{"id":198232,"date":"2007-11-29T23:09:00","date_gmt":"2007-11-30T04:09:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/11\/29\/90-plunge-in-the-us-dollar-forecast\/"},"modified":"2007-11-29T23:09:00","modified_gmt":"2007-11-30T04:09:00","slug":"90-plunge-in-the-us-dollar-forecast","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/11\/29\/90-plunge-in-the-us-dollar-forecast\/","title":{"rendered":"90% Plunge in the US Dollar Forecast"},"content":{"rendered":"<p>So says Trends Research Institute Director Gerald Celente, he is <a href=\"http:\/\/www.upi.com\/NewsTrack\/Business\/2007\/11\/19\/forecast_us_dollar_could_plunge_90_pct\/4876\">forecasting a 90% plunge and Gold being at $2,000.00\/ounce<\/a>.<\/p>\n<p>Personally, based on nothing more than my gut, I would say that this is unreasonable, I don&#8217;t see it dropping more than 50% long term $3.00=&euro;1.00, with an overshoot to somewhere around $5.00=&euro;1.00 at the height of the speculative frenzy.<\/p>\n<p>Still, this guy did, &#8220;forecast the subprime mortgage financial crisis and the dollar&#8217;s decline a year ago and gold&#8217;s current rise in May&#8221;, though so were a lot of other people.<\/p>\n<p>However, I agree that, &#8220;the subprime mortgage meltdown was just the first &#8220;small, high-risk segment of the market&#8221; to collapse&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So says Trends Research Institute Director Gerald Celente, he is forecasting a 90% plunge and Gold being at $2,000.00\/ounce. Personally, based on nothing more than my gut, I would say that this is unreasonable, I don&#8217;t see it dropping more than 50% long term $3.00=&euro;1.00, with an overshoot to somewhere around $5.00=&euro;1.00 at the height &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,973],"tags":[],"class_list":["post-198232","post","type-post","status-publish","format-standard","hentry","category-bubble","category-economy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198232"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=198232"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198232\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}