Mike Maloney on Deflation, Gold and Silver

The guy is definitely a "deflationist" to a fault (M3 is not really "currency"; so good luck with that $10 oil prediction), but this is a good overview of the monetary system and why/how it is crashing ... and what that portends. He gives this presentation to a group of bankers, which is rather amusing. There are some great nuggets in here, like the charts on how overvalued the S&P is, and the net historical devaluation of the Ruble.