Breaking Financial News: Economic Depression
- Irving Silverbaum recognized as a leading world economist is warning of a severe
possibility of an economic depression. The affect of what is happening in Washington
will impact the average citizen in this manner: The devalued dollar is creating
inflation for instance a loaf of bread cost $1.99 twelve months ago, today
that same loaf of bread costs $ 3.29 and in one month it will cost $5.49. This
problem is coupled by the extraordinary tightening of credit meaning that consumers
will no longer have availability of credit and will have to pay cash for their
purchases. Needless to say millions of people cannot afford to do this. Very
few companies are prepared to assist consumers through this difficult time.
The company that leads the industry in consumer savings at http://usafooddiscounts.com
remains committed to assisting consumers.
-News Reporting Agency
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