Man, the lay of the land these days, as to what will happen when broke people have no money for food and shelter, and, what would be the governmental response to them and to a bankrupt economy makes me wonder if we really do need to have some food stockpiled and some silver and gold coins set aside to barter with...People in the more wealthier communities simply do not see any of what's coming.
I mean, this country is in debt up to its eyeballs, and they're going to keep the printing presses running overtime?
How long can the automakers last until they crawl back to beg for more? And if they go down? What then?
How much money will Obama have to print to even think of creating 3 million jobs and stabilizing a financial industry rotten with greed and corruption? One friend I talked to this a.m. called Madoff, 'Made-off' (with the money). Wonder how much he's got stashed somewhere in the world?
How will they forestall the millions of foreclosures said to be coming in 2009 and then, beyond, by the ARM's that had 3-5 year resets?
Screw it, I ordered both of Peter Schiff's books to read and get his take on the big picture and for how to prepare, if in fact a crash actually does take place.
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