I’ve been wondering what shape this would take.  Ty Andros does a good job describing some of it.  I found myself thinking that Doug Noland’s description of the out-of-control worldwide credit bubble addes some details.  Scroll to the bottom of his article for his description, ‘The Meaning of Stage II.’

www.prudentbear.com/index.php/CreditBubbleBulletinHome

As a footnote, I add the following, which I think may be helpful at this time.

www.321gold.com/editorials/casey/casey043008.html