How much more time is there, and are you ready to brace for impact? If you haven't set aside plenty of back up funds, and diversified them in the cash-under-the-mattress account, and the hidden/buried/stored gold-and-silver account, then it is well past time. But until the whole thing crumbles, it still isn't too late.

Global Stocks Continue To Crash As Oil Plummets And Gold Skyrockets

by Michael Snyder

Stock markets around the world continue to collapse as this new global financial crisis picks up more steam.  In the U.S., the Dow lost 254 more points on Thursday, and it has now fallen for five days in a row.  European stocks continued to get obliterated, and financial institutions are leading the way.  But this week what is happening in Japan has been the most sobering.  After falling 918 points the other day, the Nikkei plunged another 760 points early on Friday.  The Nikkei has now fallen for seven of the past eight days, and investors in Japan are in full panic mode.  Overall, global stocks are well into bear market territory, and nearly 17 trillion dollars of global stock market wealth has already been wiped out.