Gold Industry Officials Warn Of Depression, Expect Major Economies To Boost Reserves

Bailout packages will likely lead to mass inflation, dollar crash

More Economists Say Crisis Is Worse Than Great Depression

More prominent economists have declared that the U.S. is facing a depression that may be even worse than that of the 1930s.

Noting that current efforts to rescue the mortgage industry are less successful than those used during the 30s, Edward J. Pinto, former chief credit officer at Fannie Mae has warned that the current crisis could be worse.

Chief Economist: It’s A Depression

Morici one of first senior analysts to admit U.S. faces 1930’s style collapse

America Has No Means to Recover from a Depression

Speaking in front of members of Congress on Tuesday, economist Peter Morici, a professor at the University of Maryland, said the job loss experienced in November “was much worse than was expected … The threat of a widespread depression is now real and present.”