St Alphonso

The Worst Case Scenario (Someone Has to Say It)

Sorry permabulls...we've been listening to your rhetoric for all these years and we're having a hard time maintaining our suspension of disbelief. It's not the end of the world, but it may be the winding down of the American Scheme. It's not that we don't want to believe, but how many times can you be completely wrong and still considered to be a reliable source of information? I'm sure the Aztecs thought they would recover from their downturn. Each crisis has been averted by going into greater debt to weather the storm. We might hobble through this too, but this is supposed to be a civilization--not just a generation.

I'm sure the golden vampires will do just fine, but for the millions of the rest of us, the golden age may be over.

Where Are Jim Rogers, Marc Faber and Doug Casey Investing Their Money in This Market?

Commodities? Need to check the history on commodities in a depression. That's where we came up with this genius of all government fix-it-till-its-broke schemes of farm price supports. Americans probably buy about 100 times more food than they need to survive, so they can cut way back. I'm sure the rest of the world doesn't want to starve, but the first world couldn't care less. No cash, no hash. If I had any money left, I'd never bet on commodities in this market. I'm buying ammo stocks, and then ammo. It'll be worth more than gold soon. Maybe a gun too.

Or maybe Obama's posse has just the right plan to fix the economy. Ha ha ha, I'm here all week folks.