US collapsing; world collapsing--depression coming
(2008-10-10 03:53:27)
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The Japanese stock market is down 24% in one week; other Asian and European markets having been going down 5-10% on a daily basis for several days. There seem no fixes. World leaders seem to have lost control. Depression is coming. Be prepared.
The following is an interesting article that is worth reading--if you want to prepare for the future:
http://market-ticker.denninger.net/archives/602-Time-Is-Up-Congress-And-America.html
Although the author is a little extreme, there are many valid points. I quite agree with him that if confidence is not restored really soon, many of his predictions may come true.
If you have some money and are a long-term investor, it may be a good idea to buy some good gold stocks.