Jim Kunstler:

If central casting called for a poised, straight-talking, and capable-seeming president, it would be hard to come up with someone better than the Barack Obama who walked and talked around the White House grounds with Steve Croft on "60-Minutes" Sunday night. He may perfectly represent the majority who elected him, though, because he also appears to be in full commanding denial of the realities overtaking our American experience.

For those of you sitting on US Treasury bonds and bills, now would be a good time to get out.

See also, from Emergent Chaos:

This reminded me of a conversation I had over a beer with a banking regulator back in August 2006 or thereabouts. He reported on a IM conversation he had had with a colleague whose expertise lay in the area which subsequently imploded. After jokingly asking "Time to buy gold, huh?", there was a pregnant pause. Then came the response: "Buy ammunition".

Full Commanding Denial