Back to the Next Depression, Part 1
Back to the Next Depression, Part 1
Jim Puplava predicts America will be in an inflationary depression in 2010. Before you discount him, you need to know that his predictions have been on the mark for the past several years:
Here is how the transcript begins:
Remember in our opening show of the year, Jim, you made a number of forecasts. One was going out to 2010, whereby you forecast another depression. So what we're going to do today is to start a four-part series laying out the case of why, if we continue on the track that we're on right now, the US is headed into a depression.
So the first thing we should do is frame the issue, set the stage and give our listeners some background material on why you believe we are genuinely heading into, not a recession, but a depression.
Click here to read the entire transcript or listen to the radio interview.
http://www.financialsense.com/fsn/BP/2008/0119.html#back
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