Britannia Radio

This Week's Most-Read Stories Analyst: U.S. 'Practically Owned' by China so Buy Gold The Chinese economy is poised to surpass the U.S. economy later this century, and that makes gold a much wiser investment than the dollar . . . get the full story, click here. Hussman: Current Market Is a Ponzi Scheme "To some extent, I view current market conditions as something of a 'Ponzi game' in that valuations appear neither sustainable nor likely to produce acceptably high long-term returns,” the money manager said . . . get the full story, click here. Special Offers: Frazier: Stocks Rolling Over. Get Out Now. Senator Predicts Financial 'Meltdown,' Dick Morris Says Prepare Meredith Whitney: States May Be Next Credit Crisis Banking analyst Meredith Whitney says states' fiscal problems pose a systemic risk. “I think the crisis in the states will result in at least the third attempt at a trillion-dollar bailout” . . . get the full story, click here. Former China Adviser: US Dollar Is 'One Step Nearer' to Crisis Any appreciation of the dollar is “really temporary” and a devaluation of the currency is inevitable as U.S. debt rises, said Yu Yongding, a former adviser to China’s central bank . . . get the full story, click here. Economist: Second Recession Will Be Declared Soon “To most Americans, it is not at all clear that the economy is in an expansion at all . . . a review of that data suggests that the NBER may have to deal with the prospect of a ‘future downturn of the economy’ much sooner than any of us would like,” notes economist John Hussman . . . get the full story, click here.