They're on to him, finally

Two events this past week suggest Obama's days in the White House are numbered.  The first was the recall vote in Wisconsin and the second the WH presser at which O pronounced the private  sector economy was "fine".  Coming on the heels of the comfortable win by Governor Walker in his recall election, Obama's line suggests he's seriously out of touch with reality.  Presently over 23 million Americans are out of work or looking for work and in either event nothing  is "fine" in an economy producing as few jobs and opportunities as ours.  Walker's recall election victory in a traditionally liberal blue state tells all the socialists in the country that the "jig is up".  It is also clear that democrats are nervous and many have given up on Obama's chances in November..  It is amusing to watch some of the "talking heads" on so-called news program panels moving away from their previous slavish pro-Obama stands to much more  critical positions. Even the always reliable Lanny Davis, a frontline political advisor to Clinton, has turned highly negative.   Ah yes, even the rats are leaving the sinking ship.  Good riddance.  Meanwhile our peripatetic president attends fund raisers at such a clip, (more at this stage of the election cycle than both Bushes and Clinton combined!) that it's hard to keep track of his physical whereabouts.  It's usually a good bet that he's either in Hollywood with his flaky pals George Clooney, et al, or in New York where the other big money pot is, or in one of the battleground states he has to win stay employed for the next four years. Obama would do well to dust off his curriculum vitae, get some competent ghost writer to help embellish it, and begin looking right now.  This is not the best of times to have to look for work, especially if your work experience and record is iffy.

The coming collapse

Peter Schiff is above all else a realist.  He tells the world here what he thinks is coming our way in very short order, and it's not pretty.  Anyone having read any of the number of books about currency collapses in earlier times would have to agree with Schiff's prediction about our currency because causes of financial implosions are pretty much the same over and over. Typically, excessive debt creation results in excessive speculation which results in excessive creation of fiat money which results in inflation and currency debasement.  Currency debasement results in the destruction of savings and the middle class.  It appears we are somewhere around the excessive creation of fiat money stage of this cycle, about to be visited by inflation and major currency debasement.  Whether this cycle is too far along to save the day or not, we're about to find out.  A friend has just completed his own careful and exhaustive analysis of our circumstances and concludes with a series of speculative and fundamental questions everyone should at the very least be asking themselves about now.  There may be other questions, but here are his:

1).  What are the odds of muddling through this financial quagmire in Europe and the US?
2).  What are the odds of experiencing a major shock -- default in Spain or a major European country, collapse of the        
       Euro, major bank failure(s) in Europe or the US, Israel invading Iran, etc?
3).  How do we protect ourselves on the downside?
4).  How can we protect our children and grandchildren?
5).  What should we invest in?
6).  Where should we live?