Titus says the Fed is in a dangerous situation where the slightest wrong move in any direction could cause a financial system meltdown worse than 2008.  Titus explains, "When you have a debt based monetary system and you take away the drugs, you risk a withdrawal process that can get very nasty, and that's exactly what happened in 2008.  You start this downward deflationary spiral, and suddenly, people start calling in loans.  Oh my goodness, the collateral is not good, and we all know what happened in 2008.  That's why the Fed has got to be careful now.  They are between a rock and a hard place.  They don't want the money supply, the bank money supply, at the retail level to rocket up.  They've got to stop that.  They have stopped that on one hand, but on the other hand, they don't want the deflationary spiral.  The last thing they want in the world is the twin nightmare.  You've got raging inflation, and by the way, no one has a job, and nobody has any money.  The money you do have doesn't buy anything.  The Fed is staring right at it."

Titus contends the Fed has printed more money than ever before and at a much faster pace than ever before.  Titus warns, "The confetti party has a way of ending rather rudely and abruptly."

What should the common person do?  Titus says, "Not losing is winning.  Not losing is a win, and that's kind of where we are.  If you put your money on gold last year, you may have lost 5% or gained 5%.  It really was not that much, but it was a big win compared to the S&P 500 and bonds, wasn't it?  I mean you crushed them—right?  You just don't know.  With the Fed raising interest rates, there is deflation on one hand, but in the grocery store, everybody is seeing inflation.  Those two forces spell trouble ahead to me.  I don't know how this story ends, and I am not sure I want to know, but we are going to find out."