By all accounts it appears congress is not too impressed by the bail out detail ... the hardline democrats see a big bill for the avg Joe, and the republican's see it as interfereing with free markets.

The democrats have it right .... and the counter arguments of a dire result if it isn't passed ... is about timing ... everything is in place for the dire consequences ... and the republicans ... I mean the Bush's Cheney and whoever else is in the inner circle (and those pulling the strings of thst inner circle) are trying to to buy time and at least be able to say if we had stayed the course ... all would have been well.

Congress made the grave mistake of acting expeditiously with other lies from this group ... you may remember the weapons of mass destruction that Saddam was purported to have.

In any case what is done is done and the future is amazingly clear ... the potential of a soft landing is probably over ... too many giants are dead or dying .... those who invested in such assets will be affected and that does mean main stree with the investments government and pension funds have made.

So how do us with some liquidity left build/protect wealth ...

1) Be patient ... the worst is yet to come ... the bargain level wil be greater

2) Become more liquid in non gold/silver related assets.

3) Physicalize your gold silver assets ... either bullion/coins or bars, or mining companies that produce and have positive cash flow ... the increase in the price of gold/silver and the increase in profit for producers is the only worthwhile form of leverage these days.

4) Expect the worse

5) Remain nimble and do not fall in love with anything .... even the best money makers eventually wither and die

6) be very selective regarding what non precious metal stocks you hold .... I remain convinced in the value of this spectrum and the potential of this investment ... but you must have staying power and there is still substantial risk that it like so many other things will go down the drain.

7) Pull investments out of money market funds ... all the canadian companies are peanuts in size ... if so many of the giants in the US go down, it is likely the CDN ones will as well .... it is not likely they will actually return anything even if they survive so why take the risk at this time.

Make no mistake ... this is the biggest financial crisis at least of our time and likely for 4-6 generations and beyond. There is no way out ... so it is all about survival.

GLTA

Orgy