Forecast: U.S. dollar could plunge 90%

RHINEBECK, N.Y., Nov. 19 (UPI) -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.

"We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008."

"The bigger they are, the harder they'll fall," he said in an interview with New York's Hudson Valley Business Journal.

Celente -- who forecast the subprime mortgage financial crisis and the dollar's decline a year ago and gold's current rise in May -- told the newspaper the subprime mortgage meltdown was just the first "small, high-risk segment of the market" to collapse.

Derivative dealers, hedge funds, buyout firms and other market players will also unravel, he said.

Massive corporate losses, such as those recently posted by Citigroup Inc. and General Motors Corp., will also be fairly common "for some time to come," he said.

He said he would not "be surprised if giants tumble to their deaths," Celente said.

The Panic of 2008 will lead to a lower U.S. standard of living, he said.

A result will be a drop in holiday spending a year from now, followed by a permanent end of the "retail holiday frenzy" that has driven the U.S. economy since the 1940s, he said.

Source: upi.com/NewsTrack/Business

"THE AMERO" is real

Three weeks ago, I published a brief snippet on the front page of my web site reporting the governments of the US Canada and Mexico are conspiring in secret to merge the three nations into a new entity called the North American Union.

There has been much talk of this on various internet blogs for over a year. Most of those blogs have been smeared as "conspiracy theorists" and have been largely ignored by the main stream.
What prompted my interest in the issue was money: I was sent professional images of actual AMERO coins by someone in the US Treasury! The person included a note saying they like my radio show and are frightened by what's been going on in secret within our government.

This Treasury Department person was outraged that our country was beginning to coin money as part of a merger that would do away with our country, via a merger the American public knew nothing about!

When I got the professional images of the AMERO coin, I was finally intrigued enough to make mention of it on my web site. My site has gotten over 20 Million visits in the last couple years and is becoming more popular because of the brutal honesty and timely delivery of news that folks don't find elsewhere. This story about AMERO coins would fit my niche of breaking news, so I ran a snippet of a story.

Today, I received a single 20 AMERO coin in the mail. A real coin. Real metal, really MINTED by the US Mint in Denver, CO. The proof that it is being Minted in Denver is that the coin is stamped with the Mint Identity letter "D" on the bottom right of the side with the eagle just like regular US coins already in circulation today!

Source: Halturnershow.com