DOW 9000. Gold $2000 an once? or Illegal to Hold?
I think we are entering a new era. Most Americans have no idea what is going on and how this will play out. I think it is extremely important that you take the time to prepare, for what is coming in the future. The cracks in the Empire are showing and you need to make a plans in that reguard. Englands loss of the reserve currency is the most likely similiarity to what are future holds. Commanding Heights from PBS, available on line for free to watch, has a good review of this film.
Videos worth your time:
Bill Moyers sits down with former Nixon White House strategist and political and economic critic Kevin Phillips, whose latest book BAD MONEY: RECKLESS FINANCE, FAILED POLITICS, AND THE GLOBAL CRISIS OF AMERICAN CAPITALISM explores the role that the crumbling financial sector played in the now-fragile American economy.
Quote from Kevin Philips on 19 Sep 08:
"Alan Greenspan has finally decided to admit, you know, this may be one of those once-a-century biggies. Well, what makes it fascinating is that I sometimes use the description "seven sharks." There are seven sharks in the tank with the economy.
"And the first is financialization because we're so dependent on this industry that's sort of half lost its marbles.
The second is that you have this huge buildup of debt, absolutely unprecedented anywhere in the world.
The third is you've now got home prices collapsing.
The fourth is you've got global commodity inflation building up.
The fifth is you've got flawed and deceptive government economics statistics.
The sixth is that you've got what they call peak oil where the world is, to some extent, running out of oil. So it's not just commodity inflation, it's a shortage of oil.
And then the last thing is the collapsing dollar. Now, whenever you get this sort of package in one decade, you got a big one. And when Greenspan says it's a once a century, I think it's another variation but on a par with the Thirties."
The video is here:
Tehran News? Seriously, take a look at what they are watching. Do you think this is more candid and accurate then what the US corperate media is stating:
Hank Paulson Has Become Col. Kurtz
Ron Paul On the Banker Bailout
US heading for Depression?
Reshaping Wall Street - P5
Peter Schiff & Steven Keen on Dateline - Part 1/2
Peter Schiff & Steven Keen on Dateline - Part 2/2