Reply #13: I am looking [View All]

[.... callchet ....]

for some idea of what is going to happen and what sort of changes are going to come about. I have been describing and predicting this financial

situation on my web site for years. There are going to be some drastic and dramatic changes to effect a recovery and to pay for it.

The biggest problem we have is the debt we have now that we didn't have in the '29 crash and ensuing depression. There is no money to pay for this

recovery. We as a nation have no industry to speak of. The only assets we have are in the market. in savings accounts and asset holdings. The market

as it is is going to suffer the most with new regulations. The market will start to come closer to banking finances and banks will come closer to

fully asset backed loans. I am trying to see the future for the market based on what the market has to offer as a value industry. I don't see

anything good for the market. There is a strong and powerful contingent supporting the market as is as well as opposing a government financed

recovery. As there are government assurances for savings, there will have to be government backed assurances for the poor and unemployed. As savers

have to have faith in the banking system so will the rest have to have faith in the country. I am telling my friends to buy gold and put it in safes

in their homes. Solutions will have to come from obscure non relevant sources. All troubled resources speak only to defend their position.