High Velocity Clouds: the Missing Link

Hierarchical structure formation models predict the existence of large numbers of low velocity dispersion dark halos. Galaxy surveys find far fewer galaxies than predicted by analytical estimates and numerical simulations. In this paper, we suggest that these dark halos are not missing, but have been merely misplaced in the galactic astronomy section of the journals: they are the High Velocity Clouds (HVCs). We review the predictions of our model for the Local Group origin of the HVCs and its implications for the formation and the evolution of our Galaxy. We describe recent observations that confirm many of earlier predictions and discuss future tests of the model.