boat less fortunate than you. Think of what you HAVE not what you have not! Do you have a loved one? Then you have MILLIONS! DONT FORGET THAT! My thoughts will be with you! PEACE TO YOU!

  35. 35

    FREE SPEACH! Says:
    January 5th, 2009 at 5:59 pm

    STP…..DO NOT JOIN the army that would be selling your soul! I was in the same boat in 1999. I’m still here. Believe it or not, all things happen for a reason, and all for the better, you might not believe it right now, but it is! Things will turn out for you, and all for the better! Hang in there. We need you to help us in this quest against the EVIL DOOERS! Be positive, there are millions in your boat less fortunate than you. Think of what you HAVE not what you have not! Do you have a loved one? Then you have MILLIONS! DONT FORGET THAT! My thoughts will be with you! PEACE TO YOU! Hey have a few beers on me too!

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