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The Next Crisis: The Economy

articles.moneycentral.msn.com — The banking system's meltdown will run its course soon enough. Then we'll have to face the reality of the coming severe recession.

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  • ToxicG, on 10/07/2008, -0/+0I've been telling anyone who'd listen that the real shoe to drop would be that the we're bankrupt. This bailout is really just a thimble of water on a forest fire. Inflation will be hyperinflation. I think the overseas markets will take a hit because of our bad debt, but the brunt of it will be felt here. Think gold is high now at $900 dollars? Wait until next year. Gold will hit at least $1,500 to $2,000 by summer.

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