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The Collapse of ’09 will follow the Panic of ’08, says Gerald Celente, founder and director of The Trends Research Institute, on The Lew Rockwell Show. This is one of the direst forecasts that I have run across. Calente calls the current mess “a global meltdown, a global economic crisis.” He says the Obama administration
In a speech before the House of Representatives, Congressman Ron Paul, a long time student of Austrian economics, predicted not only a dollar crisis but a worsening economic crisis. He fears that our recession will, because of Fed action, turn into a depression, a view that is most interesting. The common perception is that the
Many economic/political observers ridicule the suggestion that the massive printing of Federal Reserve Notes (a.k.a. US dollars) could result in hyperinflation. They have long viewed the hyperinflation that ravaged Germany 1919 – 1923 to have been an anomaly. They become outraged at the suggestion that hyperinflation could happen in the United States. Those Germans were
