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"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Sunday, November 25, 2007

United Press International publishes Forecast: U.S. dollar could plunge 90 pct

By UPI  11/24/07 -- -, Nov. 19 (UPI) -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent...
The Panic of 2008 will lead to a lower U.S. standard of living, he said."....
http://www.informationclearinghouse.info/article18776.htm

Financial Depression of 1873
Townsend builds the smelter 1887

1929: Great Depression
1929-1933 "
At the height of the Great Depression, Smeltertown spanned about 25 acres and the population had grown to about 5,000 residents."

1930's : "[Asarco's] company's recovery was aided by President Franklin D. Roosevelt's silver-purchase plan and his devaluation of the dollar, which caused the prices of precious metals to rise."
http://www.answers.com/topic/asarco-incorporated


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