Why gold is going a lot higher ... portfolio manager, page-462

Gracie, Kevin Rudd said as much, well after the event.
Picture, if you will, the alternative scenario. If the US treasury and Fed had not created trillions of dollars out of thin air, to recapitalise the US banks AND major European banks, and they had crashed, there would have been a run on Australian banks. As it was, there was large withdrawals, but the Rudd gov't was able to bring it under control with their gov't bank deposits guarantee. The guarantee was nowhere near deliverable in full, but the promise never had to be dilivered because the massive money expansion delayed a crash until another day.
Coming to a bank near you and me soon.
23.