Cramer melts down, II.

... however, as readers of this blog know, Federal Reserve chairman Ben Bernanke and company, in addition to those such as feminists and others that demanded and received massive social spending programs, are the REASON why we as a nation are in big, big trouble.

However, don't despair!!

I cometh with a hedge. Please understand however, that one should always consult their financial advisor before making any moves; and I have no personal interest in any company or group mentioned below.

A) You might want to consider diversifying your portfolio and adding Gold and Silver to your holdings. I found an excellent site that sells said coins here.

The following two proposals should be adopted by our oh so wise government leader types:

1) Keeeeel the Fed, and adopt a Gold and Silver monetary standard! The sooner this happens, the less government spending and credit we will see, and the sooner that the people can adjust and get their groove back.

2) Adopt a flat tax, such as the idea proposed by the peeps at FairTax.org.

Not only will the people benefit, but Business will too, making American industry competitive and viable again, and at the same time, reducing the tax shield incentives that make debt so attractive to many firms.

Not to mention the intangible benefits from eliminating such unhealthy and destructive programs such as Child Support and Feminist related junk spending.

Debt is ok, and at times, necessary. But the massive debts and spending that both government, business, and consumers incur due to reckless spending will be ruinous to us all in the end.

The prospect of said ruination is probably why a man that I revere as a "god of trading" completely flipped his wig yesterday. He knows better than most Joes about what will happen if the Fed doesn't intervene to prop up the house of cards the central bank created in the first place.

In summary,

We live in changing times. Play your cards right, and you can come out ahead. But don't put too much faith in "the system." Too many people will be burned that way, but you don't have to be one of them!

Kumo out.