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Old 02-08-2010, 07:07 PM   #29
Lost soul
Avalon Senior Member
 
Join Date: Jan 2010
Posts: 38
Default Re: What recovery? Unemployment shoots past 10 percent

The problem is worldwide. When I was in Malta a few years ago, I learned that the English had engaged in subprime lending too and because of it, were in big trouble. The Germans are not happy with what the Spanish, Italians, Greeks are doing with the euro. They're printing it too freely (like we do with our dollar). The Japanese are hurting because we can't afford to buy their consumer products. Factory closure isn't unknown in China and they have a real estate bubble there too. Now, the Chinese have urged the people to buy precious metals. The world is in for a rough ride.

I was warned of this (and hyper-inflation) back in the late '70s. I woke up and started reading some books on the economy a few years ago and concluded that the only thing worth pursuing is spiritual enlightenment.
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