This is by Bill H a frequent Midas contributor:

"The "seams" are splitting.

To all; it seems to me that the "naked short" situation in the metals markets is about to blow wide open at any minute now. The CFTC meeting did more to "awaken" the sleeping masses than I ever thought was possible. The "bad guys" did such a poor job of refuting the facts that there is now plenty of blood in the water. If the CFTC was "worried about speculators" before last week, they better get ready for schools and schools of sharks because they have been given an open invitation to the party!

Between the "whistleblower" news, Eric Sprott being turned away from buying IMF Gold and the wonderful showing by Jeff Christian and the other "apologists", why wouldn't the shorts attack? Of course their goal will be to break the COMEX and gain "more Dollars" but it doesn't matter. They will figure out when all is said and done that their "winnings" are nothing more than the paper contracts they just exposed and busted as frauds! They don't even understand "why", but they will surely attack because they can (kill) and gain more Dollars. It doesn't matter whether the Dollars will "spend" or not!

I know I keep harping on this but there is no possible way to put any $ number on 1 ounce pieces of metal. The hyperinflationary stories we have heard about people getting paid twice a day so they can "spend" (get rid of) their earnings before the next day are coming soon. Deflation in assets that are borrowed against and inflation of things you need to survive will become the new norm. This can and I believe will happen so much faster than anyone imagines because computers will aid the stampede.

The "bad guys" are really in a bad spot now because the "whacked out lunatics" (yes I am proud to have been considered one) that spewed facts upon facts are turning out to be correct. The days of branding people "conspiratorialists" is over because these very same whack jobs have been the ONLY ones who have been correct since the turn of the century. They have been "right for the right reasons" all along so why would their logic fail now? The kitchen sink and anything else they (the bad guys) could find has already been thrown into the mix to keep the status quo so what's next? Truth always has a funny way of eventually poking it's head up!

This is the part that worries me, the system will come apart at the seems and no matter how well you anticipated the collapse of the government's status quo financial system you still have to live in it. I have always been one that wanted to dig for the truth no matter where it led to and I must admit that early on I had ideas of "I'm gonna get rich". With everything we now know, getting "rich" (in Dollar terms) will be child's play, the next battle will be for the survival of yourself and family. I could never ever imagine that the U.S. would go over "the edge" like it has and sink so low.

Fraud, a silent press (heard anything about the sunken Korean ship lately), bought and paid for politicians, $ Trillions of "good 'ole boy deals, fake money and fake debt, and even "metal" that will burn, rot and tear, none of this was even imaginable 30-40 years ago. Now it is common and normal everyday practice that has become accepted because people were too lazy, fat and happy to think for themselves and draw the line where they wouldn't step. Unfortunately we no longer resemble our forefathers ethics for anything. One can only hope that on the "other side" of what is surely coming will be a renewed "ethic" and "back to basics" mentality. We can hope, right?"

Bush beans are the best! Don't leave them out of your survival "basket!|

RUF