Update

While governments continue to say that we are in an unprecedented situation, their solution is "stimulus".

Stimulus means borrowing sums or money that nobody on the planet can even begin to grasp. Nobody has ever spend such sums before. It's like the suburban family suddenly deciding to stimulate their lives by going out on a $5,000,000 spending spree. What are they going to spend the money on? And why? Leave aside who is going to pay it back.

You can be sure that this money will not pass seamlessly through the hands of the fat cats.

Just as you can be sure that foreign aid does not usually reach the poor.

History will show that this exercise will enrich the least worthy while doing nothing for the ordinary people, or the nations taking part in it. Use whatever influence you have to find out to whom this money is going and demand accountability.

Sadly, I fear that it is a lost cause. Forget the rhetoric today from the Fed about deflation being a threat. They have to say that to justify continued 'stimulus' - money being borrowed by the public to give to those who are already very rich.

If you haven't already done so, get out of bonds, Treasuries, stocks and shares and into cash. Then immediately invest in physical gold.