Economic Forecasts Dire According To Expert

John Williams, a leading economist and advisor to fortune 500 companies and hedge funds, stated on CNN Money that the United States can expect "the worst business cycle seen since the Great Depression."

Interviewed today on the Alex Jones Show, Mr. Williams went further. In order to illustrate the seriousness of the current situation, Mr. Williams told listeners that a one hundred dollar bill would be worth more used as toilet paper. The United States dollar, falling every day to historic lows against the Euro and Yen, is on its way to being literally worthless. It is merely a matter of time.

Mr. Williams went on to explain that Americans can expect a worstening recession and higher inflation, which will lead to a depression that will rival that of the 1930's. Todays economic news merely confirms that we are heading for a serious economic storm.

For the first time since 1945, banks own more of the equity in real estate than homeowners, and home forclosures are at a record high. Americans are loosing their homes and todays jobless report showed a loss of 63,000 jobs. These two factors alone should sgnal an emergency. Add to that the falling dollar and rising commodities, and it is clear that the nation is in trouble.

These predictions, also supported by other top economists such as Yale Universities Robert Shiller and Nouriel Roubini of NYU merely add credence to the seriousness of the situation. When the economic dream team says something, people need to listen.