Robert Prechter, Founder of Elliott Wave

UPDATE:  For those who claim that if one could PREDICT economic trends and what not then they would be billionaires.  Please understand that aside from man’s manipulations ALL economies have up and down cycles and are based on NATURAL LAW just like gravity is based on natural law. Once you add man’s manipulations to these natural up and down cycles then we see worse issues in the economy.  In the side bar, I have posted the interview I had with Allen Hall from the Elliott Wave. We discuss the natural law of economies with man’s manipulations. I hope you will take the time to listen to that interview.  I used the word prediction but I could also use the word FORECAST. EW uses science to come up with their FORECASTS.  They are not crystal ball readers, they are scientists that use actual data and have created a new science called Socio-Nomics.

Elliott Wave, a socioeconomic research think tank,  and investment advisory service,  is reporting the the third down cycle or impulse wave, which is ALWAYS the largest and most drastic leg of any Elliott Wave cycle has already begun to take place which means a pretty severe stock market crash is indicted by Elliott Wave analysis for the next three months. 

EW has done research into economic cycles going back several hundred years and so far in our research of what they have been reporting, they have been fairly accurate.  Also, be aware that America IS NOW in a depression and it’s going to be worse than the “great depression”  and again, worse because the gub’ment has decided that a Marxist or centrally planned economy is far better than a free market or laissez-faire economy, so Americans are facing a triple threat.  (Download these papers which go with radio show).

Do not believe what the faux-bama and Tax Cheat Timothy Geithner are yammering about regarding this economy,  in that it will turn around this year, as it will will only hurt you!  They are bald face liars,  and of course, the state sponsored media is in lock step with this deceit and reporting to you that America is only going through a Jimma Carter style recession.

America is in a depression.  No Compromise Media has been reporting this depression since last November and our economy has steadily slipped further down into an economic nightmare for millions of American families in the loss of jobs, homes, and futures. 

This depression would have not been as severe had the Congress decided that they stood for Americans and protected our economy, but instead they decided to be driven by their narcissistic fantasies,  and lust for power and that their own personal lives were more important than those they claim to represent.  It is time for Term Limits and it’s time for impeachment charges to be filed against certain congress critters! 

If Americans do not take back Congress in 2010 and strengthen our free market then it’s going to take another 50 or 60 years to get this country back!  There was a severe long-term depression that began in 1721 with the popping of the South Sea bubble and continued all the way until the 1780s.  That depression mimics the one we are seeing today.  The bubbles that are popping today are as extreme as the South Sea bubble in 1720.  

Prepare!  That’s the word for today. Get out of debt, save your money,  and prepare!

NC Sez:  I’d like to stamp more than tax cheat on this buffoon’s name!

by Michelle Malkin

Are you up for a cathartic act of civil disobedience? DaveG at Where’s the Change? has a subversive plan. I like it:

I think it’s time for a comeback for civil disobedience. The only thing that angers me more than the rampant elitism and corruption in our government is that apparent tolerance for it that was demonstrated most recently with the appointment of what is almost certainly a tax cheat as the Treasury Secretary. Surely I am not alone in wondering why I am a big enough sap to pay tens of thousands of dollars in Federal taxes each and every year, while our Washington bureaucrats seem to get away consequence free with a pattern of cheating and fraud. And please, don’t tell me Tom Daschle didn’t get away with it. Sure, he lost his position for a cabinet position, but don’t you think he will be laughing all the way back to his millions-a-year “consulting” gig? Will he be prosecuted for his fraud like I would be? Did he pay any penalties? No, and no.

Since my single, solitary vote is nothing more that a BB in a machine gun world, I intend to start practicing civil disobedience. In the case of Treasury Secretary Geithner, I am going to have a rubber stamp made that says “Tax Cheat!” in block letters. Every time I see a piece of paper currency with Geithner’s signature on it, I am going to stamp over his name with my Tax Cheat stamp. Sure, this action is just as futile as my vote, but eventually maybe others will reach the same conclusion that I have: it is far past time to make our voices heard.

Dave has a link to an inexpensive stampmaker at his blog, or you can go to taxcheatstamps.com — until, that is, Dear Leader and Dear Treasury Tax Cheater move to shut them down.

Remember: Dissent is no longer patriotic.