3/1/08 CNN Your Money
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Get ready for the price of gold to soar after this type of story in mainstream! John Williams discusses a coming financial depression. Many financial experts outside of mainstream has spoken about an economic collapse for years; such as Bob Chapman from http://theinternationalforecaster.com/
“Being ahead of the masses in your observations of economic trends is no way to win a popularity contest. If you’re 30 days ahead of the masses, you’re considered a genius; but if you’re two years ahead, you’re considered insane. It makes me wonder about the experiences of historical geniuses like Nikola Tesla, since they were at least a hundred years ahead in their understanding of science.” -Mike Adams
Please explore these articles:
FDIC Girds For Bank Failures & The FDIC Will Seek to Rehire 25 of It’s Own Retired Members, Many of Whom Specialized in Bank Closings.
http://www.thestreet.com/print/story/…
http://www.investmentnews.com/apps/pb…Wall Street Bank Run
http://www.washingtonpost.com/wp-dyn/…US Properties Plunge Into Negative Equity Than At Any Time Since The Great Depression Of The 30’s http://www.guardian.co.uk/business/20…
U.S. Credit Markets Collapsing!
http://hosted.ap.org/dynamic/stories/…America’s Economy Risks the Mother of All Meltdowns
http://news.yahoo.com/s/ft/20080219/b…U.S. Mortgage Crisis Spreads Past Subprime Loans!
http://www.iht.com/articles/2008/02/1…Dozens of U.S. Banks Will Fail by 2010
http://www.canada.com/ottawacitizen/n…Wealthy Investor Jim Rogers Warns About Economy, ‘It’s Going To Be Much Worse’
http://money.cnn.com/2008/01/30/news/…Crisis may make 1929 look a ‘walk in the park’
http://www.telegraph.co.uk/money/main…World Economic Situation Serious – IMF
http://news.smh.com.au/world-economic…Full global impact phase of the Very Great US Depression
http://www.leap2020.eu/GEAB-N-21-is-a…“If a nation values anything more than freedom, it will lose its freedom; and the irony of it is that if it is comfort or money that it values more, it will lose that too.” -Somerset Maugham
I certainly believe it. We already have people not trusting the economy — sometimes what we believe about the economy becomes the economy. So it’s turning into a lose-lose situation already.