This is 1929 all over again. But on a global scale.

Deflation first, then hyperinflation.

This is a currency war. Never in history has every central bank printed money at this pace. You cannot spin gold out of paper.

My favorite Amerikan response is "not in my lifetime".

There is a debt tsunami coming and people have been amused to death and can't see past the pretty beach they are sunning on. You can jump up and down and tell people that a tsunami is coming, but they are enjoying the beach so much that they don't care if they can't get out of the way of the massive debt wave that is about sweep them away.

The fiat currencies will fall like domino's once the USA dollar falls, it will happen instantly, in internet time. It won't take people long to realize all over the world that their currency too, is backed by nothing, and the masses will try to flee from the fiat paper they thought was money.

Don't let the falling prices of gas give you a good feeling, it is only an omen of the hyperinflation that is just around the corner.

If you really think the economy is recovering then more people would be getting off welfare than are going on it. More businesses would be opening than closing. The middle class would be expanding, not contracting. People would be saving more instead of taking on more debt. These things are simply not happening in Amerika.

Enjoy your cheap gas while can, I hope it makes you feel all warm and fuzzy.