it's not too late to buy gold...

It is rare you can trust a politician in Washington in general and virtually never when the economic indicators are heading south (and for presidents this tends to go double).

So it is refreshing when Korean President Lee Myung-bak is candid in how things look for the future:

President Lee Myung-bak caught the spirit of unease, if not incipient panic prompted by the plunging won and other signs of economic turmoil yesterday.
¡°We are only in the beginning stages of a crisis. It¡¯s totally impossible to forecast the world economy,¡± Lee said prior to a meeting with the Ministry of Knowledge Economy yesterday. ¡°I think, maybe, a world economic crisis is just beginning.¡±
The numbers backed him up as the Korean won yesterday dipped below the psychologically crucial barrier of 1,000 won to the dollar, the lowest level since December 2005, after falling for 12 straight days.

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