Taleb: worst period since the American Revolution?

Jas is correct that he has been "warning" about a Great Depression for over a decade. Below is his latest email reminding us of this.

-------- Original Message --------

Subject:	FW -- RE: Taleb: worst period since the American Revolution?
Date:	Wed, 22 Oct 2008 04:32:56 -0700
From:	Jas Jain

Link
Nasim Nicholas Taleb interview on PBS News hour. He is very concerned we may be on the brink of the worst crisis since the American Revolution. Yes much worse than the Great Depression even.

Wasn't some crank shouting this warning for years now? What sort of morons couldn’t see thru financial manipulators and evildoers like Greenspan and Bernanke, whose whole game plan was Pushing Debt? Morally bankrupt American dopes who couldn’t see gross immorality being practiced by their leaders. And it continues to this day.

There are consequences to allowing criminal gangs to take control of the country and breeding dopes. It will end in the collapse of the American system and nothing less.

Jas

Of course, Warren Buffett has been correctly in US Treasuries for the last decade with his money not in Berkshire Hathaway. Buffett avoided the internet/telecom/NASDAQ bubble followed by the real estate debt bubble. Last week, Buffett announced it was time to buy equities. See:

Friday, October 17, 2008
Warren Buffett Buy Signal

Inflationists Please Note: Commodities Down Across the Board (Worst Week In 50 Years)

The latest from Jas Jain
-------- Original Message --------

Subject:	Inflationists Please Note: Commodities Down Across the Board (Worst Week In 50 Years)
Date:	Sat, 4 Oct 2008 06:24:01 -0700
From:	Jas Jain

DJ-AIG Indexes	3-Oct	Week	YTD
Commodity Fut	159.017	-10.1%	-14%
Total Return	318.25	-10.0%	-13%
Energy	248.814	-9.5%	-7%
Petroleum	462.175	-12.5%	-3%
Livestock	46.355	-6.0%	-19%
Grains	55.3	-14.5%	-21%
Industrl Metals	156.54	-9.5%	-18%
Precious Metals	119.386	-8.6%	-9%
Softs	48.089	-9.8%	-20%
Gold	835.5	-5.6%	+0%

As I have said repeatedly gold will out-perform all commodities and it is a currency and not a commodity like silver and platinum are. Here is my flow chart from early 2008:

US Recession -- > Commodities Bust (WE ARE HERE) -- > Depression -- > Deflation -- > Greater Depression.

Inflationists and commodities bulls are ignorant of how the economy really and monetary policy really works. They confuse bubbles with secular trend or change. No, Fed is NOT Printing Money. It is just helping the bankers and financiers at the expense of the rest. Under capitalism capitalists rule! And gangs are in-charge.

Jas