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Everyone has missed the point and also missed the thrust of the article.

Puplava pumped it from both sides, showing us the cliff and then stopped dead cold. Because he has no answer what will happen next nor does anyone.

There is a very big critical financial mass building and when it implodes there will be a resultant explode, that nobody is even able to imagine.

Puplava puts it there and no one saw it.

What's really going on is that the Fed is pumping blindly to get inflation, doing everything possible to not have deflation. What they are creating is an ever larger explosion when the rubber band can stretch no further.

The Fed will simultaneously destroy both money and commerce. By pumping more credit (increasing money supply), trying to create inflation by definition, more & more dollars chasing the same or fewer goods, the same share will be worth more and cost more each day, the same cup of java will do the same day after day and deflation will be smothered by inflation.

There is a corollary to this however and that is that as more money is pumped in by easy credit, the vehicle that creates that credit, bonds & notes go down in value which leads to another corollary, yields go up which leads to yet another corollary, rates must go up. In other words, there is a point where credit and interest cannot remain low. The Bond and note holder will demand more pay back for the dollar given as credit. The resultant increase in interest or yields of bonds and notes must then be stemmed and replaced by buying them back at large volume (monetizing) which then devalues money further which is also inflation except at some point in time everyone wakes up the the fact they're carring around toilet paper in their bank account and wallet or getting paid interest & principal which is worth far far less than the original principal loaned and yields and rates must go higher which to the Fed means they must print more money. It's a vicious cirlcle.

And this circle jerk will continue ad infinitum. This is a course toward destruction & oblivion, nothing less.

Voila the implosion/explosion at the same time. The system systemically counter balances itself. You can't expand one end of it without also expanding the other end. All one creates is an ever bigger implosion/explosion. The situation only gets worse. Opposing forces only get larger and harder to hold in place. Easy credit does beget more money which inturn begets more less valuable money which begets higher interest, eveyone knows this, even the Feds. That's why they are prepared to monetize bonds and debt to hold the line of increasing yields and interest. They have stated this many times in just the last week.

Puplava puts this scenario there for all to see. Even the Feds see it but they conclude, it's better to have inflation than deflation so they continue to gorge the bomb at one end saying they can always defuse it at the other but once they have done this completely they will have created a critical mass which cannot be defused from either end let alone both ends at the same time.

Don't know if I have explained this sufficiently or simply enough but the biggest bomb to ever hit this planet is being built right before our eyes and absolutely no one knows how devasting the implosion/explosion will be nor does anyone have the guts to call a spade a spade and do something constructive about it.

I can go on and on and on but it's really simple. Just because a share is now worth two dollars instead of on is exactly the same as coffee is now $2 a cup, not $1 a cup. Inflation is simply inflation, it's not the same share is now worth more or the same cup of coffee is now more valuable. WAKE UP ! It's that money is now worth less !!!!!! That's inflation. But every body is buying it hoping there $1 share will go to $10 a share just like a couple of years ago. Well if this is your view point you are only putting in greater and greater deflation or more and more worthless dollars into the future.

Do I get my point across ? Wake up now or realize you've been scammed 6 months from now or sometime in the future.

This is a course toward destruction & oblivion, nothing less.

You don't have to convince me. I've said a thousand times that the FED was out of control and that Greenspan was nothing more than a political punk and Wall Street pimp. Greenspan created the original bubble for Rubin and Bubba, and all those thieves on Wall Street. After the robbery was complete and the bank vaults empty, he raised interest rates to pop that bubble. With the economy in recession, he is now trying to recreate the bubble again by flooding the system with money and easy credit. Wall Street, the bankers and the politicians will be saved while the average guy gets screwed again. It is not only criminal (IMO) but appears to be destined to make things worse. We are now bombing Iraq everyday and Bush has decided that we need a dose of imperialism to make things right or at least provide cover for an economy that is doomed. Put the sons of the ruling class elite on the front lines and see if Georgie is still beating the drums of war every day. It is very troubling.

Richard W.