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