Little Turtle

Chinese, European Bankers Won’t Dance With The Fed

Very Good writing, Gary!
Looking at the big picture that you are just describing and adding to it the kolossal systemic risk ailing in the banking system, There is still an uncomprehensible aspect, to me. I wonder why Gold is still so undervalued and, so far, could not keep up not even with inflation. How can Central Banks keep gold artificially low and for how long ? Maybe just until September 2009 at the expiration of the gold-selling agreement they have between each other ? Who's willing to buy the US Gov. debt now, since the Chinese are unloading ?