Comments on: Stop preparing for economic catastrophe? http://www.bankaholic.com/finance/stop-preparing-for-an-economic-catastrophe/ Blogging about personal finance, foreclosures, mortgages, interest rates, and budgeting. Wed, 18 Nov 2009 03:45:46 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Drew http://www.bankaholic.com/finance/stop-preparing-for-an-economic-catastrophe/comment-page-1/#comment-24776 Drew Thu, 11 Jun 2009 10:36:24 +0000 http://www.bankaholic.com/finance/?p=701#comment-24776 Check out the link to the Wall Street Journal editorial I attached...it's not just Ron Paul, Peter Schiff, and Glenn Beck who are warning us of inflation now. In fact, the recent spike in oil prices is probably the beginning...the increase was allegedly caused by banks speculating in oil futures with TARP funds (there was no increase in demand, and inventories are at record levels). We may be on the brink of a dollar collapse (of course, I've been hearing that for 10 months, but every day the threat seems a little more real). I sure hope they're all wrong! Check out the link to the Wall Street Journal editorial I attached…it’s not just Ron Paul, Peter Schiff, and Glenn Beck who are warning us of inflation now. In fact, the recent spike in oil prices is probably the beginning…the increase was allegedly caused by banks speculating in oil futures with TARP funds (there was no increase in demand, and inventories are at record levels).

We may be on the brink of a dollar collapse (of course, I’ve been hearing that for 10 months, but every day the threat seems a little more real). I sure hope they’re all wrong!

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