News Reports Are Confirming Predictions in Future News Article, "U.S. Economy Headed For A Fall"

News Reports Are Confirming Predictions in Future News Article, "U.S. Economy Headed For A Fall"
Bill Tenuto
April 13, 2005
PBU16


Occasionally my gift of foresight manifests some interesting points of accuracy when the same words and phrases I use in writing a prediction appear later in a news headline, article or report. This recently happened.

(In the examples below, the words used in my predictions and the corresponding words that appeared later in the news are printed in bold.)

On March 14, 2005 in "U.S. Economy Headed For A Fall," I predicted:

"Under building pressure from increased prices for oil, natural gas and gasoline, inflation is on the verge of abruptly springing upward. …Economists say that when the economy falls, there are two possible ways for it to hit bottom. Either it will hit bottom with "a soft landing" or it will hit bottom with a "hard landing". Either type of "landing" will bring financial hardship to the lives of many Americans."

Compare my prediction of upcoming financial hardship for many Americans to what was written in a CNN.com article posted three weeks later on April 4, 2005. The article was titled, "Gas prices a 'hardship' for majority in U.S.": http://www.cnn.com/2005/US/04/04/gas.poll/index.html

"(CNN) -- Gas prices are causing financial hardship for a majority of Americans, according to a poll released Monday."

"Fifteen percent of respondents said the current gas price…is causing them 'serious hardship' that jeopardizes their standard of living, while 43 percent described 'moderate hardship', the CNN/USA Today/Gallup poll said."

In "U.S. Economy Headed For A Fall"," I also predicted:

"Those of us who are not independently wealthy soon will have to shoulder the burden of an economy in decline…. I see America's standard of living falling lower…."

On April 11, 2005 during the CNN news program, Lou Dobbs Tonight, viewers were asked to cast their votes in response to the following question: http://transcripts.cnn.com/TRANSCRIPTS/0504/11.1dt.01.html

"What phrase best describes the change in your standard of living over the past year -- improving, worsening, or the same? "

The results of the vote were announced at the end of the show:

"84 percent of you say the standard of living is worsening when we asked you; 12 percent of you say it's the same. Only 4 percent of you say it's improving."

Increasing financial hardship and the worsening standard of living are newly developing problems, but they also are symptoms of more serious trouble ahead. The increasing worldwide demand for oil seems to be at the source of this trouble, which now is posing a threat, as a perceived by some, to U.S. national security.

Frank Gaffney, President of the Center for Security Policy in Washington, D.C., while appearing on CNN's Lou Dobbs Tonight (April 11, 2005), was asked the following questions by news anchor Kitty Pilgrim: http://transcripts.cnn.com/TRANSCRIPTS/0504/11/1dt.01.html

"Our demand for oil, still rising. We consume more than 20 million barrels of oil a day. Some 60 percent of that oil comes from other countries. Well, some Americans are now concerned about our dependence on foreign oil and what that means for our national security."

"So much of our oil is dependent on areas where terrorism is a problem. I refer you to a Goldman Sachs report that says that if a disruption in oil happens it could spike to $105 a barrel."

"Do you think that is a credible scenario?"

"And how vulnerable are we to that kind of thing?"

Gaffney replied:

"…that's part of this perfect storm…that is giving rise to conditions, both with respect to supply and demand, that are going to create a national security crisis for this country. If it isn't already upon us, it will be probably shortly."

"Much of our oil is coming from places that are at best unstable, and at worst actually hate us. The prospects of one of those other suppliers being unwilling to supply us or perhaps terrorists taking down the infrastructure makes that Goldman Sachs scenario, I think, entirely credible."

Regardless of possible terrorist threats to oil production or the potential impact of political tensions between the U.S. and oil producing countries, geologist Kenneth S. Deffeyes predicts we are fast approaching a worldwide oil shortage anyway. As worldwide demand for oil continues to climb to new highs, Deffeyes says worldwide oil production soon will peak, after which production will drop off into a permanent decline.

Kenneth S. Deffeyes is a professor emeritus of geology at Princeton University. In his article, "What Happens When the Oil Runs Out" (The New York Times, Op-Ed Section, March 25, 2005), he wrote:

"In 1997 and 1998, a few petroleum geologists began examining world oil production using the methods that M. King Hubbert used in predicting in 1956 that the United States oil production would peak during the 1970s.

These geologists indicated that world oil output would reach its apex in this decade -- some 30 to 40 years after the peak in American oil production. Almost no one paid attention"

"I used to work with Mr. Hubbert at Shell Oil, and my own independent research places the peak of world oil production late this year or in early 2006."

"A permanent drop in world oil production will have serious consequences."

With the addition of Deffeyes' research findings to other information I have written about 2006, the year 2006 appears to take on an even more somber tone as a pivotal year of great importance for the planet earth and all of humanity. In "Nuclear War: A Futurist's View, The Bible Code, Mayan Prophecy and My Vision of World War III," I quoted two other references pointing to the potential for serious danger in 2006.

Author and former Washington Post and Wall Street Journal reporter, Michael Drosnin, said in his book, Bible Code II: The Countdown (published in 2002),

"The dangers will peak in the Hebrew year 5766 (2006 in the modern calendar), the year that is most clearly encoded with both 'World War' and 'Atomic Holocaust'."

And Carlos Barrios, a priest of the Mayan people, in a presentation he gave on October 14, 2004, said,

"And now the [Mayan] Elders say the year 2006 is very dangerous, and that it is going to happen in the period of March to November when humanity can come in a big war, in a destruction…in a very…I can say the freak energy, because we can destroy ourselves."
(Carlos Barrios from his presentation at The Prophets Sedona Conference, The Great Rethinking, Sedona, AZ, October 14, 2004.)

The threat of a world war, of an atomic holocaust so widespread and devastating that humanity virtually could destroy itself, is so horrible and repulsive that we automatically want to avoid thinking about it and just go on with our normal lives and loves.

Yet the possibility of this destruction actually happening becomes more realistic with every passing day. Carlos Barrios has told me, "The Elders have said that between 66% and 75% of humanity will be destroyed." This Mayan prophecy may not be well known to us "westerners", but it is not meant to be some esoteric, closely held Native American secret either. Quite to the contrary, the Mayan Elders want their prophecies to be heard by all, and they do not understand why so few are listening. Perhaps it is the gap between our cultures.

Carlos says that to stop the destruction "we need to change our hearts. …Take action and create action because that is the work we need to do… We don't have time. We need to change and create the balance."

Copyright 2005 by William L. Tenuto