Posted on 11/25/2007 1:48:04 PM PST by jrsmc
RHINEBECK, N.Y., Nov. 19 (UPI) -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.
"We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008."
Forecast: U.S. dollar could plunge 90 pct
(Excerpt) Read more at upi.com ...
and monkeys could do the flight thing out of my rear.
... which is now a liability for the lender. It needs someone to occupy the house; to maintain the house; otherwise its value will quickly plummet. In the market crash in Houston in the 80's, Condo's couldn't be sold for $10,000.
Sort of like my wife when I took her credit card away. This thread is tame to that : )
It’ll become dollar candy. :-)
Like I said.
His comments came as the euro surged to a record high against the dollar. The currency touched $1.4731 today, a 65 percent gain since the end of 2001."
Which would be almost a 40% loss for the dollar.
... which is now a liability for the lender. It needs someone to occupy the house; to maintain the house; otherwise its value will quickly plummet. In the market crash in Houston in the 80's, Condo's couldn't be sold for $10,000.
I arbitrarily chose $200,000 as the sane market value for that "$400,000 house".
See Post 103.
Condos are a special circumstance as a condo owner cannot maintain a condo himself but must depend on the condo management and condos are a never-ending money drain.
Single family homes in decent neighborhoods will sell like hotcakes once sane prices, as defined in my Post 103, return.
Or just give it to me since it’s worthless anyway.
Boy, looking at your tagline and posts...I see you’re a real proud American.
/sarc
Could you calculate gold for the same time frame?
Hey, ol' buddy! I was just getting ready to mail your Christmas Card. (That's the ticket.) I can't find your address, anywhere!
Ya wanna refresh my memory? (Snicker)
What do you think of Americans who routinely invest in foreign companies and invest in their currency?
I’m OK with that, it was more his tagline that threw me.
I seen that too. But the poster could be completely honest. Who wants to lose his money or worth?
You can eat the expired gang members and marauders also .
Great book by the way.
The German economy is powering the EU; a majority of the EU economies are tailgating on Germany. If Germany starts slowing down, the first thing they’ll do is look to unshackle the other countries so they can keep themselves powering forward.
It’s economic - and national - suicide to keep funding other countries while you crash and burn.
I think we’ll see a fair amount of investment, but more in terms of purchase of products, not companies. Historically foreign investment into the US doesn’t pay off - look at the last large buyout when Mercedes Benz merged with Chrysler. They lost their shirts - they don’t understand US production.
I think you’ll see investments in stocks and bonds, but not many outright acquisitions of companies.
... in the opposite direction.
Time to buy dollars. The MSM is predicting gloom and doom at an incredible rate, so it must be near bottom.
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