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2008: Looking Back
"The big question of 2008 is 'Where is the money?' It just keeps disappearing. There was $4 trillion plus that disappeared from the US government between 1998 and 2002 along with the pump-and-dump of the Internet and telecom stocks and Enron. Since then and into 2008, funds keep disappearing into the Afghanistan and Iraq campaigns. Now we have $700 billion in bailouts and $7 trillion plus in loans by the Fed, not to mention the $5 trillion in mortgage market liabilities assumed by the Federal government with the passage of the Housing and Economic Recovery Act of 2008. The fraud in the US mortgage bubble was clearly enormous. But, where did all the money go?"

Traditional Portfolio Strategy—Are You Kidding?
"It is difficult for me to express how upset I am with investors being misled by traditional portfolio strategy. Let me state for the record: there is no such thing as a diversified portfolio when most stocks and bonds represent companies or municipalities that are dependent on federal government funds. In addition, there is a difference between a traditional business cycle and a financial coup d'etat."

Financial Coup d'Etat and Your 401(k):
"I began hearing questions about whether it was safe to leave money in 401(k)s and IRAs late last year. These questions were due, in part, to a report in the Carolina Journal that floated the idea of federally-managed retirement accounts. And there were other concerns: the ease with which financial interests have manipulated Congress, the passage of the highly unpopular bailout package in 2008, and the growing federal deficit. These issues have raised the possibility of greater financial losses in 2009, increased capital controls, and possible constraints on 401(k)s and IRAs."