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 ...
The dollar will be just fine, and don’t worry about gold, the U.S. economy is backed up by another precious metal known as plutonium, stored safely and securely on ICBMs, SLBMs and cruise missles, not to mention B-1, B-2 and B-52 inventories.
I’m not worried.
Well, that's a given, at least, unless there are people from the future among us.
damn..... what ever happened to penny candy
Liberals, anti-victory moonbats, goldbugs, anti-American generalists, Islamofascists, and their fellow-travellers (sorry for so much redundancy) live in the universe where:
* the U.S. is an evil, all-powerful militarist empire;
* the U.S. cannot win any wars (doublethink is standard in this universe);
* the U.S. economy is too voracious, and needs to be reined-in by controls on CO2 emissions — or any other necessary means;
* the U.S. economy is not only weak, it’s rotten to the core, and about to collapse;
* the world is too dependent on U.S. trade — globalization is an evil force;
* the U.S. economy could completely collapse, and that would have no effect on the economy of Europe — whose currency would rise by an order-of-magnitude against the greenback;
* the route to peace and prosperity is through surrender and social welfare programs.
FReepers live in the other universe.
Glenn wrote: “Hard assets with a capricious value.”
Not entirely capricious. The properties aren’t worthless simply because the mortgages are in default. Housing is typically expensive when it’s located in areas of high demand and low supply. The mortgage “crisis” isn’t necessarily going to change those fundamentals.
just in time for Billary to come up with a spending plan to save us all
It could be possible. We should have never left the gold standard but what are you going to do. Take all your money out of the bank and bury it in the ground. Its already worthless.
“Take all your money out of the bank and bury it in the ground. Its already worthless.”
Or, better yet, buy SPAM!
I’d like to go back to the 1860’s, and clean up Dodge
Celente is/was a frequent guest on “Coast to Coast” with George Noori and Art Bell.Glad he’s on top of this situation and I got all my Gold Napoleons buried in the backyard.
We should have never left the gold standard but what are you going to do. Take all your money out of the bank and bury it in the ground. Its already worthless.
Is there anyone out there who'd like to put money on these numbers? If so, let me know.
Get used to a solid year of these utterly fake VOTE FOR HILLARY OR WERE ALL GONNA DIE “news reports.”
“Dems and MSM are cranking up the doom & gloom.”
Yup ... complete with the weasel words
COULD, MAYBE, SHOULD ... .
YAAAAWWWWNNN
No more Brie for the Big Mac.
There’s an old song with the line,
“A piece of bread could buy a bag of gold,
I wish we’d all been ready.”
We’re all gonna die!
50% since when? Against what?
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