EUARTE

Preview from Europe: The Bears Are Back

The Fed at the beginning of this crisis was caught without leadership and knowing what to do. Nothing has changed.

Historic Financial Collapse Underway?

I have to assume that all that money flowing into countries like Brasil will not only stop but reverse. Although ignored by most financial reporting, the R$ is a powerful currency. Almost daily the US$ goes down against the R$.

So, if you were an American, having only US$ to live on, your purchasing power will increase. If you are on Social Security even a near destroyed US$ will be worth more that the R$ and other emerging countries currencies.

The answer is get out of the states and move to another country where the currency will be destroyed by that countries stupity. Just be careful which country you choose. You may end up in a not so nice revolution.

As for gold, I would agree to some extent that it "may" help one survive. If you do own it own it physically. I would guess that the gold issued coins, although expensive, may be the best to have for living on a day to day basis. For investment bullion will be best.

Fannie and Freddie should quitely and quickly be burried. The faster we rid ourselves of these monsters the better. NO bailout. The Secretary of the Treasury is not interested in the country but only one street...Wall Street.

At long last it should be openly said by everyone that Greenspan may be the second worst government employee ever. The first is the morally corrupt Congress who allowed him to continue in office.