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Tuesday, September 30, 2008

[vinnomot] Breaking Financial News: Economic Depression

Irving Silverbaum recognized as a leading world economist is warning of a severe possibility of an economic depression. The affect of what is happening in Washington will impact the average citizen in this manner: The devalued dollar is creating inflation for instance a loaf of bread cost $1.99 twelve months ago, today that same loaf of bread costs $ 3.29 and in one month it will cost $5.49. This problem is coupled by the extraordinary tightening of credit meaning that consumers will no longer have availability of credit and will have to pay cash for their purchases. Needless to say millions of people cannot afford to do this. Very few companies are prepared to assist consumers through this difficult time. The company that leads the industry in consumer savings at http://usafooddiscounts.com remains committed to assisting consumers.

-News Reporting Agency

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