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The industrial situation of the United States is absolutely sound, and our credit situation is in no way critical…The interest given by all the public to brokers’ loans is always exaggerated…The markets generally are now in a healthy condition. The last six weeks have done an immense amount of good by shaking down prices…I know of nothing wrong with the stock market or with the underlying business and credit structure. – Charles Mitchell, Chairman of National City Bank of New York, 2 days before the stock market crash on October 22, 1929.
4 US depository banks are now issuing a “New Currency” to select group of Americans.Backed by real assets around the globe, this unique investment has generated gains as high as 750% over the last 18 months, while stocks have plummeted.
We believe a small investment in “America’s New Currency” right now, could triple your wealth in 2008.
Brian Hunt, Editor in Chief, DailyWealth
Iceland now has the highest interest rates in Europe after the central bank on Thursday raised rates by 0.5 per cent to a record 15.5 per cent as it struggles to restore confidence in its struggling currency and stave off a banking crisis.
Originally posted by LLoyd45
I'm not certain, but this is probably the source Musselwhite is citing:
Can America's 'New Currency' Save Your Retirement?
Standard & Poor’s cut its outlook for Iceland to “negative” from “stable” yesterday, as the rating agency said that the North Atlantic nation had failed to address its economic imbalances and was facing the growing risk of a hard landing.
However, the country is struggling to rein in growth and is suffering from inflation at 5.2 per cent, interest rates at a record 13.75 per cent and a current account deficit that reached 51 billion kronur (£416 million) in the second quarter, equivalent to around 17 per cent of GDP.
Most of these booming European countries have spent more during the boom and not saved (apart from Ireland).