You thought Roubini
was extreme? Check
this guy out:
RHINEBECK, N.Y., Nov. 19 (UPI) — A financial crisis will likely send the
U.S. dollar into a free fall of as much as 90 percent and gold soaring to
$2,000 an ounce, a trends researcher said.
"We are going to see economic times the likes of which no living person
has seen," Trends Research Institute Director Gerald Celente said, forecasting
a "Panic of 2008."
Hm. If the dollar falls by 90% and gold rises to only $2,000 an ounce, wouldn’t
that mean that the value of gold will actually fall, significantly,
in any kind of non-dollar terms? Truly, gold is for optimists. I’m loading up
on Mad Max videos, for research purposes.