Depression 2010?
The mystery of government is not how Washington works but how to make it stop.
-Unknown
I always try to tune into “Financial Sense Newshour” with Jim Puplava and John Loeffler every week. During part one of the third hour of the June 21 broadcast, Jim Puplava dropped a bomb with the following statement:
The U.S. economy, John, in my opinion, is heading into a depression by the year 2010. Now, rebuilding the country may be the only thing that brings us out of that depression. And remember, severe bear markets in depressions, as we’ve been talking about on this program, are caused by politicians. It takes a politician to turn a recession into a depression. And given the current debate, and the holes that we’ve dug ourselves in, I don’t see how we’re going to avoid this crisis. I mean, the things we’re talking about doing today, should have been done over 10 years ago.
Source:
“Financial Sense Newshour”
Third Hour, Part One
June 21, 2008, Broadcast
FinancialSense.com
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