Forecast - February 2009 to Shift Commercial Valuations Down Further

Friday, December 19, 2008
By Benjamin Train
President, Online Consultancy Network


February of 2009 will be a time of woe, challenges, and hardships
for many across America and abroad. Meanwhile, the Federal Reserve
has printed trillions of U.S. dollars in South Korea, to lend; for
free, to the approved list of friends of the offshore corporation,
that postures itself as a Federal Government division, or department.

The banking industry, or Federal Government is about to announce,
due to re-assessment valuation of commercial portfolios by regulators,
that more bank failures are immanent, and that if necessary, they
will announce a banking holiday for approximately one week in some
areas of the U.S., or until asset valuations can be properly valued
by bank regulators.

What that means is that your local bank will be closed for a week in
February, and may not be allowed to re-open, depending on how many
commercial loans it has that will be down-valued after the closure of
thousands of retail stores after the Holidays, and the vacated retail
space holders, go into default.

I wrote about this phase of the economic collapse in 1991, and
republished it here in our Financial Journal in 2005. Please look up
that article in our archived articles for that year for further
information. I believe it was in May.

While the general public continues to loose their jobs and assets by
the thousands, hope will begin to turn to despair for many who are
unprepared. 1907 may a good year model to review for those studying
potential scenarios.

The commercial real estate sector valuation collapse will most likely
be felt by banks holding loans. But Cities, Counties and States will
also have to readjust their books, based on tax disclosure dates.

Tax disclosure dates of March and April will further impact local,
county and state municipalities, causing unfunded pension funds to
close, or collapse.

Fixing our economy will not take place in 2009. This coming year,
may become known and one of the worst depressions in the
history of America.

The financial crisis has now spilled over to Europe, Russia, Latin
America and Asian markets. Which is why European and U.S. central
bankers coordinated a global rate cut of epic proportions. The result
has crushed the U.S. financial system. China's sovereign wealth fund
has cut off further investment in the U.S. Foreign investors are
avoiding U.S. investments.

August will be seeing further decline in residential valuations that
will place additional pressure on all financial components, including
the residents that owe more than their homes are valued at by banking
systems and regulators.

In case you have missed it, Federal Reserve supported banks are no
longer lending money to even profitable businesses, or private banks.
They are hoarding money to buy, or take over target banks and
independent banks with assets, and credit unions.

If you, as a Citizen, do not support your local private bank and
community, you will be subject to a very unfortunate year ahead, and
into 2010-2011.

Help build your local economy, and it will support you. Take control
of your lives, and your own economy. Abandon your hopes that your
401k, Treasury bonds yeald, or government will save you, and support
your local "independent" bank, or expect it to close.

Buy food from your local farmers, and stop depending on food from
factory farms in South America, or further abroad. That food may not
be in your local store, in the future. If you do not support your
local farmers, then you may not have food to eat.

Stop pretending, that everything is going to be OK, and the
Government will save you. Stop giving your money away to buy useless
trinkets. Stop listening to peddlers. Embrace those that are close
to you, that have value and meaning in your life.

Support your family and your community. Speak up at public meetings
to keep your local city council, and state Representatives
responsible for their actions. Turn down any further taxation, or
fees without representation, or any accountability.

Wake up America. That is all I am going to say.