Monday, December 8, 2008

FutureStorm: Experts Warn The U.S. May Soon See A Million Job Losses Per Month

"The truth is that the United States has two choices.

For decades Americans have been feasting on debt on all levels - government, corporate and individual - and now all of that debt is starting to catch up with them.

The standard of living is going down and it is going to go down hard.

The two choices are this...

#1) A 1930's style deflationary depression where the United States experiences massive unemployment and a devastating economic slowdown, but where money still holds some value.

#2) A hyperinflationary collapse where the United States government and the Federal Reserve flood the economy with money to get it moving again. In such a scenario, more people would be working and there would be more economic activity, but the buying power of everyone's money would be radically reduced.

From all indications, it appears that the U.S. government has decided solidly on alternative number 2. We will still experience a bit of a deflationary depression for the next six months to a year while the government gets all of this money into the economy, but after that the economy will be flooded with cash and with economic activity, but the value of everyone's money will start declining rapidly."

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