Knowledge Is Power

Okay folks. You know, I'm not one to hop onto the bandwagon of whatever latest "conspiracy" theory is running rampant out there in internet land.

However, I think most of you are quite able to see that our economy is in a shambles, with no end in sight of the slow bleed that seems to be taking place every day. True, many of us are still able to go about our day to day activities without a significant impact other than our 401k being lower than we'd appreciate.

But others are feeling the pain - and it is getting worse, not better.

So, I offer for your urgent reading the following links. Remember, knowledge is power and we as individuals simply must read and understand where things have been, where we are now and where they are going, and we need to know it quickly, for time is of the essence.

Read these links in order and form your own opinion. Feel free to come back here and share your thoughts.

~1. From the Market Ticker: Our Tier 1 Ratio Is Strong - this was written on Friday, 27 Feb 09, by Karl Denninger - who just won an Accuracy In Media Award and AIM's 2009 Reed Irvine Award for Grassroots Journalism. Read and understand this one - then move to:

~2. Straight from today's headlines on FoxNews: World Markets Fall on U.S. Slump, Bank Woes

~3. Next is another from Market Ticker: The Challenge Before America

As I said, feel free to share your thoughts.