Depression 2009 The Largest Train Wreck in Economic History

[Green_Bear]

**Depression 2009 The Largest Train Wreck in Economic History **
Jan 06, 2009, By: Darryl_R_Schoon
marketoracle.co.uk/Article8082.html

Change is a constant whether perceived or not; but only when we see it do we believe it has occurred. Then, it is too late.
The phrase, speculative bubble, is used to describe the financial tumescence that characterizes the often manic unfounded rise of asset values. The phrase, however, is inadequate for it fails to convey the destructive aftermath that follows; for such purposes, train wreck, is a better description. In 2009, the largest train wreck in economic history is about to occur.
Unfounded manic speculation, e.g. the 2002-2007 real estate bubble, is not new. Similar manic speculation occurred in internet stocks in the 1990s, radio stocks in the 1920s, as it did in railroad stocks in the 19th century and in tulip bulbs in the 17 th century. Manic speculation is as human as the markets.

[rhonda15]

Great article - thanks for posting

Makes me more committed than ever to get prepared and acquire a decent amount of gold and silver.