Bernanke won't let the banks fail or deflation take hold. It's getting harder and harder to prop this thing up. If he gets religion, he will also get a pink slip to go with it.

I actually think he's a good guy at heart, and there is a small chance he may depart from his own theories. But the outcry from all the idiots who no longer understand money will be too great, and someone else will do what he won't, if he has a sudden miraculous vision.

Finally, if all those banks do go under, people won't trust the banking system anymore, and they may not trust paper money, promises to pay, etc. The whole fiat empire, where they derive their power, crashes. Hard to believe they would allow that.

I think they will reflate too many times, and try to fool people. They're arrogant, and powerful - why not. This currency coordination is impressive I will admit, and is a big problem for gold investors. Never underestimate them, just buy on the brutal selloffs and take a little off the table when things get flighty.