The Economic Crisis
The Largest Bankruptcy in History.
When historians look back on what is being called the Great Recession, Sept. 15, 2008 will be a key date in a time line of tragic events that, one by one, fundamentally changed the US and global economy.That was the day the fourth-largest investment bank in the US, Lehman Brothers, filed the largest bankruptcy in history. To neutralize the crisis on the US money market, more than USD 3 billion was created and “injected” into the market each week.
When historians look back on what is being called the Great Recession, Sept. 15, 2008 will be a key date in a time line of tragic events that, one by one, fundamentally changed the US and global economy.That was the day the fourth-largest investment bank in the US, Lehman Brothers, filed the largest bankruptcy in history. To neutralize the crisis on the US money market, more than USD 3 billion was created and “injected” into the market each week.
Most experts agree about the inevitable consequence: inflation
April 2009
“I am 100 percent sure that the US will go into hyperinflation. The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and inflation will start to accelerate.”
November 2009
“Dubai was just the tip of the iceberg. The ultimate result of the financial crisis will be not just bankrupt banks, but more bankrupt governments.”
“Dubai was just the tip of the iceberg. The ultimate result of the financial crisis will be not just bankrupt banks, but more bankrupt governments.”
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| Marc Faber – Economist and investment guru |
Gold: “We will not see less than the $ 1,000 level again, Central banks are all the same. They are printers.Gold is maybe cheaper today than in 2001, given the interest rates. You have to own physical gold.” Marc Faber suspects gold will be closer to the $ 4,000 mark in the near future.
Are you on the right track?
If you could, would you take advantage of the opportunity to make yourself independent from inflation risk?
If you could, would you take advantage of the opportunity to make yourself independent from inflation risk?
Experts recommend that 5 to 20% of every person’s assets should be secured in gold.
Experts recommend gold!
Experts recommend gold!
Gold is not only stable in value.
During the last 10 years gold has tripled in value and experts estimate that it will at least double during the next 10 years.
During the last 10 years gold has tripled in value and experts estimate that it will at least double during the next 10 years.
The true value of gold is shown in times of crisis:
1900-Spanish -American war, 1910-US federal Reserve (Central bank) founded, 1920-World war 1, 1930-Stock market crash -Depression, 1940-World war 2, 1950-Korean war, 1960-Vietnam war,1970-End of gold standard ,1980-Stagflation, 1990-Gulf war , 2000-War on terror
1900-Spanish -American war, 1910-US federal Reserve (Central bank) founded, 1920-World war 1, 1930-Stock market crash -Depression, 1940-World war 2, 1950-Korean war, 1960-Vietnam war,1970-End of gold standard ,1980-Stagflation, 1990-Gulf war , 2000-War on terror
1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000
Over the last 100 years, the US Dollar has lost 90% of its value.
"Zimbabwe removes 12 zeros from currency
The move means that 1 trillion in Zimbabwe dollars now will be equivalent to one Zimbabwe dollar.The old notes -- with the highest being 100 trillion dollars -- not enough to buy a loaf of bread --will remain valid until June 30, after which they will cease to be legal tender. One U.S. dollar is trading above 300 trillion Zimbabwe dollars."
Is Zimbabwe perhaps a foretaste of what's busy impacting the Global economy?
"We are in the worst financial crisis since Depression, says IMF..." guardian.co.uk
"Mervyn King: “World’s Worst Financial Crisis Ever..." prisonplanet.com
"Worst Crisis Since '30s, With No End Yet in Sigh..." the wall street journal
"We are in the worst financial crisis since Depression, says IMF..." guardian.co.uk
"Mervyn King: “World’s Worst Financial Crisis Ever..." prisonplanet.com
"Worst Crisis Since '30s, With No End Yet in Sigh..." the wall street journal
Was the last economic meltdown the beginning...?
"The Great Depression...
Simply put, it remains the worst economic crisis to hit the world, several times worse than the recent economic crash which we are yet to recover from. Between 1929-33, it 'created hardships in every corner of the globe, from the prairies of Canada to the teeming cities of Asia, from the industrial heartland of America to the smallest village in (British) India'. In Germany, it led to the rise of Adolf Hitler," says Liaquat Ahamed in his riveting Pulitzer Prize and Financial Times-Goldman Sachs award winning Lords of Finance - The Bankers Who Broke The World.
"The Great Depression...
Simply put, it remains the worst economic crisis to hit the world, several times worse than the recent economic crash which we are yet to recover from. Between 1929-33, it 'created hardships in every corner of the globe, from the prairies of Canada to the teeming cities of Asia, from the industrial heartland of America to the smallest village in (British) India'. In Germany, it led to the rise of Adolf Hitler," says Liaquat Ahamed in his riveting Pulitzer Prize and Financial Times-Goldman Sachs award winning Lords of Finance - The Bankers Who Broke The World.
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Mark Khan
Life Coach / Inter-Networker
Skype ID: ageofseth
Life Coach / Inter-Networker
Skype ID: ageofseth
When you make a choice, you change the future
BE in the best position
to to be financially SECURE
to to be financially SECURE
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