Depression Or Inflationary Spiral? - Either Way Gold Is Headed Through The Roof According To An Internal Citibank Memo
Monday, December 01, 2008 Posted by Shattered Paradigm
According to the memo, we will either see an economic depression, accompanied by civil unrest, riots and possibly war, or we will be caught up in a massive inflationary spiral as the governments of the west flood their economies with liquidity.
In either case, the memo indicates that the price of gold is going to shoot through the roof. The memo mentions that the price of gold could exceed $2,000 in just a couple of years.
What could make things even more volatile is a big move by China in the gold market. Reports out of China indicate that they are thinking of boosting their gold reserves from 600 tons to about 4,000 tons in order to diversify away from paper currencies. If these reports are true, then there is no telling where the price of gold will end up.
But it is not just Citibank predicting a bleak future for the United States.
A top Russian political analyst also recently said that the economic turmoil in the United States has confirmed his long held view that the U.S. is heading for a collapse, and that it will break up into multiple parts.
In addition, Gerald Celente, the CEO of Trends Research Institute, is predicting catastrophic changes for the United States in the coming years.
Gerald Celente has a tremendous track record - he successfully predicted the 1987 stock market crash and the fall of the Soviet Union. Now he is forecasting coming food riots, tax rebellions and a "revolution" in America - all within four years.
Just check out what Celente recently told Fox News:
The truth is that we are already seeing bankruptcies, store closings and foreclosures at record levels across the United States. Crime is already beginning to reach epidemic levels in many areas. Citizens are getting madder than ever before. A bubbling cauldron of chaos is already brewing, and further economic problems could set off a chain reaction that could change the face of America forever.