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Subject Financial Experts: August 1st Economic Collapse; Economic Death Spiral
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Original Message [link to www.newjerseynewsroom.com]


"We've got a much bigger collapse coming, and not just of the markets but of the economy," he said, according to Money Morning. "It's like what you're seeing in Europe right now, only worse."

Additionally, he said Federal Reserve Chairman Ben Bernanke's policies will ultimately result in a “Greek-style” debt crisis where the dollar plunges and consumer prices and interest rates spike. This coming crisis, according to Schiff, is inescapable due to the efforts the Fed’s made during the crash of the housing market.




We are already there. There are real signs of trouble around Tulsa and surrounding communities and Oklahoma's economy has remained relatively strong through the 2008 crash.
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