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The Great GLOBAL Depression-Its coming By Scott Dier Many people believe, that with our new US President he will be able to repair the damaged economy. Well, news for you it just got a lot worse. The US dollar will likely be dropped by Russia and China (Reports from the Russian media suggest that the country is on the verge of an agreement with China to renounce the US dollar and stop using it in international settlements.)Russia Today reports that Putin has also called for a complete overhaul of the world’s financial system to “end monopoly in world finance”. Look out for one world currency! GM and Ford are on the verge of bankruptcy, unemployment is at an all time high in many countries now. Toyota is stating they are in financial turmoil. Paying the piper for U.S. Gov’t Bailouts? $2.7 TRILLION! This will likely put the deficit at over 12 trillion! Who will be paying for this debt? In my opinion, one must go bankrupt, re-evaluate the dollar at 10-1 and/or create a NEW CURRENCY. We have some serious issues here that no President will be able to address!

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http://www.thecomingdepression.blogspot.com | http://www.thecomingdepression.blogspot.com

Contributed by The Coming Depression on November 8, 2008, at 1:15 PM UTC.

PLEASE VISIT THE CONTRIBUTOR'S WEBSITE

The Coming Depression Info on the coming global depression www.thecomingdepression.blogspot.com

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