Individuals have been betrayed on a colossal scale and must defend themselves by exiting all assets and hunkering into cash. The betrayal lies at the feet of bankers, politicians, military brass, and corporate chiefs. By the way, cash is prescribed in that perfectly crafted document called the US Constitution. Gold & silver are the only forms of money that can legally satisfy debts public and private. Those who believe that the US Dollar will prevail and survive this turmoil as the global reserve currency are precisely as incorrect as those who believed the US banking system could survive the mortgage debacle as it unfolded. We are witnessing a long slow drawn-out death experience for the US Dollar, liquidation of the US Economy, to be followed by a default by the US Treasury Bonds. During the panic phase, the response in the gold & silver prices will be profound, with advances to date only a prelude to a march to $2000 gold and $50 silver. This article is an excellent map of unfolding events in this massive economic disintegration.
Most models are predicting a correction, but then there are mitigating factors like Warren Buffett offering his opinion of the negative situation becoming a worsening prospect, and you wonder - "Do I really want all that money in banks, what, with the Federal Reserve wondering if they have the funds to cover bank failures?" If the Treasury steps in and prints more money to assist the Fed, can you imagine the inflation?
