Expert Warns of Economic 9/11 for U.S.

Discussion in 'FIC' started by info, Jul 14, 2006.

  1. info

    info Guest

    Expert Warns of Economic 9/11 for U.S.

    There's an economic storm cloud brewing on the horizon; one that will sink millions of middle class Americans into poverty and the economy into financial chaos. And the flailing US dollar is to blame.

    Unfortunately, few Americans are aware of the train wreck ahead.

    So says Clyde Prestowitz, president of the Economic Strategy Institute, a Washington think tank, and author of the new book Three Billion New Capitalists.

    Out touting the book, Prestowitz says that, for millions of Americans, the bulk of their investments, their life savings and their assets are tied up with the dollar-like an iron chain to a
    two-ton anchor. And right now, the US dollar is the most widely-held financial asset in the world. But it is also the most dangerously overvalued asset in the world. And one of the worst

    full article here:
    info, Jul 14, 2006
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