When These Men Speak... We Listen.
"We face a 75% chance of a financial crisis within five years."
Paul Volcker, former chairman of the Federal Reserve
"The U.S. does not have more than a 10% chance of avoiding Economic Armageddon."
Stephen Roach, Morgan Stanley
"We are confronting a day of serious reckoning"
Robert E. Rubin, former Secretary of the Treasury
"As a nation... we are running on empty."
Peter G. Peterson, Chairman, Institute for International Economics.
Former Chairman Federal Reserve Bank of New York,
Secretary of Commerce,
Chairman / CEO; Lehman Brothers
"Gold still represents the ultimate form of payment in the world. Fiat money, in extremis, is accepted by nobody. Gold is always accepted."
Alan Greenspan, former chairman of the Federal Reserve
"We're facing an unprecedented tsunami... and evacuation is not an option."
"A Category 6 hurricane is threatening our shores - it's the federal budget deficit - and no one is worried."
David Walker, U.S. Comptroller General
Chief Auditor of the United States
How BIG is the problem?
$74,000,000,000,000.00.
That's $74 Trillion dollars!
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