The worst is yet to come.

Well, as follow-up to the last post, it appears my procrastination was a very big mistake indeed. Bear Sterns essentially went bankrupt this weekend. The US central bank (Fed) paid JP Morgan to buy Bear's rotten carcass.

People quietly snickered at me when I emailed a couple years ago that peak oil would coincide with a global economic meltdown. Where is oil now, $110/bbl? Saudi Arabia peaked it's oil production two years ago. No coincidence.

The Fed cut interest rates AGAIN this weekend, proving it cares nothing about inflation, even though its primary purpose is to maintain price stability (not bail out Wall Street fat cats).

Trust me folks, this is about to get really bad. This March the U.S. government stopped publishing economic stats "due to budget constraints". The website was listed as a best of the www by Forbes. This is too much of a coincidence. They don't want us to know how much money they are printing etc etc. Just like when they stopped publishing M3 money supply stats.

Get ready folks: Inflation, recession, collapsing stock prices and US$. The worst is yet to come.