The worlds top forecasters all believe 2010 is going to be a bad year, worse then the collapse of 2008 (and yes it was a collapse, if the US government didn’t pump $500 Billion into the economy it would have collapsed in ‘08) and much worse then the great depression.

Bob Chapman
First 6 months of 2010, Americans will continue to live in the ‘unreality’…the period between July and October is when the financial fireworks will begin.

Gerald Celente
Terrorist attacks and the “Crash of 2010″. 40% devaluation at first = the greatest depression, worse than the Great Depression.

Igor Panarin
Forecast the probable disintegration of the USA into six parts in 2010 (at the end of June – start of July 2010, as he specified on 10 December 2000

Neithercorps
Have projected that the third and final stage of the economic collapse will begin sometime in 2010. Barring some kind of financial miracle, or the complete dissolution of the Federal Reserve

There is Much more to be read here

All these forecast are mainly based on the US and UK which will of course effect the rest of the world.

I’m Australian and a lot of  people say so what, how will it affect us ? so lets look at why this would effect us, its pretty easy just follow the chain of events.

The Largest countries in world which purchase consumer products is the US, UK and Europe. These 3 countries are all currently in dire straights and these big 3 are all predicted to fall by the end of the year (2010). Once the Economy falls people can’t afford consumer goods, people will only be purchasing the bare necessities to survive.

Where does all the consumer good come from? manufacturing countries like China & Japan mostly but also Twain, Indonesia, India  etc. So if the big 3 can’t afford to buy products then manufacturing countries have nothing to produce and millions will lose their jobs and thousands of manufacture’s will close their doors.

Where do the manufacturing companies get the raw materials from to make there products?…. Australia!

Raw materials are big business here in Australia: mining, wool, meat etc. The manufacturing companies will no longer require our Raw materials which would crush the Australian economy.

Every Country is intertwined like its more like a network of Companies then countries our whole world is ran like a giant business and that’s a big problem.