why i am scared $hitless

[fishpoopoo]

$2 trillion of subprime loans made from 2002-2007 is ... a drop in the bucket compared to ...

$62 trillion (notional) of credit default swaps in the U.S. alone

$1.3 quadrillion (notional) of global derivatives contracts exposure

I think the $700 sub-prime mortgage "bailout" package is going to compare to a total estimated cost of $5 f*cking trillion when all is said and done.

I woke up this morning and literally puked meditating over this.

I wish I was joking, but I ain't.

If you have the means, I would urge you to start acquiring physical gold coins.

And take steps to open up a Swiss bank account denominated in Swiss Francs ... not increasingly worthless U.S. dollars.

Before the rush when everyone starts to panic.

If I'm wrong, and I hope I am, then the worst you will have done is to be prepared.