Why the United States is headed into the 2nd Great Depression.
Part 1. January 19, 2008
(4 Part Radio Broadcast Series - Windows Media Player Links)
http://www.financialsense.com/
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Could be what's causing the predictions to go haywire!
“Most of the hard-up banks: Merrill Lynch, Citigroup, Wells Fargo, Countrywide, Wachovia, National City, Bank of America, maybe your bank... have billions of dollars in insurance against all the crummy mortgage loans that they have bundled or kept on their books. Their insurers could go BELLY-UP! See it’s a domino effect... First, the mortgage insurers go down, then the banks, then everybody who needs to borrow, you [the public].” - Jim Cramer 1/18/2008
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About DollarPANIC
Welcome to the HOME PAGE!
DollarPANIC is a ongoing collection of websites, videos, and other information found on the net; which serves to create a mosaic documentary of the 2nd Great Depression.
DollarPANIC is a ongoing collection of websites, videos, and other information found on the net; which serves to create a mosaic documentary of the 2nd Great Depression.
CHAPTERS
0. The Home Cover Page
1. Federal Reserve Follies
2. The Best of HousingPANIC.COM
3. The Great Unwinding
4. A Royal European Think Tank
5. Peter Schiff on the Global Credit Meltdown
6. Views from China
7. American Middle Class
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