Jeffrey Christian – Debt Default Means Instant Recession

from Financial Survival Network

We caught up with Jeffrey Christian today. He’s irked by the shutdown, but is particularly concerned about the potential US default. He believes that it will throw the country into an instant recession and it will have world wide reprecussions. He’s pleased about the choice of Jane Yellen for Fed Chief. He’s expecting gold to take another hit and go below $1300 and then recover and probably increase into December. He’s convinced we will see another worldwide economic crisis because there have been no economic reforms since the 2008 economic collapse. The global debt bubble has only gotten worse and there haven’t been any serious efforts to address the problem.

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