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just read the article you posted BH! - thought I would put in a...

  1. mikebr
    804 Posts.
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    19/05/09
    17:01
    Post #: 5182087
    just read the article you posted BH! - thought I would put in a quote as that "liquidity pyramid" seems to me fundamental to the inflation/deflation game and where we are going with gold and the USD

    "one need only look at the total CDS notional in circulation which has collapsed from over $60 trillion at the end of 2007 to less than $30 trillion currently (according to DTCC). In short, 2008 was characterized by a massive destruction of money, and this process will likely continue well into 2009 and 2010".

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