Listening to all the reports. We are not far from the bottom dropping out of our economy again. We are a nation in debt both individually and corporately. We have more stuff than we have capital. Stocks are still over valued, ethics are questionable at best, people are defaulting on all loans at record levels, but particularly alarming is the real estate default rate. Some would say that the only difference between 2007 America and 1929 America is the FDIC. This is major difference and the assertion is an oversimplification, but if I had money to invest I'd be putting a chunk of it in gold... and precious metals... My best guess is that is all going to end in the next five years... Another reason not to trust mammon...
P.S.
This is another good reason to keep the war going , it props up the economy a little longer and keeps a few more people employed. Not to mention keeping our focus off of what is really going on.
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