Always appreciate your posts Jerry. True about the lost $Trillions and the fraud of the privately-held Federal Reserve (yes, the President appoints the chairman, but ...). I don't mind seeing some of the fat cats hauled down from their perches, but I don't want to see all of us get torn up in the process.

Another cat story: Warren Buffet calls the nearly unimaginable mountains of derivatives risk collapsing all our banks, thousands of $Trillions if you can picture that, he calls them "weapons of mass financial destruction". He said unwinding even just one debt swap derivative is "like carrying a cat home by its tail. The scratches will heal but the scars will be with you forever."

The gap between paper gold and real pieces of gold is real and in every market in history the gap eventually closes. The demand for the stuff you can carry home is there.