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Today I am as nervous as a whore in church. I can see everything slipping away. I can see that my liquid position in the financial markets is under pressure, and is GOING to go even lower. I can see my RE (home) value has declined severely and is virtually unsaleable in this market and my Spoons becoming unsaleable before my very eyes All this at the same time. This is the perfect storm that could leave me dead broke.

The political situation in the world is deteriorating with a possible war with Iran,. via an air strike by Israelis. The question is, will the straits of Hormuz be blocked with no shipping in or out of the gulf. If that is the case one is looking at over $200 a barrel. In that sense the world economy will collapse. While the US only draws about 14% of it's oil from the gulf, it is Japan and the rest of the industrialized world that get their supply from that source. So to say the US is in the ME just for its own purposes is not quite accurate.

The political landscape in America with the possible election of Obama is precarious. The financial markets will view an Obama presidency as a disaster and the price of those assets will reflect it. Obama is seen by the financial and monetary people as being dangerous to the health of the US economy. Believe me that opinion is one that you can put in the bank.

To sum it up the world we have known for the past 63 years is changing virtually under our feet. The business as usual mantra is coming to a screeching halt here. A new dynamic which is more like that of the previous one is rearing its ugly head. The idea of continious "good times" in America is fast approaching an end. It will be back to the hardscrabble times of past generations. The Dream is over folks.

How is that for pessimism. Time for me to get a job while there are still ones to be had.