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THOUGHT FOR THE DAY!

"I am strongly in favor of using poisoned gas against uncivilized tribes. The moral effect should be good...and it would spread a lively terror.... "-- Winston Churchill commenting on the British use of poison gas against the Iraqis after World War I

 

Crisis mood sweeps world; Dow at 4-year low, oil slumps

The global financial crisis deepened Monday as U.S. and overseas stock exchanges plummeted amid eroding confidence in the world's banking system. Countries big and small struggled to contain a widening panic among both investors and depositors.

Comments

This is good news.

poorrichard

When the stock market drops, it means that the gamblers, and speculators (using other peoples money) are in a losing streak..

But it also means that the people who save their money, perhaps not in banks, but in other ways like saving copper wire,, saving zinc off of old boats.. Saving silver solder shavings, saving platinum off of the catalytic converters in automobile junk yards.. collecting 12 gauge shotgun shells is a good investment.

Saving.. is the ticket.

Saving dollars in the banks is out! They will seize your paper money... and even if you keep it.. It will be worth nothing next to copper, zinc, nickle, gold, and platinum
and anything else that is worth something.. like corn, carrots, fish, beef.. and ham.. Yummie, I like ham.

If it ain't something you can eat, drink, or burn. or barter.. It ain't gonna be worth much. In the new future.

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