Illusional Delusion

How Does $9000 Gold Sound?

You can't fill your stomach with gold. The gold standard is just a means of equating value while maintaining liquidity, but if the country is poorly run, fiat nor gold will work.

9k? If USD is no longer the preferred reserve currency, yes. In fact, it will be 1 billion/ oz.

Tuesday Outlook: Commodities, Emerging Markets, More

I don't think that is the case, since probably the entire congress needs to be examined over their lack of oversight before the "crisis". It always amazes me how these people can get to congress but now we can evaluate whether these men and women can really lead. Hopefully, this lesson will not be lost within 2 weeks by the media.

I'm against the bailout as well, and I hold stocks also. I think a correction is more beneficial to the global economy than the bailout. Corrections are needed to right inflated prices. Besides, the consolidation of banks probably mean that the good banks probably did enough homework to avoid going out of business anyway, so why do we need a 700 billion blank check now? Fishy right?