I re-read an old article, and find that it was very accurate in forecasting the post-peak of the housing bubble and the collapse of derivatives:

Exerpt:

Another would be the derivatives mess collapsing. That is so fraught with liabilities that it is, as I said before, the single greatest black box risk to the US and world economy..... and could result in a USD crisis as well, as the Fed might find itself having to infuse trillions (yes I said trillions) to stem the next major derivatives crisis. That would probably lead to a currency crisis. As a matter of fact, would you believe that China and Russia and other nations right now are making bold moves into all sorts of derivatives markets themselves?????? WHEW

Link: http://www.gold-eagle.com/editorials...

Comment: This article lays out the collaps of the US currency, but what's very noteable is what it says about the US confiscation of gold in the 1930's....

Having neglected gold holdings so long, they may become desperate during the coming crisis.

SKELEG