The funny(sad) thing is about this whole mess, it was all caused by bad subprime mortgages. Our gov't has already put over $8 trillion into this according to Bloomberg. Yet from another source(I forget which) I read that the sum total of these bad mortgages is only a little over $2 trillion. Why didn't the FED just buy up those mortgages for face value and let the derivatives fall where they may? Now we're on the hook for 4X the amount of the original bad martgages. The US treasury is for all purposes bankrupt. I would venture to say the only thing supporting our dollar now is US military might, but how long will that last? When(not if) the dollar collapses will we experience extreme social disorder(think of New Orleans after Katrina) when all we have is useless dollars to spend and no one wants them? I have only 2 words, nouns really, as an answer: gold and silver. Buy it and hold it in your own posession where it can't be taxed, liened by a court, held up in bankruptcy, or confiscated by our own gov't. Last year talk of confiscation started and I pooh poohed it as ridiculous. Now with events unfolding I'm not so sure anymore. Just a heads up. Hope all here had a merry christmas and best wishes for a healthy new year ahead.
........al
I may not agree with what you say, but have fought and will continue to fight for your right to say it. USArmy 1966-1975
