[MarcoPolo]

We wouldn't have to freak out at all if we would simply correct the mistakes and stop doing the wrong things that we've been doing in our financial system for years. As it is, people do have a reason to kind of "freak out" because it has become readily apparent that not only is our government and system NOT going to correct their mistakes but rather are determined to make more and worse ones from now on.

It's my view that we will see an attempt at either real globalization of our economy (joining with other countries under a single international regulating body) or a full-on power grab by our government over its people in order to raise the funds needed to stay in power and pay for the awful debt it has so foolishly incurred. What's it, 10 trillion now?

I could suggest people buy gold, but then I think our government won't be too long in declaring another 1933, where it became illegal for all U.S. citizens to buy gold. Frankly, I would have to say invest in stable foreign currencies. That may be the wisest investment move one could make at this time.

[eyedigress]

The package and repackage of thousands of crap loans cost Europe and Asia alot. It was a pyramid scheme of highest proportions. America falls down as the money stops. It will come back but the greedy damage is done.

[SatinDoll]

Yes, it became illegal to own gold, but not gold jewelry. The government would never be stupid enough to come become between a woman and her earrings or charm bracelet.

There would be a really nasty revolution over that!