Economy in trouble

And the band plays on. it does seem like old times again, maybe the 1930's?

The sad 3rd quarter GDP numbers add to a month of terrible financial news and yet stock pickers still chime about a minimal recession in 2008. I predict that our bad situation will become even more chaotic in the days to come.

Already were are seeing gasoline rise above that dreaded three dollars per gallon. I predict that soon we will see $4/gal gas. This will cause inflation as well as damage the already fragile economy.

I see a sustained monetary liquidity contraction - in other words, no money, as consumers are forced to pay top dollar for food and fuel. Gold will shoot up in price. A safe haven, it shall become for those worried about inflation and return on investment. I predict future price gold in 2009 at $2000/oz.