‘Black Swan’ Author Concerned About Hyperinflation


These IDIOTS are about to piss off the only people loaning us money...Haven't they ever heard of NOT biting the hand that feeds them?
Senate May Force Currency War with China- Bloomberg


FACT...WAR STIMULATES THE ECONOMY...Economics 101
A new war will be started...

Jim Sinclair’s Commentary
The material to lock and load against Iran is in shipment.
Final destination Iran? Exclusive: Rob Edwards Published on 14 Mar 2010
Hundreds of powerful US “bunker-buster” bombs are being shipped from California to the British island of Diego Garcia in the Indian Ocean in preparation for a possible attack on Iran.
The Sunday Herald can reveal that the US government signed a contract in January to transport 10 ammunition containers to the island. According to a cargo manifest from the US navy, this included 387 “Blu” bombs used for blasting hardened or underground structures.
Experts say that they are being put in place for an assault on Iran’s controversial nuclear facilities. There has long been speculation that the US military is preparing for such an attack, should diplomacy fail to persuade Iran not to make nuclear weapons.
Although Diego Garcia is part of the British Indian Ocean Territory, it is used by the US as a military base under an agreement made in 1971. The agreement led to 2,000 native islanders being forcibly evicted to the Seychelles and Mauritius.
The Sunday Herald reported in 2007 that stealth bomber hangers on the island were being equipped to take bunker-buster bombs.
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FedEx Chart Means Double-Dip for Economy


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Construction Unemployment Rate Hits 27.1% as Another 64,000 Construction Workers Lost Jobs in February


Moody's Warns US Debt Could Test Triple-A Rating


Dodd Unveils Sweeping Financial Regulation Plan


More Homeowners Opting for 'Strategic Defaults'- LA Times


Forbes: Fannie & Freddie Are Godzilla & King Kong- Forbes


Gold Rises as US$ Remains on Defensive- MarketWatch


The Lone Dissenter - KC Fed Prez Stands Firm- Wall Street Journal


The most important court case since derivative were invented is coming to a head.
This is not a civil suit. This is a criminal case.
Assuming that the defendants are deemed guilty the civil suits will be a slam dunk. This could cost these entities everything they have and more.
Google this and see how little is said about it.

Deutsche Bank, JPMorgan, UBS Are Charged With Fraud By Elisa Martinuzzi and Sonia Sirletti
March 17 (Bloomberg) —
Deutsche Bank AG, JPMorgan Chase & Co., UBS AG and Hypo Real Estate Holding AG’s Depfa Bank Plc unit were charged with fraud linked to the sale of derivatives to the City of Milan.
Judge Simone Luerti scheduled the trial of the four firms, 11 bankers and two former city officials for May 6, Prosecutor Alfredo Robledo said after a hearing in Milan today. The banks allegedly misled the city over swaps that adjusted interest payments on 1.7 billion euros ($2.3 billion) of bonds sold in 2005.
Prosecutors across Italy are investigating banks as local and national government agencies face potential losses of 2.5 billion euros on derivatives, lawyers say. The Milan probe may also affect cases as far away as the U.S., where securities firms have faced charges for price-fixing and bid-rigging in the sale of derivatives to municipalities, though not for fraud, according to former regulator Christopher “Kit” Taylor.
“This case could have repercussions over here if the trial showed deliberate intent,” said Taylor, a former executive director of the Municipal Securities Rulemaking Board, the national regulator of the municipal-bond market. “What happened in Europe was the continuation of a pattern in the U.S.”
JPMorgan is “vigorously” defending its position against the charges, the New York-based firm said in a statement. “The employees involved in the transactions acted with the highest degree of professionalism and entirely appropriately.”
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