I thought this was a very insightful article from Eric deCarbonnel:
Hyperinflation will begin in China and it will destroy the dollar
But I must admit that I enjoyed the discussion in the comments below the article almost more than the article itself. Mish and Eric had a nice exchange and many others as well.
I think the appropriate lesson to take away from this piece is just how infinitely complex and chaotic these intertwined systems really are. And by "chaotic", I mean in terms of Chaos Theory, where the apparent chaos is only within our narrow view.
If you haven't read this masterful piece by Krassimir Petrov yet, you are in for a treat:
Chaos & Order - A Breakpoint for the Global Monetary System
I think this article delivers a nice primer on the most useful way to view the unfolding crisis. And that is from the Chaos Theory perspective. You can see also my posts on Fractals, ,  and .
When you look too closely at complex systems their movements appear chaotic. But as you step back, patterns start to emerge. And through these patterns you can predict the end point regardless of the chaotic movements in between.
An analogy I like is that the various aspects of this crisis, derivatives, trade imbalances, banking insolvencies, currency problems, etc... are like trees in a forest. You may be an expert on a specific kind of tree. You can learn almost everything about that tree and how it interacts with other trees in the forest. But unless you back away and stand atop the adjacent mountain, you may not see the raging forest fire that is heading your way.
Okay, so it's not a perfect analogy, but I like it.
Also, on the recommended reading list, I have become a fast fan of Hubert Moolman of South Africa. Check out his latest article, Fake Money, Dead Money and Fake Leaders. Also Gold Is Money and more which can be found on his blog.
Lastly, I recommend the latest Gerald Celente interview by Jim Puplava if you haven't yet listened to it.