Read it.

I have been marveling over the past few months how nothing has really changed. 

The government continues to perpetuate the Asset Bubble Economy while doing little to change the underlying causes of the financial crisis.

James Grant of Grant's Interest Rate Observer has been noting the truly staggering sums regarding the stimulus.  According to Grant, in the 1990-91 recession, the total stimulus - fiscal deficits plus monetary easing - accounted for 2.8% of GDP.  The 2001-02 recession, total stimulus was 7% of GDP, at the time the biggest stimulus ever.  Today, the stimulus is a stunning 30% of GDP.

In the meantime, there is little appetite in Washington to break apart the financial leviathan which has plunged the globe into the worst crisis in 80 years.

Nothing has really changed.

I own a lot of gold.