Pure Defect

So today in case anybody was wondering the Dow Jones closed at a level not seen since 1997, just a handful of points shy of closing below 7k and setting a frightening trend in motion. There have been numerous bailouts, totaling trillions of tax payer dollars and driving up the taxes paid by individuals each year. (my personal taxes paid will rise approximately 42%) There have been numerous predictions on where the economy and country as a whole are headed.





And without a doubt the numbers bear out that we are seeing a huge drop in the market that is continuing despite all of the bailouts and hope that President Obama can muster.



But people will keep telling you that its only temporary, that it will all be fine shortly. I've given up trying to stomach the bitter drink that is being passed around, I won't sit here and watch this mess unfold around me and keep thinking happy-happy-peace-and-love thoughts when I could be doing something important like preparing for a world where the fiat currency known as the US Dollar will be about as useful as toilet paper to a cat. How far will you watch the markets fall until you come to realize that this is not some brief trend but a full blown depression that we haven't even hit bottom in yet?