The Federal Reserve has assisted in the growth of theUS debt bubble. Debts must continue to grow by at least $2.5 trillion per year in order to keep GDP growthat 3-4%. Unlike prior recoveries, economic growth is dependent upon new credit creation.Videos updated Oct 08!Alert..Signs in the markets of asset price deflation some call the beginningof the Kondratieff Winter.  At the same time we see the Federal Reserve performingthe largest infusion of cash into the banks in the history of human existence. Your life savings may be at risk and depend upon your actions today.From July 2008 through the beginning of 2009, oil and most commoditeshave plunged to inflation adjusted levels never seen in the past. The January 2009 oil price is the lowest in history when pricedin the value of one ounce of gold. Until the recent plunge in price, the number of barrelsof oil bought by one ounce of gold did not fluctuate.The money supply has grown at an exponential rate since the mid '90s.  The US dollar has dropped in relation to other foreigncurrencies, Currently the US needs to attract almost2 billion dollars per day ($500 billion in 2003) to subsidize our foreign tradedeficit, in addition to annual federal budget deficits.Inflationis a hidden tax on consumers.  Over time it is added to the cost of eachitem purchased as each unit of currency buys less and less untilit is worthless.  By changing the way the CPI is computed, government is ableto create an illusion of stability.Ten deficitsthat have been building over the past decade thatcannot continue to grow indefinitely.  Continued growth in the economyand equity markets are dependentupon growing debts from foreign sources.The recovery since the year 2000 has been unlike any other recovery in history.With the help of low interest rates producing double digit real estate appreciation,consumers have used their mortgages like ATM machines.  Future growthremains dependent on low rates and growing household debt.If you could write the perfect scriptfor a backdrop to thegreatest bull market in precious metals, what wouldit look like.... If only....The current Economic Recoveryis dependent upon an increasing amount of debt creation.  Follow the dollar as it travels around the planet and returns to the US in the formof new debt.The Kondratieff wave consists of a credit expansionand contraction cycle that normally spans 50-60 years.For an overview of the Kondratieff theoryCLICK HERE.Excellent overview, Kontratieff inspired, byMartin Armstrong It's Just Time (pdf).Ian Gordon, an expert on Long Wave Analysis produced a multi-media presentationCLICK HERE.  Prior Winter cycles in the US Click Here.RADIO ARCHIVES:Weekly:GoldSilver.com - Currency Con GameYouTube VideosSaturday:Zapata George - Web Radio Jim Puplava - Website ArchivesMcAlvany - McAlvany Weekly CommentaryWorld Energy TV - Weekly VideoBullionMark - Video CollectionKwaves - Video CollectionL I N K SBEST OF..ADVISORS                  NEWS - USA NEWS - ASIA TIMES NEW