I agree Greg. I think more and more people are waking up to the fact that the fiat currencies are being highly devalued. There may be a point in time when all of this quantitative easing that occurred will come home to roost as massive inflation in USD and other fiat currencies. My understanding is the banks were given massive amounts of this money but instead of loaning it out and putting it in circulation (which would have increased the velocity of money and therefore real inflation) they parked the money as excess reserves at the federal reserve. I wonder if these excess reserves are part of the unwinding of the balance sheet that the federal reserve has said they are planning on doing.

We live in interesting times, and I am thankful for your thoughtful information that you share with us. God Speed sir.