I just stumbed upon another blog, it's kind of anti-Golem, but a little more cheery, and just as well written.

http://dharmajoint.blogspot.com/

Alas, this is the extent of my economic expertise but I enjoy your insights into the belly of the beast. Why are the mainstream economics commentators afraid to say this stuff? Surely, they must understand it? So why the silence. The only person I've heard was a guy on radio 5 who called out Goldmans as liars with blood on their hands (in relation to Greece), and he was summarily curtailed.

Please at all times keep in the forefront of your mind while reading here that I am NOT an expert and NOT any kind of investment advisor.

On the basis of fundamentals this situation should not have lasted this long. It has simply because we have poured, no stop, new money into the black hole of debt-backed asset destruction. As long as we do this we can keep a falling man suspended in mid air. As soon as we stop he will fall to his certain death.

On the one hand we have China liberating $2T in US debrt back into the market. On the other we have the Euro being hollowed out till it is worthless.

If I could give you a date I would be a wealthy man.

I am not.

Keep you money out of any markets. Get an allotment. For sanity as much as food.

Gold too late. SIlver? If you're brave. Just remember the Chinese can move metals with the touch of a government pen.

how long will this worst (or is it, actually, best) case scenario take to unfold, do you think?

And what should an average Joe, with a few quid in the bank and a young family, do with his buffer savings. Gold? Baked beans?

Jon

ps this is GREAT blog.