A screaming alert to the wise

Bernanke is now joining Rosenberg, Ferguson and Faber, Edwards, Grice and many others in warning that the debt crisis rearing its head in Greece may spread to America, causing  U.S. interest rates to climb.

As the Washington Times wrote yesterday:

With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States could soon face a debt crisis like the one in Greece, and declared that the central bank will not help legislators by printing money to pay for the ballooning federal debt.

Recent events in Europe, where Greece and other nations with large, unsustainable deficits like the United States are having increasing trouble selling their debt to investors, show that the U.S. is vulnerable to a sudden reversal of fortunes that would force taxpayers to pay higher interest rates on the debt, Mr. Bernanke said.

"It's not something that is 10 years away. It affects the markets currently," he told the House Financial Services Committee. "It is possible that bond markets will become worried about the sustainability [of yearly deficits over $1 trillion], and we may find ourselves facing higher interest rates even today."

I know I repeat myself, but THE SKY IS FALLING.  Some ideas, please add any:

1.  Get out of all bonds, anything that has a fixed dividend.  Just do it.

2.  The market and metals will go down when interest starts.  Eventually, metals will return to favor.

3.  Buy all the stuff you can, now.  If you are not scared, but on a fixed loan.  Even a fixed home mortgage will be an investment, as long as you can pay it.

4.  Get ready to grow food, might as well get into it.  If you can store food, buy it now.

5.  I think there is another clunker for crap program, to buy energy equipment.  If you need anything, get it now.  Get the clunker benefit, beat inflation, and lower your energy use.

Any ideas?  

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Note the Washington Times reported on this.  Where are the leftists?  What are they thinking?  We can ignore reality and make Obama look good?