posted on Nov, 25 2009 @ 09:41 PM
Red Alert: The Second Wave of The Financial Tsunami
by Matthias Chang
The Wave Is gathering force & could hit between the first & second quarter of 2010
The US economy will be spiraling out of control in the coming months and will reach critical point by the end of the 1st quarter 2010 and implode by
the 2nd quarter.
The policy-makers of these countries faced with the total collapse of the international financial architecture have concluded that the solution, the
only solution is quantitative easing (i.e. massive injection of liquidity) to salvage the “too big to fail” banks and reflate their depressed
economies. This is best reflected in Bernanke’s candid remark that, “the US government has a technology, called the printing press (or today, its
electronic equivalent), that allows it to produce as many US dollars as it wishes at essentially no cost”.
Read whole story here:
Gerald Celente said we would be buying canned goods as Christmas presents this year. Maybe that what we should do if first quarter of 2010 is going to
be that bad.