Lucmee

The Coming Depression: See It Clearly Through Historical Eyes

Due to the waffling and politicizing of the situation... The upshot is that currently, there is nothing that can prevent a 3 -10 year worldwide depression. China looks to be the country most favorably positioned to emerge from the darkness first. Unless the USA can reconcile its population density with the fact that it's manufacturing base is severely eroded... Tough times are ahead for rich and poor. Even a big war is less of a solution these days than in the past. Gold and other tangibles aren't even sure bets at this point.
The banks and Wall St. can't be blamed for trying to cover up the corpse for the past couple of years... Doing so kept the country from a full fledged panic given the terrorism paranoia. But by letting the downturn catch so many unawares... The problems are definitely going to be exacerbated.
Given the current internecine warfare in Washington... The best bet at this time will be to take paper assets and convert them to food, supplies and a dependable vehicle that one can put to work.