"If I understand him correctly, then, at some point down the road, the stuff will hit the fan, and just about everything, including PM's, are in trouble. Bottom line, we'd better be on the lookout, and be ready to take action quickly if all of a sudden, defaults start to happen and the world runs out of QE bailouts."

When the "stuff hits the fan", I think it will look like 1981. Remember when Volker raised Interest rates up to 20%...like that only worse this time. Reality will prevail when interest rates are finally raised to any REAL level. The cascading interest payments will "break the bank"...that's why they're trying to keep rates low now. I think that U will see cutbacks in WAR, Pensions, Medicaid, all government spending, and heads will be rolling...U will know when bankers start jumping from windows instead of taking bonus checks to the payout window. It's QE that keeps interest rates at 0%. When QE stops completely, the ride is over.

You're correct. Gold and silver fell very quickly from that blow off top in 1981..scary.

Just remember...Gold goes down when REAL INTEREST RATES turn positive.

This is what I believe in anyways.

lp,

gildage