> RoMunn wrote: > A lot better. He put most of his assets in gold over the last two years. > 90's unless we suck it up and let some of these pigs go down the tubes,
3 problems with what you wrote: (1.) He didn't put his assets "in gold" he put them in *gold derived securities*. Big difference if the shit hits the fan. (2.) If we let banks fail 2 things happen: a.) the swaps they hold become worthless triggering a domino effect meltdown and, b.) the assets they hold flood the market triggering a domino effect meltdown. In other words, if one person on your block sells his house he might get a good price. If 50% of the people sell their house, prices are going to drop. If 99% of people sell ... well they won't sell. (3.) A new cold war is on, but between the US and China. For the time being, it's economic. Just like the US in the early 30s, China is a creditor nation. The US, just like the UK in the early 30s, is burdened by wars and in big debt. In the 30s people worried about the US's long term welfare argued for stimulus to Europe. Of course given the depression that didn't sell and many think the US wasted a huge opportunity to remake the World with US-style economic policy possibly leading to WWII. China is in the exact some position now. They have the opportunity to force their economic vision on the entire World and the US isn't in much of a place to stop them. Lucky for, for the time being, the Chinese conservatives are winning. If we're REALLY lucky, the US will take the lead role in recapitalizing the World economy. And so the New Cold War is on. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:293418 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
