[Axeman]

Good thread Wayne, and yes you were right on. I saw the bubble forming, got out of my house, moved most of my savings to Europe and bought some foreign currency, some gold/silver. I predict a dollar collapse, unemployment in the 30-40% range, a depression that will last through 2023, hyperinflation, food shortage, civil unrest and possibly martial law or a civil war in the US. We cannot compare the US to 1990's era Japan. They are a creditor nation, with huge savings rate etc. We are the largest debtor nation in the history of the world (think about how big that is). We will never be able to repay our debt to China, Japan, Saudi's etc. We're adding over $1 trillion in deficit roughly every 15 months (probably more now that Obama is in the house). We got into this mess because of decades of borrowing money and spending it on worthless stuff (SUV's, vacations, home remodeling, I-pods, big screen TV's etc etc). This whole system was basically a giant pyramid scheme if you think about it. As long as people buy "stuff" the system functions, the minute they stop buying, it collapses. We can't get ourselves out of this by spending even more and going further in debt, it's basic economics. So the government bailouts will not work. These are my predictions! An I agree with Wayne, I'm not only keeping the P-cars, but will buy more with the deflation.