Tuesday, Nov 18, 2008
Is there a way out? Clear all debts maybe!
The Market Oracle: Worse than the Great Depression?
It's a minority but growing view, including from 86-year old former Goldman Sachs chairman, John Whitehead, at the November 12 Reuters Global Finance Summit in New York. As disturbing evidence mounts, he said: "I think it would be worse than the depression. We're talking about reducing the credit of the United States of America, which is the backbone of the economic system. I see nothing but large increases in the deficit, all of which are serving to decrease the credit standing of America.
Posted by v stor @ 07:45 PM (323 views) Add Comment
1 Comment
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1. planning4acrash said...
For real lowdown on the depression, check this out, Gerald Celente on Alex Jones Show, he says that a technological solution, like, a new energy source, could pull us out of it, but, that may delay the move to sound currency: