Forecast: U.S. dollar could plunge 90 pct

[Murf_The_Surf]

As Ron Paul has been pointing out, these are the results of an unbacked dollar debauched by a Federal Reserve central bank and runaway government spending:

http://www.upi.com/NewsTrack/Busines...e_90_pct/4876/


Forecast: U.S. dollar could plunge 90 pct

Published: Nov. 19, 2007 at 2:16 PM
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."

"The bigger they are, the harder they'll fall," he said in an interview with New York's Hudson Valley Business Journal.

Celente -- who forecast the subprime mortgage financial crisis and the dollar's decline a year ago and gold's current rise in May -- told the newspaper the subprime mortgage meltdown was just the first "small, high-risk segment of the market" to collapse.

Derivative dealers, hedge funds, buyout firms and other market players will also unravel, he said.

Massive corporate losses, such as those recently posted by Citigroup Inc. and General Motors Corp., will also be fairly common "for some time to come," he said.

He said he would not "be surprised if giants tumble to their deaths," Celente said.

The Panic of 2008 will lead to a lower U.S. standard of living, he said.

A result will be a drop in holiday spending a year from now, followed by a permanent end of the "retail holiday frenzy" that has driven the U.S. economy since the 1940s, he said.


© 2007 United Press International. All Rights Reserved.

[Montanya]

Man, pretty soon the Chuck-e-cheese coins will have a higher value than the US Dollar.

[LorDiego01]

Man, pretty soon the Chuck-e-cheese coins will have a higher value than the US Dollar.

Now THAT's funny!

It is sad though, that the cost to manufacture a penny is a lot more than what the penny is actually worth.

I too believe we are headed for turbulent times. Nothing much you can do but be prepared. And if the sheep elect Hillary or Gulianni or any other of these criminal chumps, then we'll see the fall a LOT faster than we normally would.

[PisnNapalm]

http://www.zeitgeistmovie.com/

I'll let the movie expain for me.... Give the whole thing a watch. There's a large section of it about the central banking system.

[Agent Smith]

Ya know, it just hit me. Do you guys think that the fed is pumping out more money so they can deliberately make the dollar worthless and as a result, we wont have any choice but to accept the Amero?

[Kendrickson]

Ya know, it just hit me. Do you guys think that the fed is pumping out more money so they can deliberately make the dollar worthless and as a result, we wont have any choice but to accept the Amero?

It sure makes you wonder, doesn't it?

[Agent Smith]

It sure makes you wonder, doesn't it?

It sure does.

[DaveM55]

Ya know, it just hit me. Do you guys think that the fed is pumping out more money so they can deliberately make the dollar worthless and as a result, we wont have any choice but to accept the Amero?

The devaluation of the dollar isn't happening by mistake. Se habla espanol?

[ReefBlue]

The Amero? Are you serious?

:tinfoilhat:

This is all being done for the Amero. It isn't because we have a President that doesn't understand what it is to not spend money. It isn't because everyone and their mother were given mortgages that they knew in 5 years they wouldn't be able to afford causing massive foreclosures and now thousands of houses no one will buy, so banks are left holding the bill. It isn't that everyone racks up huge credit card debt buying $5,000 television sets. No, it couldn't possibly be those things.

There is zero reasonable evidence of the Amero coin, none, zero. Even a quick amount of research shows the Amero was made by a place that makes fake coins and made it as a goof.

[fultonCoShooter]

i wouldnt doubt it one bit

its happened to other countries