[blam]

"And in that scenario, gold is still a solid investment and so should be a core portfolio holding.

I'm in agreement.

"There's no peaceful way back from here."

[dennisw]

John Paulson could be lying but he said 80% of his investments were gold and gold related

[DrC]

Actually, eliminating our deficit is not that hard:
http://online.wsj.com/article/SB10001424052748703989304575504221128887634.html

All that is required is some cojones inside the Beltway. The elections of 2010 and 2012 provide an excellent opportunity to elevate the testosterone level in Congress and the WH.

[RobRoy]

>>”There’s no peaceful way back from here.”<<

No matter how we get out of this, that statement will hold true. I am amazed by all the links and articles I’ve read that discuss the economic ramifications of everything going on but they ignore the 800 lb gorilla in the room. As I was arguing with JasonC and some others here a couple years ago who said that a collapse would just mean more investment opportunity, I told them their “post collapse investment strategy” might hit a snag if Wall street is a sea of radioactive glass.

Desperate times call for desperate actions - by people AND countries. Just read a history book.