Market analyst Chris Martenson made an absolutely brilliant and eloquent presentation to the Spanish Precious Metals Association's conference in Madrid on November 16, emphasizing the exponential growth of debt in Western economies amid a worsening depletion of crucial natural resources. GoldMoney's ever-adept video crew was there to capture it, and while it is an hour and 11 minutes long, there's not a wasted moment in it.

Yes, the video is really that long, but Martenson's speech only lasts 40 minutes...and the rest is a Q&A session. This is an absolute must watch...and quite likely the most important item I have posted in this column during all of 2011.