Insolvent Financial System Signals Much Higher Gold Price
Commodities / Gold & Silver
Dec 26, 2008 - 03:29 AM

By: Jim_Willie_CB

Many people are very confused these days. They should be. Slowly the nation is coming to grips with a harsh reality that a garden variety recession has not dug its roots inside the body economic of the United States. This is much worse. This is an economic and financial system horribly plagued by insolvency, with vicious cycles causing severe momentum in the damage, where the entire system is facing potential ruin in a disintegration sequence during a virtually unstoppable liquidation process.

The broken credit clutch cannot disengage. This is not a deflation episode as portrayed, but rather a broad powerful liquidation phase. As a veteran contact put it, “ Cyclical change is easy to understand. What people don't get is that fact that we have systemic change and a paradigm shift of epic proportion. All these idiotic analysts try to find the future in the rear view mirror. Good luck.â€