http://www.telegraph.co.uk/finance/c...

With the continuing erosion of confidence in our political leaders, our regulators, monetary authorities and fascist (collusion with government) financial institutions ripping off non-insider investors across the globe, much can happen, perhaps sooner rather than later.

Another dormant volcano looming and growing, the dark liquidity funds invested in the OTC derivatives, (dark because their intent is to manipulate markets outside of anybody's view), OTC: outside of any regulated market, they rose from 596 in Dec to 687 trillion in June 2008 +15% in 1st half (12x world-wide GDP or > 100'000 per human being w-w ) (www.bis.org derivatives, table 19), this not counting the official Exchange Traded markets derivatives exposure.

With the insolvent financial institutions, banks, hedge funds, exposure, even a tiny 1% default on OTC obligations would still represent 6870 billion, even for the Fed this might be too big to chew or hide off balance sheet given its dwindling reserves, de facto nationalizing doesn't necessarily do away with the netted exposure as we've seen with Citi.

The case for holding non-derivative precious metals, also in deep storage, has never been as compelling! The message is starting to get across.