RealtyTrac Opines On The Coming Wave Of GSE Foreclosure Buybacks: "The Final Liability Will Be Enormous"

 

Home Prices Will Keep Falling 



Fed Warns of 4.25 Million More Foreclosures Through 2012

 

Buy Silver and Gold Now...or get Bawney Fwanked your choice...

Silver Shortages Accelerate As Wholesale Supplies Plunge: Krieger/Keiser - 1; JP Morgan - 0

 

POMO Closes: Sack Monetizes $8.3 Billion In Bonds

 

Gold Standard Time
By: Howard S. Katz



Gold Traders "Torn" as Ireland Takes Bail-Out But Euro Falls, Futures Positions "Enormous"
By: Adrian Ash, BullionVault

In The News Today

Posted: Nov 22 2010     By: Jim Sinclair      Post Edited: November 22, 2010 at 11:25 am
Filed under: In The News
All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.
–John Adams

Jim Sinclair’s Commentary
The raiders at work, except this time it is nations in their grip.



Jim Sinclair’s Commentary

Surprise, surprise. Moody’s makes the warning at center stage, right on queue.
The euro cover continues.

In Ireland, Call for Election and Warning From Moody’s
DUBLIN — Ireland’s decision to accept a rescue package worth more than $100 billion prompted a call Monday for early elections and a warning from a major ratings agency that the bailout could prove to be a “credit negative” for the country.
European Union officials, who had been pushing Ireland to accept help, quickly agreed to the request late Sunday, committing a significant amount of money to an ailing member for the second time in six months. The total amount was not announced, but several officials said it would be 80 billion to 90 billion euros, or $109 billion to $123 billion. Last spring, Europe disbursed 110 billion euros to Greece to save it from default.
The move, which will allow Ireland to shore up its faltering banks and operate without having to borrow money at budget-breaking rates, was welcomed by Ireland’s neighbors on Monday, although financial markets were more cautious. There were also rising worries about political stability in Ireland as a result of the bailout and the angry public backlash it engendered.
The Green Party, the junior partner in Ireland’s coalition government, announced it would pull out of government once a series of fiscal packages and budgets were in place next month — and called for early elections after that.
“We have now reached a point where the Irish people need political certainty to take them beyond the coming two months,” the Greens said in a statement, according to Reuters. “So, we believe it is time to fix a date for a general election in the second half of January 2011.”
More…



From Russia Expert, a Gloomy Outlook.


Tent Cities, Homelessness and Soul-Crushing Despair: The Legacy of Decades of Government Debt and Mismanagement of the Economy


Ireland fears civil unrest as bank crisis deepens






What's Really Behind QE2?   



ECB Tightens Screws on Ireland, Portugal and Spain  



$4.00 Gasoline By The End Of 2010?



Gap, Wal-Mart Clothing Costs Rise on `Terrifying' Cotton Prices



China to subsidize food after price spike


 
India's Food price index jumps 10.30%