San Diego Housing Market News and Analysis

I read this on www.prisonplanet.com and was worried about my value of dollars in bank and CDs:

Economic Expert: We Are Already In An Engineered Recession
50% chance there is going to be a 1929 style economic depression as pretext for regionalization, globalist interests

Steve Watson
Infowars.net
Wednesday, August 15, 2007

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Alex Jones was joined on air yesterday by investigative journalist, economic expert and Harvard Doctor of Political Science Jerome Corsi for an in depth discussion on the state of the economy and the engineered decline towards regionalization and a globalized monetary system.

Corsi warned that the crisis in the stock market we are currently witnessing is simply the tip of the iceberg and part of an overall meltdown that represents a gutting of the United States by neo-mercantilist institutions bent on the formation of a new global monopoly.

"We're gonna go through Stagflation, which is basically stagnation and inflation. We are already in a recession, it just hasn't been publicly declared yet. I think it will deepen through the rest of 2007 into 2008. Corsi stated.

"It's going to last several years, it's largely because we've lost so much of the manufacturing to China, even when our currency tanks, there are no exports we are producing anymore that will gain. The currency is gone, it is being sold off very quietly, worldwide, by the oil producing states, by China, the Euro is increasingly becoming our foreign exchange reserve currency.

The primary indices of inflation have been taken out of the indexes, food is not in and neither is energy prices. These two are going up hugely right now and are going to continue to go up."

Corsi warned that this is going to be the formula for producing the Amero, a continental solution to the tanking of the Dollar.