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Celente Predicts Super Depression in 2012
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<blockquote data-quote="Brandonm22" data-source="post: 673064" data-attributes="member: 7645"><p>If all we get is the 10 to 20% inflation of the 70s, I am going to be pretty pleased. If the Chinese stopped buying bonds, given the insane deficit spending we have seen from this administration, we will have to print $400 billion to a $trillion in new currency. If the world responded by dumping their reserves of U.S. dollars, you could see 12 to 36 months of 40, 50, 60% inflation. There are a lot of IFs in that scenario and if China priced us out of their export market how many Chinese lose their jobs??? Does THAT government want millions of unemployed in their streets? If you are the Chinese why not continue to pretend that the dollar is strong verses the yen and keep propping us up? I can see this playing out both ways. Either way, the key decision makers are increasingly overseas.</p></blockquote><p></p>
[QUOTE="Brandonm22, post: 673064, member: 7645"] If all we get is the 10 to 20% inflation of the 70s, I am going to be pretty pleased. If the Chinese stopped buying bonds, given the insane deficit spending we have seen from this administration, we will have to print $400 billion to a $trillion in new currency. If the world responded by dumping their reserves of U.S. dollars, you could see 12 to 36 months of 40, 50, 60% inflation. There are a lot of IFs in that scenario and if China priced us out of their export market how many Chinese lose their jobs??? Does THAT government want millions of unemployed in their streets? If you are the Chinese why not continue to pretend that the dollar is strong verses the yen and keep propping us up? I can see this playing out both ways. Either way, the key decision makers are increasingly overseas. [/QUOTE]
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Celente Predicts Super Depression in 2012
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