During the past few months I was doing a lot of traveling and research, and I found little time to keep the blog updated. Since my last post, the economy and markets have markedly deteriorated, and a lot of the things that I have been writing about in this blog (e.g. a severe bear market, $1000 gold) is becoming reality.

But as bearish as I have been, my research has led me to believe that things are going to become more worse than even I expected and we are in the midst of spiraling into a deflationary depression, unless the Federal government and the Federal Reserve take forceful actions. And by forceful I mean printing trillions of dollars leading to either a best case scenario of stagflation or a worst case of hyperinflation. Regardless of whether there is inflation or deflation, I think history books in the future will look back at 2007-2008 as the beginning of the US depression. In future posts I will expand on these thoughts.