Originally Posted by [db]

You guys are way off, it has nothing to do with free trade or "outsourcing". The federal deficit and the fact that we print the worthless paper we call currency as fast as the presses will roll are the main problems. When you build a house of cards, it has to come down at some point. What we're seeing now is only a tiny part of the economic catastrophe that's about to occur. You know, the one we all thought we could put off until we were dead. Us boomers have fucked the economy with our unrelenting greed, wastefulness, and short sightedness. The idea of America as a financial superpower comes to a complete end in 2008. This time next year the world will look a lot different from where we're sitting.

lol you think this week was rough on your 401k, wait until China drops the USD as their reserve, and then every central bank on earth races to follow suit. People with hundreds of thousands of dollars cash in the bank are literally going to be smashing their kids' piggy banks looking for a silver dollar to feed their families with. We used to laugh at Russians who had to bring a wheelbarrow full of cash to buy a loaf of bred. That is exactly what is in store for the USD. I'm sorry but everyone who didn't see this coming is a damned fool.

Maybe once we rebuild the economy under China and India's "Marshall plan" for us, people will remember not to take financial advice from talking heads on TV networks owned by ultra rich guys who want you to be poor. A lesson hard learned but thoroughly remembered.

What did you guys expect would happen when we stopped disclosing how much money we were printing (m3 reports, I believe they used to be called), and stopped caring about actually having the money we were spending? Did anyone even care about these things when they were happening, or was Survivor on that week? Something tells me people will start caring now.

I put all of my savings in gold in 2002 and I must say, I am way, way smarter than almost every other human being I have ever talked to, read, or seen on television. Personally I can't fathom how even a semi-literate troglodyte could have missed this inevitable conclusion. I suppose we're all just propagandized from birth to believe that Amerika is perfect and whatever our leaders are doing must be in our best interest. It was so stupid I almost don't feel bad for all the people who are going to be loosing their savings.