'09 Predictions: Saving Your Financial Neck

The issue, my dear readers, is not how bad things get in 2009 but how prepared we are to deal with them.

I am realistic enough to know that 2009 doesn't look very good politically and financially. But I am optimistic enough to know that the prudent ones can prepare for what's ahead and act accordingly.

Financial survival will be the key in 2009.

Karl Denninger, financial guru, made the most accurate predictions concerning the economy in 2008 with a near-perfect record. He has assessed where we are and where we are headed in 2009.

And he has some highly valuable words to the wise concerning how to deal with it.

Here is Denninger's assessment of where we are and now we got here:

In short, essentially nothing positive has been done and a lot of damage has been inflicted on everyone in America out of hubris, fraud and avarice.

We now are "discovering" what I have written about for more than a year first-hand - the so-called "growth" over the last seven years has all been a fraud, instead being nothing more than additional debt. Ponzi-finance has taken over every area of our economy, from government to private business, and has run to the natural limit of "the greater sucker", now leaving all of the people beguiled and bedeviled exposed as the naked-swimmers that they are.

There has been zero push for accountability and truth throughout the system. Not among our so-called "leaders", not among the bankers, not among the political or economic elite. All are focused on trying to keep the impossible going.

Denninger outlines what needs to be done on a national scale and what we as individual citizens can do to protect ourselves from financial ruin. Read the entire thing at Western Rifle Shooters Association.