RED ALERT: Vote on Nov. 28th: A Bill That Would Define the USA as a Battlefield and Citizens as ‘the Enemy’ and Would Authorize Indefinite Detention of Anyone Anywhere WITHOUT Trial

 

Britain's Foreign Office Prepares For Riots In Europe. Sees Euro Collapse "When, Not If"

As every major developed economy hits Bass's Keynesian Endgame, the status quo is set to change dramatically. Nowhere is this climax playing out louder than in Europe and the implicit solution of Germany-uber-alles (while seemingly inevitable though nevertheless lengthy in execution) is likely to not sit well with many of the EMU nations. To wit, The Telegraph today reports that Britain's Foreign Office is advising its overseas embassies to draw up plans to help expats should the collapse of the Euro turn explosive. Almost incredibly, a senior minister has revealed that Britain is now planning on the basis that a euro collapse is matter of time.

 

 

 

2012 may see the 'Death of Europe' says Shugg

the link is here.

 

 

Are MF Global Customer Funds Being Looted to This Day Through the Same Risky Trading That Sunk the Firm?

Posted by : EB

Post date: 11/26/2011 - 09:30

Jon Corzine's last great act might have been the institutionalization of customer account pilfering.  Indictments anyone?

(Click on image to enlarge)

 

 

 

Standing Up to Tyranny: The Roads To War And Economic Collapse

 linked here

Ron Paul’s Fed Chairman

It would be a shame were this election season to go by without at least one newspaper commenting on Congressman Ron Paul’s vow that were he elected president the person he’d nominate to be chairman of the Federal Reserve is James Grant. This happened on Fox News, where it was noted that Dr. Paul’s call for the abolition of the Fed wouldn’t start right away. So who, he was asked by journalist Stephen Hayes, would be his pick for Fed chairman? “Hmmmm,” the congressman replied. “Probably Jim Grant.” Adds he: “He’s an Austrian economist, he has experience on Wall Street, he’s brilliant, he’s a good historian. He would quit printing money.”

The link is here.

KWN Weekly Metals Wrap

November 26, 2011, at 1:12 pm
by Dan Norcini

Dear CIGAs,
Please click the link below to listen to this week’s metals wrap up from King World News, featuring our very own Trader Dan Norcini.
Click here to listen to the weekly metals wrap up…

 

 

In The News Today

November 25, 2011, at 9:21 pm
by Jim Sinclair 

Jim Sinclair’s Commentary

I am always amazed by how bearish people become because of lines and squiggles on their charts at what could easily be the head fake of all time. Personally, gold is the only asset that stands to survive a Euroland unwind. The contagion in the financial sense would be global. Hold you insurance regardless of how prestigious the newly converted bear is.

European Banks Frantically Trying To Dump $7 Trillion Of Crap Assets — But No One Will Buy Them Henry Blodget | Nov. 25, 2011, 7:31 AM
The balance sheets of European banks are piled high with legacy assets — mortgages, real-estate, and other loans–that are tying up precious capital and constricting the banks’ ability to make new, more productive loans.
At the same time, the banks’ traditional sources of funding–other banks and institutional investors–have begun drying up as the European crisis intensifies.
This leaves the banks desperately needing to raise cash to survive.
The first plan was to sell off the crap assets.
But according to Gareth Gore in the International Financing Review, this plan has failed, because buyers won’t pony up the prices the banks want them to pay.
(The banks want to sell their assets near "par"–the value the banks are carrying the assets for on their books–because then the banks won’t have to take losses that would further deplete their capital. The buyers, meanwhile, want deals, and they know that time is working in their favor.)
So now that banks are moving to Plan B, says Gore, which is financial engineering.
More…

Global slowdown triggers China factory strikes

The link is here.

 

 

Bond market hammers Italy, Spain ponders outside help

the link is here.

 

 

Why a German downgrade is the next logical step in the euro crisis

The link is here.

 

 

Richard Russell: Crumbling Debt to Crush Everything in its Path

The link is here.

Silver Analyst Ted Butler...an audio interview

The link is here.

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