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11-24-2007, 11:43 AM #1 | Top evince's Avatar evince evince is online now
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Default The coming economy
http://www.upi.com/NewsTrack/Busines...ge_90_pct/4876
It does not bode well.
Forecast: U.S. dollar could plunge 90 pct
Published: Nov. 19, 2007 at 2:16 PM
RHINEBECK, N.Y., Nov. 19 (UPI) -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.
"We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008."
"The bigger they are, the harder they'll fall," he said in an interview with New York's Hudson Valley Business Journal.
Celente -- who forecast the subprime mortgage financial crisis and the dollar's decline a year ago and gold's current rise in May -- told the newspaper the subprime mortgage meltdown was just the first "small, high-risk segment of the market" to collapse.
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11-24-2007, 11:43 AM #1 | Top evince's Avatar evince evince is online now
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Default The coming economy
http://www.upi.com/NewsTrack/Busines...ge_90_pct/4876
It does not bode well.
Forecast: U.S. dollar could plunge 90 pct
Published: Nov. 19, 2007 at 2:16 PM
RHINEBECK, N.Y., Nov. 19 (UPI) -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.
"We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008."
"The bigger they are, the harder they'll fall," he said in an interview with New York's Hudson Valley Business Journal.
Celente -- who forecast the subprime mortgage financial crisis and the dollar's decline a year ago and gold's current rise in May -- told the newspaper the subprime mortgage meltdown was just the first "small, high-risk segment of the market" to collapse.