The U.S. financial and economic developments look like a remake scenario of the prewar developments in Germany.

Attempting to resolve an insurmountable debt situation with massive more debt, one cannot pay off debt with more debt, with no plan to ever reimburse or come to balanced budgets on external trade and tax deficits, the tax income leaves no room to even pay the interests or going expenses at the present rates, who is or will be paying?

In addition to the Exchange Traded, the OTC derivatives 683000 billion liabilities with no acceptable solution, too much collateral damage, inverted pyramid leveraged bets still growing at 15% unabated in the 1st half ’08. Can or should the counterparties, the financial institutions to these bets be kept afloat? Current measures are a drop in the ocean.

Regulatory and other institutions in symbiosis with the administration and financial entities lost sight of the nation and common citizen interests.

The administration in collusion with select entities e.g. JPM, GS and those controlling these entities enriching themselves beyond belief through systematic insider trading, using dark liquidity funds and naked short selling to the detriment of the social welfare and interests of the nation and serious planetary implications. Naked short selling grown too big to resolve, too much collateral damage to the well connected even with grandfathering.

Mainstream media without independent investigative journalism, voicing the party line to project “perceptions” as the perceived reality to the population.

The Administration and its authorities e.g. regulators not challenged, stopped or restricted by Congress on obvious misconduct, bypassing their mandate.

The interests and civil rights of the common citizen being ignored and constantly further restricted e.g. investing abroad, patriot act.

Constitution and International law put on hold (e.g. Guantanamo).

The necessity for the police, military, enforcement rules and agencies to be ever more present.

The founding fathers had another vision for the land of the (once) free. Where will all of this lead?

How to boil a frog, 1st stage a managed Weimar solution? Apart from agricultural land, precious metals look like one of the few purchasing power protection options available as long as it is still legal.

Good luck to all!