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To: mountainlion; ovrtaxt
"I think that we will have another bank melt down or two in about 5 years. I think the fed will eventually go broke and relieve us to the national debt. I think the next bank disaster will be the collapse of the derivatives."

It seems more immediate. Read this:

Great Depression 2009 Follows $30 Trillion Deflation

18 posted on 12/26/2008 7:54:28 AM PST by blam
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To: blam

Look on the bright side. The Depression of 29 fostered some of the greatest songs I’ve ever heard. Maybe it’ll dump all the current crap music and bring back talent.

Buddy can you spare a dime.


35 posted on 12/26/2008 10:12:14 AM PST by Beowulf9
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To: blam

One of the best deflation briefings. Strong dollar and deflation

http://www.moneyandmarkets.com/gala-issue-biggest-sea-change-of-our-lifetime-3-28912


38 posted on 12/26/2008 10:57:48 AM PST by dennisw (Only when the tide goes out, can you see who has been swimming naked -- Warren Buffet)
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