Nearly every day brings new reports of the collapse of a large financial institution or the impending bankruptcy of a major company. Plans for bailouts and government intervention are in the air.
• Steep Gold Price Increases Ahead: Gold Exploration Company Chairman Foresees $2000 per ounce
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Rogers: The Elite Are Turning A Recession Into A Depression
Veteran investor Jim Rogers warns that the policies of central banks and politicians are turning what would have been a recession into a new great depression, and that Barack Obama's taxation agenda will only make the problem much worse.
As 2009 approaches and 2008 fades away, I have a few thoughts about our economy. Perhaps you can factor them into your forecasts of what lies ahead.
Texas Congressman Ron Paul has hit out at US monetary policy, warning that fear based politics are being used to promote the bailout culture in the same way they were used to sell the Iraq war.
• Bloomberg Misquotes Ron Paul Seconds After He Speaks
• Bilderberg Economist Says “Print Money ”
• Dollar’s Slump Erases Months Of Solid Gains
• White House Wants Auto Bailout by Christmas: Report