The government has handed over hundreds of billions of dollars in bailout aid intended to ensure the survival of corporations deemed "too big (i.e., too important) to fail," even though the present vulnerabilities and failings of these same entities have been largely brought upon themselves by their own missteps and strategic imprudence.

Meanwhile, the number of our unemployed population has been quietly growing (officially reckoned near 10%,) affecting households one painful job-loss at a time.

To the out-of-work individual, "too small to bail" psychologically translates into "too small to matter," that is, until Congress feels the need to begin pandering for votes during the next election cycle. Expect an escalation of budget-busting social programs in 2010, and more monetization of the debt by the Federal Reserve as the government fails to find anyone else willing to buy its tidal wave of bonds.

Stay tuned... "too small to bail" may take on a whole new connotation next year as our titanic economy begins to sink beneath this man-made flood of increasingly worthless currency and IOUs.

To get the latest Ed Stein releases and gold commentary by e-mail join the USAGOLD NewsGroup -- our free news and opinion service.

By Michael J. Kosares
Michael J. Kosares , founder and president
USAGOLD - Centennial Precious Metals, Denver

Michael Kosares has over 30 years experience in the gold business, and is the author of The ABCs of Gold Investing: How to Protect and Build Your Wealth with Gold, and numerous magazine and internet articles and essays. He is frequently interviewed in the financial press and is well-known for his on-going commentary on the gold market and its economic, political and financial underpinnings.

Disclaimer: Opinions expressed in commentary e do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold. Centennial Precious Metals, Inc. recommends the purchase of physical precious metals for asset preservation purposes, not speculation. Utilization of these opinions for speculative purposes is neither suggested nor advised. Commentary is strictly for educational purposes, and as such USAGOLD - Centennial Precious Metals does not warrant or guarantee the accuracy, timeliness or completeness of the information found here.

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