"

This situation is far worse than ANY of the mainsream analysts admit it is. A system that relies totally on money which comes into existence as the "flip side" of new debt is doomed. It is doomed at the point where both creditors and debtors begin to flee from it because they fear that it has already been debased beyond the point where any return will compensate for the risk of default. We are getting very close to that point.

That is why NOBODY who runs the system or depends on the system is game to open up any avenue of discussion about the nature of what underpins the system. Any and all means are being put into play to avoid a debate on the nature of the money. The longer this lasts, the more the pressure will build up UNDER the Gold price. And when it ends and an examination of the nature of the system cannot be avoided, the pressure will ratchet higher with possibly astonishing rapidity.

Those in charge of the system are well aware of all this. That is why JP Morgan is reportedly trying to sell options to a set amount of Gold production in future for cash up front while continuing to short Gold "paper options" on the futures market. To the extent they can, the powers that be are still trying to control the Gold "price (as they have always done) by means of trading paper claims to Gold. But at the same time, these same powers that be are scrambling to obtain control of as much physical metal as they can."