This is not a financial prediction; all can hear the deafening overture of poverty and despair if they choose to hear it. Still the major newspapers and television news programs are not giving the American public the entire story. For example, the dollar has reached record loss in value for over four months. Unemployment is also setting records along with interest rate hikes, which has caused many Americans to go into foreclosure on their home and businesses. Even the lending houses are now starting to collapse with the weight of all the bad debt. Stories are now starting to surface about runs on many banks and lending houses. Again, Americans do not fully understand the gravity of this economic doomsday. If you are lucky enough to have an older friend or family member who was alive during depression one, ask them about it. The similarities are frightening.
No comments:
Post a Comment