Doom and Gloom Ahead For The Economy According to Some Experts

Orlando, Florida (PressExposure) April 16, 2012 -- Beneath the Wall Street talk of a more stable financial market, there are some very recognizable faces who suggest a more grim outlook for the economy can be expected in the near future. These predictions of a bleak future have many on Wall Street panicking over their long-term market investment strategies. A growing number of expert prognosticators suggest that the worst of economic crisis actually lies ahead in the very immediate future.

Renowned financial expert Jim Rogers suggests that the "debt ceiling has not yet hit" and further suggests that the crisis may be even worse in 6 months. In regards to the economic stability in the US, Rogers was quoted on CNBC as saying, "It's a horrible, horrible mistake" in reference to the current policies of the US central bank. While not all experts are in agreement about the overall direction of the economy, Rogers predictions are anything but out of the ordinary.

Harry Dent, author of "The Great Crash Ahead", believes another market crash is due in 2013 to 2014 that will be much more significant than the crisis of 2008. His predictions are based on the fact that he believes the US banks created an artificial short-term boost by simply inundating the markets with excess currency. "This will be a repeat of 2008-09, only bigger, when it finally hits," Dent told USA Today.

Robert Pflueger of, one of the most experienced and recognized bankruptcy lawyers across the country says that, "Most bankruptcy attorneys are experiencing steady growth in their client base simply from the overall state of the economy. While I think future predictions are a bit hasty, there is no question that the bankruptcy world is rather busy and continued growth is expected."

Gerald Celente, from the Trends Research Institute, says Americans should brace themselves for an "economic 9/11" due to policymakers' inability to solve the world's financial and economic woes. The coming meltdown, he predicts, will lead to growing social unrest and anti-government sentiment, a U.S. dollar with far less purchasing power and more people out of work.

Doomsday prognosticators suggest the best course of action for everyday Americans is to start stockpiling their rations in the event that these predictions prove to be accurate.

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Press Release Submitted On: April 15, 2012 at 7:30 am
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