WHAT GLOOM AND DOOM PREDICTED ONE YEAR AGO!

HERE'S WHAT WAS POSTED LAST YEAR ON GLOOM AND DOOM AS PREDICTIONS FOR 2007.

" 2007 PREDICTIONS: THE YEAR ALL HELL BREAKS LOOSE...
My hunch is that 2007 will be the year that all Hell breaks loose...

GOLD WILL GO TO $1000+.

AND OIL WILL RISE TO WELL OVER $100...

The Gates of Hell will open in Iraq...with major military catastropes by the dozen...

The US economy will fall into a deep recession, that will rival the 1970's in scope...

Several major "financial institutions" and hedge funds will fail in the wake of the continuing housing crash...and dollar collapse. And foreign central banks will dump US bonds like there is no tomorrow...causing interest rates to rise to double digits overnight. The 10 year bond will yield 11% by the end of July next year...

The dollar will finally collapse...as long predicted by everyone...perhaps going to 160+ on the Euro. But, the FED will be helpless to act for fear of "making things worse." Gas will be nearly $5 per gallon by Summer of 2007.

Afghanistan and Somalia will plunge into chaos with resurgent Islamist rebellions in those countries...and instability will come to several other middle eastern nations that have resisted the Islamist cause thus far...most ominously in Pakistan and with the House of Saud... Before spring, Bush will announce a military Draft to help control the increasing chaos... Israel will mount an air attack on Iran this spring... Bush's approval rating will plunge to the high single digits...and the voices of protest will increase markly in Congress... Russia and China will sit passively and watch the show...even while playing the "spoiler" at every possible opportunity.

By the end of 2007...2006 will look like a "cakewalk," indeed, the last days of some degenerate Golden Age...compared to what comes next...

Our Days of "just muddling through" on hope, hype, and happy talk will be ending soon..."