phat cat

Survival of the Longest

I meant:

Right on Thomas. I can't agree with you MORE!

Survival of the Longest

Right on Thomas. I can't agree with you.

If we are to stretch our imagination a bit more, it's not unforeseeable that we may be in whole lot of trouble more. With the Americans used to all the excesses and increasingly belligerent, and the developing countries like China, Russia and Easter Bloc just starting to taste the fruit of capitalism, a prolonged deep recession will lead to....WWIII. It will start with finger pointing backed by religious backlash (just see how Obama is being labeled as an Islamic terrorist!!! just ridiculous), followed by a mass scramble for resources, then a flared up nationalism, finally armageddon, created by ourselves.

The solution? Not clear. We need wise/responsible leaders who can see big pictures (not just finding Russia across the pond) and people start to take responsibilities for their own actions. We created this debt problem, we are the ones who are spending money we don't have, and we are just as greedy as those people on Wall Street. We know it, if put Joe Plummer on the trading floor, he will do exactly the same! It's time to tighten our belts and start to prepare for a long winter... and gold is not a bad idea at all (physical only, those ETFs might just be as worthless as the Lehman shares in the brokerage account)