Financial Armageddon

I think the expression "going to hell in a hand basket" is very apropos right now. There is absolutely no way out of this economic, financial and monetary Armageddon that awaits the entire planet.. and I would suspect that all governments and their respective central banks know that. The only thing that's unknown, is the timing. But, judging by the speed with which things are circling the drain, something has to give pretty soon.

As I said the other day, there are only three possible outcomes... or combinations of all three... that are staring 'the powers that be' in the face. One is an outright deflationary collapse, the second a hyperinflationary depression... and the third, a return to a gold standard of some sort. Which will it be?

- Ed Steer