Isn't it interesting that many of today's better known gold pundits foresaw this "Greater Depression" seven, eight, even *TEN* years ago - but no journalists are writing about that.? An even better question is why journalists aren't digging deeply into the above story er and writing about *WHY* gold pundits knew very long ago that a historic economic collapse lay just around the corner.
After all, there is no better way to validate their reasoning than what has happened to the economy and to the price of gold. Perhaps more people should consider that gold pundits DIDN'T just get lucky... and that they're really on to something - a far bigger story, in fact, than a 5-fold increase in the price of gold over ten years.
IMO, people have their heads in the sand. They don't want to know how gold pundits knew what would happen because they might really, REALLY dislike the implications of what they learn.
I predicted the collapse of the European Union well before my 2006 arrival on AtomicBobs, btw. The part I got wrong was the 'when' - I thought the collapse would occur in 2011 at the latest.
Grim warning of 'deep, prolonged recession'
Nov. 10, 2011, 5:17 a.m. EST
EU warns of 'deep, prolonged recession'
By Matthew Dalton
BRUSSELS -- The European Union Thursday slashed its growth forecast for the 27-nation bloc in the coming year and said it can't exclude the possibility of a deep, prolonged recession.
The European Commission, the EU's executive arm, said in its semiannual forecast the economy is struggling with weak confidence, financial turmoil, government austerity packages and a slowdown in Europe's main trading partners.
It said the EU's gross domestic product in 2012, adjusted for inflation, would grow just 0.5%--sharply down from its forecast only six months ago of 1.8%.
Since then, the euro-zone sovereign debt crisis has intensified, undermining investment and consumer confidence, the commission said. Government austerity packages have suppressed growth across the bloc. Domestic demand, which economists had hoped would be able to drive the recovery, has failed to pick up the slack.
"The probability of a more protracted period of stagnation is high," said Marco Buti, head of the EU's economics division. "And, given the unusually high uncertainty around key policy decisions, a deep and prolonged recession complemented by continued market turmoil cannot be excluded."
http://www.marketwatch.com/story/eu-warns-of-deep-prolonged-recession-2011-11-10
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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