REPORT ABUSIVE REPLY
|
Message Subject
|
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
|
Poster Handle
|
RoXY |
Post Content
|
The US Economy in the Doldrums: No Evidence of Solvency or Recoveryby Bob Chapman January 7, 2012 International Forecaster Irrespective of the trillions of dollars thrown at the US economy since 2006 there is no evidence that long-term solvency or recovery has been achieved. The debt that has been added and created means we’ll see higher inflation and perhaps hyperinflation. Comments by administration officials last week that if necessary the dollar will be crushed, are hardly comforting. Remember, just a week before Fed Chairman Bernanke said to Congressmen that the Fed was not going to lend Europe money to bail their members out and one week later we have a $1 trillion swap, loan program to bail Europe out. There is no effort at all to prevent eventual insolvency; as a matter of fact we believe that if Europe’s problems were not on the front burner the dollar would be selling at lower levels, a reflection of solvency issues. We should know better by the month of May how Europe stands, and if their situation is even short-term positive you can expect the dollar to head lower, not only versus the USDX but versus gold and silver as well. Continue: [link to globalresearch.ca]
|
|
Please verify you're human:
|
|
Reason for reporting:
|