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Prediction #2 - The U.S. Supreme Court will grant legal immunity to Big Pharma
Confidence in prediction: 75%
I predict the U.S. Supreme Court will rule in favor of Big Pharma in a pending court case, betraying the American public by taking away its right to sue over dangerous pharmaceuticals that harm or kill.
The victory will be short-lived, however, as a Democratic-controlled Congress will pass new legislation in 2009 that will reestablish the right of consumers to sue drug companies for dangerous products that cause harm.
Prediction #3 - Wave of commercial bankruptcies will bring down retailers, malls and commercial real estate companies
Confidence in prediction: 80%
This prediction is already well underway, so perhaps it's not a fair prediction to include in this list, but I did publicly predict this in early October, 2008, in my Financial Preparedness and Health Safety audio seminar, which took place long before the commercial bankruptcies started to take place (http://www.truthpublishing.com/Health_R...).
For 2009, I predict the post-Christmas economy will see accelerating bankruptcies of even more retailers and shopping malls, and many commercial real estate holders will go belly up, causing a liquidity crisis in the commercial markets just like we say in the private homes real estate market.
The only retailers immune to this will be the low-cost, "value" retailers like Wal-Mart and Costco.
Prediction #4 - Real inflation on food will hit 20 - 40 percent before the end of 2009
Confidence in prediction: 50%
All the trillions of dollars the Fed has been dumping into the money supply will start to cause noticeable inflation by the end of 2009. Food prices will spike 20 - 40 percent compared to December, 2008 prices, and the cost of other goods (clothing, services, etc.) will increase somewhat less. By 2010, food prices could be 50% higher than they are right now in late 2008.
A related prediction on this matter is that if food prices get too high, the Obama Administration will likely put price controls in place for basic food items like milk and bread. Although this may not take place until 2010 or 2011, when it does it will result in widespread food shortages, setting off a humanitarian crisis as poor families in America face starvation for the first time in many generations.
Who will bail out the hungry? Too bad the Federal Reserve can't print food, huh?
Prediction #5 - Melamine scandal widens, envelops meal replacement products
