Saturday, November 24, 2007

Our Society Unravels

Forecast: US Dollar Could Plunge 90%

"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."

The only questions are how far and how fast. A lot of people are speculating that the collapse will be started by an attack on Iran but I believe it will be the other way around. We're in the financial bus plunge right now; an explosion of war in the middle east will most likely begin when it won't matter if there's a worldwide oil shock. But that's all speculation. The dollar's collapse is well under way and we're in uncharted waters.

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Anonymous nick z. said...

Thankfully, I've learned to get by without an automobile and have been riding a mountain-bike now for over a decade.

But the heating bills this winter are already soaring.

25/11/07 7:49 AM  

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