Capitalism, Sustainability, and the Possibility of Global Collapse

I think that we will see an incredible surge in the stock market this week, especially after Obama "wins" the election.

Here is the good news. The stock market, despite what a lot of you folks believe, is still subject to the whims of thousands still willing to make market decisions for their own best interests - not do what they are told to do. Obama's victory, hyped as the presidency of change, will inspire those who can make their own decisions to be calm, keep their money in certain U.S. industries (yes, we still have some), and wait till January to do anything of any significance.

Here is another bit of silver lining to the coming months. If you have the money, buy property. Be smart about it. Don't sign a lease for space at the local failed strip mall. Buy property. No matter how miniscule the gain, it will be a gain nonetheless. Afraid that the bank is going to default on your twenty grand in savings, and that FDIC - although mandated - will fail at the exact moment you need it to work? Got a savings invested in useless 401ks? Buy a hunk of ground - put your money in hard land. Gold mongers will tell you different, and you can bet, they will have all kinds of advice on how to get into the precious metals market. Anywho, if you are looking for something to put your dollars in before dollars become worthless, and will hold its value (or considering the current real estate situation, only increase in value) for years to come, go buy land. You can either A: resell it at a profit in ten years, B: resell it and break even in a few years, C: live off it for now, sell it later for a profit, or D: keep it forever, live off it, and love it - passing it on to the next generation and learning where you come from in the process.

Buy land, not gold.

Just a thought. I'm willing to listen to reasons for why I am wrong, as long as those reasons are researched and knowledgeable.

What do you think?