Comments | the_recession: ECRI Recession Call 2012: Is the ECRI Recession Call Wrong ?

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ECRI Recession Call 2012: Is the ECRI Recession Call Wrong ?

Sep 17, 2012 17:46

Recession 2012 Call in Doubt
ECRI Doubles Down on 2012 Recession Call
Forecasts of recession 2012 are seriously in doubt, as very little has definitively pointed to the onset of a new recession this year. Despite this, ECRI, which back in September of last year called for imminent recession, perhaps the first true gun-jumping in the entire 16 year ( Read more... )

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Comments 1

lally2301 October 11 2012, 22:34:56 UTC

THIS IS A REALITY. The massive amount of printed fiat currency in the world seems to be pandemic, for one side we have in the USA, the Federal Reserve Bank announce the release the QE3 in the next months, which means a “bond buying program” and to be bought by other countries. Just lately, The Bank of Japan also announced that it was adding another 10 trillion yen ($128 billion) to its already massive bond buying program. Unfortunately both “fiat printed money” will be paid by their citizens.

What do these countries expect?
To solve their huge debt creating more debt!

We have some indicators that depict the critical financial situation of USA and Japan such a Debt to GDP ratio of 240% and 100% respectively. This is really bad!

This printed money will cause more INFLATION, whose symptom is the increase of prices of products and we will see more world social unrest. For that reason we have to Prepare and Get Ready Against This Inflation: theelevationgroupreviews dot blogspot dot com