Tuesday, Oct 21, 2008
18 hours after the bank holiday starts, the riots begin.
321 gold: The Panic of 2008
Bob Moriarty
People who have been following this site know that I have been predicting a depression for years. It's here. Even the dolts in Washington are starting to figure it out. The credit system has ground to a halt. Commerce is on the verge of a complete breakdown. 18 hours after the bank holiday starts, the riots begin.
The United States dollar is going to default soon. We have known since late 2002 that the US was in deep trouble. Treasure Secretary Paul O'Neill revealed the United States Government had a real debt of $44 trillion and it was growing at a rate of $2-$4 trillion per year. As of last year the debt was up to $59.1 trillion.
Even before the government started throwing money around like a drunken sailor US spending was totally out of control.
crazy man
2 Comments
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1. pelethar said...
Bob Moriarty - who is he? And why should we take his views seriously?
"Treasure Secretary Paul O'Neill"? What's a Treasure Secretary? Presumably he means Treasury Secretary - which is also wrong. He WAS the Treasury Secretary until he resigned, at least six years ago from my memory.
2. planning4acrash said...
In America. They often keep titles. Its a cultural thing.