US Economic Dooms Day Scenario - TheDeficits

I think the people of the United States and foreign finance ministers should be made aware of the information on this web site. Emails were also sent to many different government and private organizations as well a few months ago. TheDeficits.com

The US Economic Dooms Day Scenario

Inflation is high and the normal procedure to reduce it is to raise interest rates. Banks worldwide will soon do the same to bring in capital as well. Given the nature of interest rate fluctuations it is a fact that interest rates will rise. When interest rates rise this will cause the foreclosure of more mortgages and the collapse of more banks. The Fed chair and Treasury Sec, Bernanke and Paulson, who wants to make the US government and tax payers the back stop will throw in everything including the white house building resulting in a 3rd world status of the US. Other world banks who try to rescue the US banks will be dragged down as well resulting in the worst economic disaster in history.

For the past several months billions of dollars have been leaving the US.

The current administration does not seem to have the will to correct the situation and it seems to be only a Political game to them. Treasury Sec Paulson claims that it's a question of faith but you should note that people worldwide and in the US have lost faith in this current US administration and it's faith continues to go in the downward direction.

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From: Danny Hunt [mailto:dannyhunt@gmail.com]
Sent: Thursday, March 27, 2008 9:00 AM
Subject: my advice to my friends

If you have investments and haven’t already moved them to Guaranteed funds I would advise you to do so ASAP.

I’m not an economist or economic advisor and it’s just my personal advice.
If you do speak to an economic advisor some may even tell you that now is the time to buy and of course some will tell you to do what I have as well.

I hope that I’m wrong and we’ll probably know in a few months.

Have a great day.

Danny


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