GWR,I agree on many points.

It has been kick the can down the road for a long time.

On QE, the politicians never want the recession while "they" are in office. But that has been the problem since Roman times.

Clip the coins, print more money, but base mettles in the coins...it has been done in so many ways.

The founding fathers laid out a very good system to keep the value of the currency. From 1800-1900 the country had mild deflation. It protected the savers but making the purchasing power of their saving greater the longer they held them. The was the genesis of the creation of capital that made the US the powerhouse it was..OK that and an endless frontier and vast natural resources.

But once the bankers got hold of the currency and decoupled the value from gold and silver...they could print money, lend the fraudulent currency and make vast fortunes from the interest on the debt.

But once the debt level is saturated...you have a debt crisis and a solvency crisis.

That is what we have now....deflation of the assets because there is no one left to lend to. The banks have stopped lending and asset prices are collapsing.

The only way out...for the short term is QE to infinity.There is no plan B. There is only pretend and extend....and MOPE.

Jim Sinclair is correct..as is Armstrong.... This is it.

That is why I'm out of debt...and into gold and silver....

I just hope my small gold and silver companies can get to production in time...it's a race to the collapse....I also have some oil interests. If inflation happens, they will do well.

I hope to buy a farm in the late summer of 2011 paid for in full with my gold and silver profits....at the bottom of the real estate collapse...or near the bottom.