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Financial Experts: August 1st Economic Collapse; Economic Death Spiral
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AmericanJedi |
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[ 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. Quoting: AmericanJedi What signs do you see around Tulsa? Quoting: Anonymous Coward 1403018 American Airlines is laying off hundreds of people. Our infrastructure projects are only half completed and the city is running out of money to complete them. Even the local community college is in trouble.
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