This question was asked during Professor Fekete's Gold Seminar in Hungary in March. It was also asked of me last week in an interview with Mining Stock Talk, see http://miningstocktalk.com/mining-stock-talk-interviews-darryl-schoon/ . Cearly, people are nervous. My answer is that while it is impossible to fix a date, we are closer than many believe to the final collapse.

 The current concern about sovereign debt is a critical marker in that sovereign debt is the debtor's last resort.  Government printing presses are now the only barrier between ambulatory insolvency and sovereign bankruptcy.

Last month the IMF created a $500 billion fund to deal with new crises. The problem is two-fold.  Spain, the next nation expected to face a debt crisis, would require the entire $500 billion; and, the US, the primary contributor to the fund,  is already the world's largest debtor and unable to pay its own bills except by borrowing from others.

 The handwritting is already on the wall.  Soon, the rest of the world will be too.

 Good luck,

Darryl Robert Schoon

www.drschoon.com

www.survivethecrisis.com