Chick Little - The economic crisis?

The incoming economic crisis? I am not going to cry as Chick Little.

Now, here's what I believe, in the next 2-3 years - I am not psychic, nor can I predict the future, so it's just my stupid opinion, and the rest you can read from the Internet:


1. I believe the sky is NOT falling, nor will the world come to an end.
2. I believe there will NOT be mass chaos in the United States, but increase in crime rate, probably
3. I believe the economic crisis has just began and there's more lying ahead of us.
4. I believe the US dollar will be significantly devaluated to probably 50-75% of what is worth now.
5. I believe the housing market will continue to drop till a medium average single family house is about $160K compared to the current $218K.
6. I believe gold will go over $1500/oz and stay there for a period of more than 1 year.
7. I believe stock market will fall and stay low in the next 1-2 years
8. I believe we will all pull out of this mess in about 5 years.
9. I believe most of us will be poorer after this mess and many will get their saving wiped out and must work for more years before retiring.
10. I believe Brittney Spears is getting too fat and ugly for my taste.

I actually hope I am wrong because I want to live in a peaceful time; on the other hand, i look forward to it as economy downturn is also a great opportunity for those who are prepared.