[jrsmc]

Dems and MSM are cranking up the doom & gloom.

[stylin19a]

hey..let’s go back to the gold standard....

[Brilliant]

If the dollar goes down 90%, then the euro goes up 900%. Somehow, I don’t think that is going to happen, but if it does it will be very “interesting,” primarily for the Europeans.

[sageb1]

“Dems and MSM are cranking up the doom & gloom.”

They do keep trying, don’t they?

[Petronski]

UPI goes to the wire on the quote of a goldbug?

Good grief.

[Bernard]

At last! Something more TERRIBLE AND CERTAIN than global warming!!

[crghill]

Has everyone forgotten that mortgages are secured by hard assets

[stephenjohnbanker]

BULL

[kc8ukw]

I believe these are past predictions by the same guy: http://www.elon.edu/predictions/gerald_celente.aspx

[Ironclad]

Quite unlikely. To every action is an equal and opposite reaction The export and domestic investment boom from anything like that kind of a decline would prop up the dollar. Because we need the foreign dollars to support the national debt, interest rates and taxes would have to go sky high, and the average Joe would inevitably be poorer. Same thing happened when Carter was president. Could happen again.

[Billthedrill]

Yep - Iraq has failed as an issue so they're cranking up "it's the economy, stupid" again. It worked in 1992.

[epluribus_2]

...unless you have the courage to bring “Bill” back into the white house. (angel choir...)

[gondramB]

I am actually concerned about the dollar. Its down 50% more than negating our gains in everything else.

But another 90% ?!

I looked up Gerald Celente and found he was all doom and gloom in 2000 but failed to predict the decline of the dollar. Also he uses phrases like “Empire America”

Its just possible he has mixed motives.

http://transcripts.cnn.com/TRANSCRIPTS/0012/31/sm.11.html

[mkjessup]

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.

[Petronski]

[jimtorr]

"We are going to see economic times the likes of which no living person has seen,".......

Well, that's a given, at least, unless there are people from the future among us.

[Gone_Postal]

damn..... what ever happened to penny candy

[USFRIENDINVICTORIA]

It seems that two universes co-exist in some weird quantum mishmash.

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.

[Gone_Postal]

just in time for Billary to come up with a spending plan to save us all

[Bailee]

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.

[Chode]