Thursday, September 18, 2008
Are we in for another Depression?
Some of us would probably vaguely remember our history teachers mention the 1929 economic slump, The Great Depression. Lately we have been hearing about the goverment takeover of Fannie Mae and Freddie Mac, Bank of America taking over Merill Lynch, bankruptcy of Lehman Brothers and the approx 62% plunge in AIG's share price. Investors are in panic and reacting by pulling out their investments. AIA had more than 2000 of their policies terminated. How much more is the market gonna fall and how many more financial giants are going to join the line? Are we heading for another Great Depression? Some banks are advising their investors to stay disciplined and avoid following the herd. Its no fun looking at my investments dipping and my heart sinking together with them. Lets wait & see wat happens!
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I'm signed up for cryonics. I also follow Larouche's work and yes-- this is a worldwide financial collapse and an economic collapse.
There are 6.5 billion people. The US dollar is still the main reserve currency but with the bailing out of Fannie/freddie, if allowed to continue-- will destroy the US and the world.
Follow me following larouche's forecasts here-->[+]
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