[GodGunsGuts]

If you haven’t already, I encourage you to read the entire article. This thing is much, much bigger than the mortgage meltdown. Derivatives have infested just about every aspect of the financial markets and now represent (according to Das) 802% of GLOBAL GDP. The sheer size of the financial tidal wave heading our way is unprecedented in both its size and scope. If this is truly the case, it’s time the average Joe began learning what he or she can do about it.

[dennisw]

If it’s that bad then buying precious metals (gold) via a gold mutual fund in Fidelity or Vanguard won’t even cover you. Because these fund families will collapse. Or buying gold mine stocks. What you want is physical gold and some silver coins. Some paper money too. This is real survivalist stuff

Must read is “Reckoning” http://www.amazon.com/Great-Reckoning-Protecting-Yourself-Depression/dp/0671885286
They make a great case for us being unable to use inflation to get out of such a mess

[dennisw]

Funny how the big guys got all these bankruptcy laws passed just in time for this sh!t storm