Reply #1: That won't save them in the long run [View All]

[Warpy]

unless by some miracle we get leadership in both the Executive and Legislative branches who are smart enough to take the unpopular steps necessary to stave off a Depression.

Even then, I doubt anyone has the ability to do that. The funny money market that most financial institutions are counting as their main asset pool is overdue for collapse, and I'm talking about hundreds of trillions of dollars evaporating into thin air.

When it happens, it will be worldwide. There will be no place to hide, although Mr. Buffett is likely to have enough to sell and barter to get through it quite nicely.