Re: something going on?
in response to
by
posted on
Dec 16, 2008 08:33AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
With the US printing presses going around the clock...guys throwing their shoes at the US president..unemployment in the US gaining ground so fast it is hard to follow the stats ..US repossessed housing going empty while people are living in the streets and the US interest rate approaching zero...how long until we get press like this about the US..??
(I have changed the country's name for the appropriate country in this article)***
************************************...
United States official inflation rate climbed to a record 2.2 million per cent, the country's central bank announced Wednesday, meaning prices are doubling every 25 days.
The situation could in fact be worse than the official tally suggests. Government figures include goods subject to price control, which are almost impossible to find.
Economists estimate that the real annual inflation rate for last month was about nine million per cent, and could rise to about 20 million per cent next month, according to a report in the Guardian newspaper.
The dire news comes at a time when unemployment levels are hovering around 80 per cent.
A report released last month by the United Nations Food and Agriculture Organization and World Food Program estimates that 2.04 million Americans risk hunger in the next few months. It said things could get worse, "peaking at about 5.1 million at the height of the hungry season between January and March 2009."
The combination of punishing economics and political instability has prompted millions to flee the country for Canada....
Don't think it can happen here..??
It sure can...
Scary..wot???
Portee.
Gold will take off like a rocket as the paper dam bursts...not if...when....