- Oct 14, 2005
- 9,711
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CNN: Signs of Coming Depression
CNN speaks to John Williams (www.shadowstats.com) about the economy and what to do with your money. Investing in gold to hedge against inflation is his advice. There is some discussion about a possible depression + inflation in the coming years. Bank failures and government bailouts aren't finished yet.
Jim Rogers on CNBC: ABOLISH THE FEDERAL RESERVE and Bernanke
CNBC Business recently had Jim Rogers on who blasts Bernanke and the FED. He points out that the FED "printing money" (figure of speech), is only making it worse. He also agrees that letting these investment banks to go under is better than bailing them out.
He says invest in agriculture because those commodities themselves (not the stocks) will increase in value.
If the FED and Bernanke keep this up, they will make Ron Paul look like a modern day prophet. But alas, no one listened
Go to this site and check the years 2000-2008 and you will see
Gold has tripled in the last 8yrs
and
Silver has nearly quadrupled
Here you see Oil has tripled as well in the same time period 2000-2008
All because of inflation or the politically correct term "weak dollar".
We are going to see worse before it gets better folks
Radical action needed to curb US economic downturn
Some points of interest
What? You mean there is a correlation to the Great Depression? I wonder where I've heard that before?
CNN speaks to John Williams (www.shadowstats.com) about the economy and what to do with your money. Investing in gold to hedge against inflation is his advice. There is some discussion about a possible depression + inflation in the coming years. Bank failures and government bailouts aren't finished yet.
Jim Rogers on CNBC: ABOLISH THE FEDERAL RESERVE and Bernanke
CNBC Business recently had Jim Rogers on who blasts Bernanke and the FED. He points out that the FED "printing money" (figure of speech), is only making it worse. He also agrees that letting these investment banks to go under is better than bailing them out.
He says invest in agriculture because those commodities themselves (not the stocks) will increase in value.
If the FED and Bernanke keep this up, they will make Ron Paul look like a modern day prophet. But alas, no one listened
Go to this site and check the years 2000-2008 and you will see
Gold has tripled in the last 8yrs
and
Silver has nearly quadrupled
Here you see Oil has tripled as well in the same time period 2000-2008
All because of inflation or the politically correct term "weak dollar".
We are going to see worse before it gets better folks
Radical action needed to curb US economic downturn
Some points of interest
STEVE KEEN: There simply has to be a ceiling at some point where the debt burden, no matter no low you drive interest rates, is so strong that people will not consider borrowing again. And when that downturn occurs, there's no engine for the Federal Reserve to re-staff.
ELEANOR HALL: So, where does that leave Ben Bernanke, the federal chairman? I mean, he's put in place the most severe series of cuts in decades, three per cent since September, what options does he now have?
STEVE KEEN: Well, I think he's going to put some of his academic experience and academic learning into action now because he's got his reputation to some extent by modelling what happened during the Great Depression and talking about potential causes.
ELEANOR HALL: You see a real parallel here with the Great Depression?
STEVE KEEN: I see a strong parallel in terms of the level of debt. The reason being that back in ... debt was really what drove the Great Depression and we're now talking about a level of debt that is 60 per cent above the worst the debt got to be during the Great Depression itself.
What? You mean there is a correlation to the Great Depression? I wonder where I've heard that before?