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Bernanke sees recession risk

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posted on Apr, 2 2008 @ 10:19 AM
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Bernanke sees recession risk


money.cnn.com

Federal Reserve Chairman Ben Bernanke, in his most pessimistic and blunt assessment to date, said Wednesday that a "recession is possible" for the U.S. economy.

Bernanke, speaking before a congressional committee, said he wasn't yet prepared to declare that the economy has fallen into a recession. Instead, he said that he believed the economy is still "slightly growing at the moment." But he added that he believed it is possible that the economy could shrink over the first half of this year.
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posted on Apr, 2 2008 @ 10:19 AM
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Closer to admitting it. When will they finally admit it for the masses to hear?

money.cnn.com
(visit the link for the full news article)



posted on Apr, 2 2008 @ 03:11 PM
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reply to post by jhill76
 


The masses already know what is happening. They are ignoring it. Some powerful and cunning people are deliberately detroying this country from the inside. Those who are plotting against this country will benefit from any chaos that occurs. If a revolution occurs the miscreants will make sure they take over whatever new government is installed. Certain charlatans are telling people to buy gold and stockpile it in their houses. Which is a stupid idea unless you have armed people who will guard your gold 24 hours a day, the government can track every purchase that is made. However you send it to yourself Ups or U.S.postal they intercept it open it count it. Once in your house people working no doubt for our government will steal it to fund the black budget. The bank runs would be stupid because regardless of whither you have the money in your hands or in a bank it is worth the same. It is just easier to steal in your hands. Buying a bunch of Euros will not help it will only profit those who are exchanging currencies. There is nothing to do but wait and see. A barter economy might be the only way to disrupt the plans of the cons rigging this depression. At the least it would give them real headaches trying to control a barter economy especially if the barter economy went global.



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