28 February 2012

"Economic 9/11"

6 Adar 5772

'Plan for an economic 9/11': Analysts warn Americans to buy guns and gold, predicting market crash and street riots within a year

Just when you thought unemployment was dropping and stock markets were surging back, these three analysts today sent out a stark warning to Americans to brace for another financial crash.

Trend forecaster Gerald Celente advises buying a gun to protect your family, stocking up on gold if the dollar crashes and planning a getaway, so it’s no shock he’s preparing for an ‘economic 9/11’.

Share prices and unemployment are posting their best figures in four years since the recession hit, but Mr Celente, along with authors Harry Dent and Robert Prechter, says the rebound won’t last.

All three were profiled in a USA Today feature on Monday. Mr Dent, who had The Great Crash Ahead published last September, believes stocks are simply experiencing an artificial short-term boost.

Mr Prechter, who had a new version of Conquer the Crash published in 2009, is fearful of today’s economic similarities to the Great Depression and says the brief recovery will fail like in the 1930s.

I'll be very surprised if it takes a year. What's it going to look like after Iran airbursts a nuke over the US from an off-shore freighter? The world is going to see proof this time that everything Israel claimed about Iran is true.