1 Quadrillion of Unregulated Debt At Core of Coming Derivatives Crisis

**Western** · 05-24-2012

Despite all the blather and swearing-on-the-Bible pronunciamentos from establishment “pundits,” our house-of-cards financial system is not fundamentally sound.

Expect such indices as the Dow to tumble even much lower when the Pandora’s box of derivatives is fully opened.

Believe it or not, the Dow is still not far from its all-time peaks, with a lot further to fall. The depression is still in its early stages. We are looking at $1 quadrillion of unregulated debt, with much of it at risk. (And we used to think $1 trillion was a lot.) The recent JP Morgan tremor was just the beginning..Coming Derivatives Crisis_150

**Western** · 05-24-2012

Peter Schiff called the housing crash and the recession in the early years of this century..Schiff then goes on to give his own knockout prediction:

Our days as the dominant economic power are numbered. The dollar is going to collapse, and Americans are going to experience stagflation on an unprecedented scale in the form of recession and hyperinflation. Those of you who act smartly and quickly by taking measures I outline later in this book not only will avoid loss of wealth but also will have positioned yourselves to prosper while your neighbors suffer a painful period of reconstruction and refo A Review of Peter Schiff's Crash Proof: How to Profit from the Coming Economic Collapse by Bob Murphy

**Western** · 05-24-2012

Today's guest is Terrence "Terry" Ingram, owner of Apple Creek Apiaries in Apple River, Ill. and lifelong beekeeper, with an attempted explanation of why the state government this winter stole his beehives and 15 years of research.
Peter is looking forward to your calls on politics, finance, and the economy.

Peter Schiff - The official site for the Peter Schiff Show

**Western** · 05-24-2012

Gerald Celente:think they just print money whenever the price of gold starts to rise.I bet Fort Knox is pretty much empty today, but the fraudulent "Federal" Reserve bank has plenty they are "holding" for uncle sam as collateral. After they lose their heads (literally) in the next revolution we will have to relieve them of their ill gotten gains.

GERALD CELENTE BLOG