Just finished reading an article on Drudge about the Fed handing out over 2 trillion to banks without any transparency.
I truly believe that the people have been sorely mislead about just how bad the financial situation really is. I believe within the next few months the “elite” will not be able to manipulate the stock market any longer and when the truth be known, all hell will break loose.
I’ve pulled about 50% of all my cash out of banks, markets and other investments and will use it as insurance if this scenario plays out. The only downside is if inflation takes off due to the red-hot money printing presses now in operation.
I’ve thought about getting out of stock as the market will crash; but can’t go cash or bonds because the inflation will go nuts.
Looks like gold might be the only option, but my guess is that 0bama is going to stop that by resurrecting the 1933 moratorium on private ownership of gold, and setting a “market price” the government will pay to take it off your hands.
Between environmental restrictions, trial lawyer lawsuits, fat corrupt labor unions, illegal immigration, market disaster, confiscatory tax policies and massive government “redistribution” schemes, it’s not going to be pretty. This is toxic elixir of policies that would destroy the most robust economy.