Situation Dire

Today financial markets are in state of total disarray. Technical analysts are predicting 2,500 gold as the dollar declines in the month to come. Tremors on Wall Street have accelerated the drop in the dollar overall while a crisis of confidence causes total global economic collapse. We see a global economic depression affecting the amerozone, eurozone, and rest of the world.

Inability of world leaders to prevent the demise of financial institutions will further undermined confidence to the extent that people will lose faith in the dollar. Trillions of dollars used for a bank bailout will cause further inflation as the fed in a move of utter desperation attempts to pump liquidity into the financial markets. As I have said before our situation is dire. Federal regulation of our financial markets can only be classified as an unmitigated disaster. The lack of fiduciary responsibility by our financial institutions has plunged us over a precipice.