Dear CIGAs,

1. Gold is a currency.

2. Hyperinflation is a currency event

3. Hyperinflation builds slowly then explodes. See the chart of any of the currencies of all the many historical periods of hyperinflation given you in previous missives on www.JSMineset.com.

4. All periods of currency events that birthed the explosion of hyperinflation occurred during extremely depressive to depressionary economic conditions.

5. The key element of the event preceding the loss of confidence was the failure of the liquidity or coin clipping programs capped by forms of Quantitative Easing. Secretary Paulson this morning and the Federal Reserve three weeks ago said that they were embarking on this program.

6. The loss of confidence during the depression to come will be the failure of all programs to reverse a meltdown of OTC derivatives.

7. The world is looking towards the US dollar for the rescue, bailout and airdrops to include them.

8. The dollar is the prime monetary inflator and therefore the confidence to be lost is in the US dollar.