I absolutely agree with Adam Smith.
I see the media is now interviewing almost nightly now, the only presidential candidate who clearly predicted this mess, Ron Paul, an advocate of consitutional money, and the person the Federal Reserve fears most. He is the only one who ever takes on Helicopter Ben Bernanke or Alan Redspan in Congressional Testimony. I applaud that man, and now the Media from Fox to CNN has apologized to him for pushing him off and not giving him airtime during the nomination process. Its amazing even the bought and paid for Neocon Dems and Repubs are turning to Ron Paul for advice as their banking establishments collapse aloing with their retirements, I am absolutely amazed. Our local bought and paid for republican chairman even said he is going to write in or vote for whomever Ron Paul endorses. And that guy was installed by the party, he woke up. Shocking....Don't buy what the media is pushing you for candidates, Globalist Obama for choice 1 or Globalist Mccain for choice 2, they are SO mediocre in attitude, demeanor and intelligence. What ever happened to real leaders? They are not wanted by the establishment, as they become popular and powerful. We are only allowed mediocrity. Laurie

Quality is always rewarded and always wil be rewarded. Quality would need to disappear for a depression to occur. You need to love quality and the junk can disappear and not fast enough. Nobody wants toxic asets just like a mom doesn't want toxic milk for her babies. Nobody with market sense would sell toxic milk for babies. That's communism and socialism for you. Market sense is common sense.

It was the move AWAY from free markets that caused this current derivatives crisis. The free markets were decimated with the creation of the Federal Reserve itself. Where is a central bank authorized in our constitution ? Its not, that is clear. This has not happened overnight, but regulation ALWAYS favors one side over another, the Federal Reserve Act favored the banks and pushed common sense to the side as leveraged derivatives were spewed upon the world with the promise of incredible returns. It was only until now did people finally figure out that they have invested their life savings into a ponzi scheme doomed to failure from the start. One can't continue to print money, back by nothing but debt. Scams like that only have limited life spans, and you are witnessing the end of Fiat Currency as we know it. Whether the powers that be will act irrationally and continue their diversionary terrorism to cover up this problem is yet to be seen. Hopefully they will come to their senses and realize that they have children too, and breath the same air as us all. Creating artificial enemies and disasters to vanquish is getting to be a very old game and people are starting to catch on to the trick, so knock it off banksters, you know who you are. Bring the troops home and why don't you get real jobs like the rest of us.

Don't let the market fool you.
The market has a psychology just like any person does.
For instance. More recently, when George Bush was elected in 2000AD, many big companies pulled back just slightly, until one lead to another and another till half way through we're all wondering what now?

That particular pullback was most likely due to George Bush being untested vs. Al Gore being, if elected more inclined to keep the economic principals of Bill Clinton's administration intact.

What's more of a concern to me now as a USAmerican, is the seeming Containment Circle going down on the US from other States.

Russia has expressed interest in becoming more friendly with Cuba and presumably re-establihing a Cold-War Relationship. And China, always designated as just a friendly adversary anyway getting involved as close to our borders as Costa Rica where it has recently invested $US500million into a project there. Again today, Russia has invested heavily in it's relations with Venazuela in an oil and military arrangement.

No one in Washington DC has stepped back and said
"What's going on here"?
Why, first everyone is too busy minding the elections. Second the financial crises. And third
no one seems to understand that the World can take only so much of US bullying, prosylitizing and condemning.

So once and for all the governments of the planet, or certain governments have said "enough is enough".
"You Americans have become to much a problem."
"Your relations for instance with Israel and your inablilty and unwillingness to insist that Israel make peace and create the State of Palestine and resolve the Capitol have created 75% of the world's State to State problems."
"You continue to tell everyone else what to do and insist on a UniPolar World."

Can't we as USAmericans see that this is not working out. In the 233rd year of The United States
remember that "E pluribus unum" can also be interpreted "From many States on Earth, we are a One Planet"
Meaning , the Sum of the Parts must benefit the Whole.

"So that's that."

Welcome to America, AKA Great Britain at the Turn of Their Century.

Next, what to do?
Pull back. Analyze. Re-think. Re-establish. And hopefully learn to exist within our new
self-inflicted borders. And in the future, if we do then we won't have to re-exist. As a Soverign State that is.

Regards

dePaul Consiglio

It is frustrating, but we will ultimately prevail. Markets always do.