Thursday, January 22, 2009

Sharp increase in unemployment rate

A sharp increase in jobless claims means we are sliding into a severe recession and could go into a deep depression. Nothing funny about the current state of commerce. Hugh piles of containers are at the dockyards, and new car lots are full imported vehicles that are not selling. Our trade deficit may go down because people are buying a lot less MADE IN CHINA at the dollar store, and since more food is grown in the US than anywhere else, this could mean that we will see our economy improve down the line.

However, for the near view, we see more trouble as banks fail and our economy begins to implode. People using remote viewing say that the future price of gold will hit $2,000/oz.

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