Peter Schiff : Economic Predictions UK: Manufacturing slumps at fastest pace since 1981: The Office for National Statistics said on Friday manufacturing output was 7.4 percent lower than a year earlier, its biggest fall since June 1981 when Britain was in the throes of an industrial meltdown that decimated its car industry and coal mines. US loses most jobs since 1945: The US economy lost more than half a million jobs in December for the second month running, new figures showed on Friday, making 2008 the worst year for job losses since 1945. Panic could herald dollar rout: There is growing evidence that Washington is in a state of increasing panic. Despite its massive cash injections, market manipulations and "rescue" plans, the recession is clearly deepening and spreading.
The Coming Collapse In The Value Of The The US Dollar
Video Interview
Barack Obama's policies will unleash a greater economic crisis than the world is now facing, believes US financial forecaster, Peter Schiff. Continue
Sunday, 11 January 2009
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