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crisis


While some politicians would have us believe the crisis is over and we're recovering I think we can never be too sure, at the very least. Respectable people who are widely credited for predicting this crisis (George Celente, Peter Schiff, Ron Paul etc.) are saying there are even worse times to come. Suffice it to say it would probably be a bad idea to go get too comfy right now and think saving and being prepared is no longer so vital.


This is something I continue to be genuinely interested in. The credit fiasco that happened in USA and infected the rest of the world, bringing down some of the most powerful and oldest banks in US and some big banks in Europe too, regardless and perhaps even partly because of the just passed bail out in US and other bail outs in Europe, is according to many leading the world towards a global deep recession which some compare even to the Great Depression that started in 1929.