Hey you can read some of the chapters from "Web of Debt" at www.webofdebt.com

Ellen also published a couple articles per month at this site as well. She uses the principles that she describes in her book and then talks about the current events in that light.

My guess would be that this whole affair will proceed somewhat in the fashion of a bear stock market - we will rebound somewhat and then hit a new low. This will be followed by another rebound that is weaker and then a another new low......

When your focus is zoomed in really closely, and on a short enough time frame, it can look like natural highs and lows. But when you zoom out a bit it starts to look like a rocky downslope. Zoom out even further and it looks like complete collapse. To me, your words are describing a collapse. Most infamous periods in time were never given the labels in real time. It takes hindsight to see a particular period for what it was.

I really hope that you are wrong about a complete collapse of our financial system being needed and also in progress. But, that may well be the case.

I hope I'm wrong too. I've been hoping that I'd be wrong ever since I first learned about peak oil. Time will tell. Strap yourself in, I think it'll be a bumpy ride no matter what happens.

TS