Wednesday, October 8, 2008

What's Going On?

Banks aren't lending to each other. LIBOR is a farce set to minimise derivative exposure, cash rates are not reflective of reality and the DOW on 5 times earnings is about Half of where it is currently. The best things to own right now are tins of food and weapons.

So what to do?
Sell everything that has a large debt component that needs funding. Purchase Woolworths (maybe) and convert the rest of your assets into gold and or non perishable food. It's all over folks. It seriously is.

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