[jrsmc]

Dems and MSM are cranking up the doom & gloom.

[econjack]

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.

Is there anyone out there who'd like to put money on these numbers? If so, let me know.

[FormerACLUmember]

Get used to a solid year of these utterly fake VOTE FOR HILLARY OR WERE ALL GONNA DIE “news reports.”

[nmh]

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

Yup ... complete with the weasel words

COULD, MAYBE, SHOULD ... .

YAAAAWWWWNNN

[RoadKingSE]

No more Brie for the Big Mac.

[The Spirit Of Allegiance]

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.”

---

I think that second line is the actual title of the song. DCTalk did a remake of it a few years ago.

[toddlintown]

We’re all gonna die!

[goodnesswins]

They’ll miss us when we’re gone.....who’ll protect them? Who’ll feed them? Who’ll give them medicine? sheesh....idiots.

[FormerACLUmember]

This is the start of a predictable long propaganda campaign by the democrat/Clinton controlled media of "OH MY GOD, we are all doomed. We need Hillary!"

[SampleMan]

If the dollar drops 90% in value, Gold would go to more like $8,000 an ounce. I guess that sounded too over the top for the article.

[HereInTheHeartland]

“Trends Research Institute Director Gerald Celente said, forecasting a “Panic of 2008.”

Would it be cynical to ask what he is selling?

[paudio]

I never believed in any ‘trend researcher’ or ‘futurist’, especially if they simply extrapolate current situation without looking or arguing at the mechanism of which the trend occur.

[PugetSoundSoldier]

Consider that if you adjusted gold for inflation, you’d have to push past $2500 per ounce to equal the high price from 1980. Gold is only worth 1/3rd what it was in 1980.

Houses? The median house in 1980 was $76,000. The median house is now at $230,000, roughly tracking with the growth in median income in the US.

Gold has depreciated as an asset steadily over the last 25 years, and this little blip isn’t gonna be a correction. Property, and most other wealth vehicles (stocks, bonds) have appreciated at least with the rate of inflation, and most considerably beyond inflation.

Gold is pretty, looks good on a finger or around the neck, but as an investment vehicle it’s a long-term bust. A lot worse than property, or stocks, or even bonds.

[Diana in Wisconsin]

Well, if that ever actually happens and Gold hits $2K an ounce, I’m wealthier than my wildest dreams. Bring it on! :)

[RightWhale]

Why 90%? Why not 99%?

[familyop]

I doubt that there will be any “free fall.” The transition to equalizing the dollar with trade partner currencies is being managed in order to make it gradual. Even the oil magnates are seeing to it. Everyone has a stake in the gradual (not sudden) fall of the dollar.

[garyhope]

This is what the market thinks of some of Mr. Celente’s past books:

Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century (Paperback)
by Gerald Celente (Author)

Availability: Available from these sellers.

76 used & new available from $0.01

Maybe he’ll get lucky and get 2 cents for one of his books.

[stevem]

Just from curiosity: How much has it already plunged from, say, 1960?

[Gorzaloon]

Read the comments on this Article’s site, and observe the maggots swarming in the garbage pail.

[the invisib1e hand]

"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."

Yes, just like we have for the past 20 years.

[WilliamofCarmichael]

"[S]ince the deregulation of currencies and financial markets in the 1980s and 1990s, currency strength has conveyed almost no information about the health of a national economy – and none at all about a country’s competitive position in global trade. For example, anyone who believes that the falling dollar reflects America’s huge trade deficit and foreign borrowing should consider that the one leading currency even weaker in the past three years than the dollar has been the yen; yet Japan has the world’s biggest trade surplus and is the greatest creditor nation the world has ever seen."

[My emphasis]

Go figure.

More..

"To the extent that any relationship has existed between currencies and economic performance, it has usually been the 'wrong' way round – rising currencies usually preceded periods of economic decline, while weakening currencies have presaged economic strength. Think, for example, of the collapse of sterling in 1992, which ushered in the strongest and longest period of economic expansion in British history . . . America, despite all its problems, will continue to dominate the world economy in the decades ahead."

Makes sense to me; besides we've been through a lot and survived. It's time the younger people learn what it's like. Not to worry.