The Meltdown of 2009

This is a GLOBAL MELTDOWN!!! All over the world, governments are doing the same thing - that is printing more and more money and planning to spend their way out of the crisis. Massive stimulus programmes are being instigated, the toxic debts of the financial institutions are being swept up by the governments - they are acting as though there are no consequences to this type of behaviour. They are using 1930's methodologies to tackle 21st century problems. It's ridiculous. The burden will ultimately fall on the taxpayers.

Just today, Gordon Brown announced that this crisis is unprecedented and we could not look back at history for any answers. Great. So what are they doing? Just repeating history without any thought about the effect they are having on peoples' lives for the future.

Here's the way I see it. We started out with the sub-prime mortgage crisis in 2008 and the subsequent collapse of many banks and financial institutions. Since then, some huge retailers have gone bust: Sharper Image, Linens and More, Circuit City to name but a few. This is just the start. Yesterday over 75,000 job losses were announced. In one day! What you will be seeing will be an enormous collapse of the commercial real estate sector. This will be much bigger than the sub-prime crisis. Imagine all the empty buildings from the companies who are no longer in business. This is going to be huge.

The US Treasury Secretary, Timothy Geithner, is pretending that they are saving the banks in the name of national interest. They cannot save the banks - they are pouring all the toxic assets onto the taxpayers. The ship is sinking but lifeboats are only there for the wealthy. Every person is going to be much poorer in order to keep on enriching the elite few at the top. How can they justify taking over $18bn in bonuses during 2008 when leading so many financial institutions into bankruptcy??? It's shocking. And this is only the surface. We are not even seeing 10% of the extent of the greed, dishonesty and unethical behaviour. This is merely the beginning. Do you think that Bernard Madoff is the only one??? No way, he is one of many that have been found out so far.

Already we are seeing the signs of unrest around the world: a million people striking in France this week, riots and demonstrations in Greece, Latvia, Russia, Iceland...Already in the US, they are training the military for riot control. The Arizona police force is training the police for riots and economic calamity.

Be assured that draconian measures will be taken by governments around the world. It could be a bank holiday, it could be confiscating gold, it could be anything - probably something totally unexpected - but it will definitely be something dramatic that will hurt the everyday person and again the rich will benefit.

There will be bigger government, more intrusion, more spying. Crime will increase rapidly and there will be a growing underclass.

It is important to prepare for the worst: at least have a couple of weeks of water and food stored away, some gold, some weapons if you think it necessary as well.

Remember the banks might just close for a while - so make sure you have some cash on hand.

It doesn't cost anything to take protective measures.

Again, I tell you, I am not into doom and gloom, but I felt I had to write this blog urgently right now so that as many of you as possible can make preparations to protect yourselves.

For the future, it is going to take creative innovation: possibly in the field of alternative energy, medical breakthroughs, or climate change solutions.

First protect yourself and your family, and in future blogs I will discuss how the future can really be brighter for us all.

Take care.