The Great Crash of 2007-2008

This article is quite revealing of the troubles that we are facing.

The causes of the M1 decline are two-fold. One is the weak purchasing power of American consumers, at least half of whose decently-paying manufacturing jobs have been eliminated by the outsourcing, mergers, and productivity improvements during the past two decades. The other is that while many of the U.S. corporations not connected to housing have been doing all right, their success has been tied to overseas investments and sales, such as GE and GM who are heavily invested in China.

During a crash, when every man is for himself and the odds are down, if you haven't fully prepared to survive at least 4 years on your own while everyone else is dying, and you turn up here looking for a hand out, there will be an exchange of heavy metals ... either you will pass over gold or silver or we will pass over lead.

It's that simple ... during a crash gold talks ...