Steve's Place

[starboy]

This lame duck period is a challenge to the USA, as the bailouts continue ala CITI, the Big 3 coming back on stage this week, and, now they're saying the pension plans are at risk.

http://articles.moneycentral.msn.com/Investing/CompanyFocus/up-next-a-huge-pension-bailout.aspx

Plus the hotels and malls that will close when guests are lost to hard economic times, and mall store renters quit their spaces leaving the mall owners with property worth less than what they owe, just like some of the current home owners who are considering walking away.

We are headed for unknown waters and a lot depends on the public reactions to events here, and abroad, now that other major countries are in recession and the ugly spector of narrow-minded terrorists has again risen to the level of merciless abominations upon the innocent.

Perilous times. Who knows how many will end up unemployed, and homeless in 2009...Gold at $2,000? Hell, by 2010 it could be $4,000.

A customer of mine bought $50 grand worth of American gold Buffalo's this fall. They delivered them in a Brink's truck! he has a huge safe in his home office.

I'm not worried about those who are prepared, I'm worried about the masses who aren't. How far will the hand of charity and compassion reach when the going gets really tough...