The Great Depression, Part Deux Deux
http://finance.yahoo.com/loans/article/107936/US-mortgage-backer-may-need-bailout?mod=loans-home Now, FHA is about to auger in. Let's just send them an extra half tril we don't have. In the upcoming depression, the only thing that will have value is gold and silver and other actual tangible commodities. Real things, like guns. I have been telling friends for six months now, to put at least 20% of their savings in precious metals. I am not a big advocate of actually taking possession or storing precious metals but that is not unreasonable. Why? This is a one way street. It is truly getting close to game over as the bankers steal your tangible possessions with worthless paper. Imagine a country 60 trillion in debt. You simply cannot earn or spend your way out of that type of fiscal mess with interest. And we aren't even the worst. Japan's debt load is 200% of it's GDP. So when does the dollar or the yen collapse? Apparently not yet. Hell if we use Japan as a measuring...