Prediction of the US economic collapse

May 10, 2009

Recently I came across this article – http://www.naturalnews.com/019659.html. If the date on this article is to be believed then, the author has amazing predicted the many events that have already occurred. Others like Peter Schiff had also predicted the current collapse.

The article talks about the Fed buying the Treasury bills when no one else is willing to buy it. This is what exactly happened about 2 or 3 months ago when the Fed declared that it will be buying $1.2 trillion worth of T-bills.

According to the article, hyperinflation is the most probable exit taken by such crisis since printing money to pay off debt is the easiest way for the greedy governments. This is what happened in Germany in 1923 and this is what will happen in the USA now.


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