06 December 2011

The Bank of England has taken measures to protect Britain's banks against another credit crunch by offering them access to a new supply of emergency sterling funding.

Well, isn't that just another word for QE?
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8938092/Bank-of-England-takes-new-steps-to-prevent-credit-crunch.html

http://www.bankofengland.co.uk/publications/news/2011/152.htm

Bank of America agrees $315m settlement with Mississippi state pension fund over toxic debt

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8938978/Bank-of-America-agrees-315m-settlement-with-Mississippi-state-pension-fund-over-toxic-debt.html

Iran's Revolutionary Guards prepare for war

http://www.telegraph.co.uk/news/worldnews/middleeast/iran/8936797/Irans-Revolutionary-Guards-prepare-for-war.html

The Worst In The World – The U.S. Balance Of Trade Is Mind-Blowingly Bad

http://theeconomiccollapseblog.com/archives/the-worst-in-the-world-the-u-s-balance-of-trade-is-mind-blowingly-bad

Iran recovers secret CIA spy drone

http://rt.com/usa/news/iran-drone-us-cia-187/

http://www.debka.com/article/21545/

Oil rises, weighs EU summit prospects, Iran

http://www.reuters.com/article/2011/12/06/us-markets-oil-idUSTRE7AD06820111206

Silver in Giant Flag or Pennant Formation

http://goldsilver.com/new/silver-in-giant-flag-or-pennant-formation/

European Bank Runs And Underestimated Physical Gold Demand

http://goldsilver.com/new/european-bank-runs-and-underestimated-physical-gold-demand/

Bernanke Letter to Congress Defends Fed Emergency Lending

https://mninews.deutsche-boerse.com/content/bernanke-letter-congress-defends-fed-emergency-lending

Deus Ex Machina By Egon von Greyerz

http://goldswitzerland.com/index.php/deus-ex-machina-egonvongreyerz/

"The Honorable Jon Corzine, Former CEO, MF Global Inc" What do they mean by Honorable ?

Former MF Global CEO Jon Corzine has been confirmed to appear at the Senate Agricultural Committee hearing on the firm's bankruptcy this Thursday.
http://agriculture.house.gov/hearings/hearingDetails.aspx?NewsID=1485#Testimony

The question is: Who wants to have fiat money anyway?

NOMURA: The Euro Is Going To See A MASSIVE Drop In Value In The Next Four Months
http://www.businessinsider.com/nomura-the-euro-will-be-worth-just-120-by-the-end-of-q1-2012-2011-12

Harvey Organ's Report: Another Min Raid on gold and silver/Conditions deteriorate in Europe

http://harveyorgan.blogspot.com/

This Time is Different. Yeah, Right. By Jon Nadler

http://www.kitco.com/ind/Nadler/dec062011.html

Wall St. Groups Sue (CFTC) Regulator to Challenge New Trading Rule

http://dealbook.nytimes.com/2011/12/02/wall-street-groups-sue-regulator-over-dodd-frank/

Japan Offers Gold Coins to Bond Buyers

http://www.bloomberg.com/news/2011-12-06/japan-offers-gold-coins-to-bond-buyers.html

Capital Account -- 12/5/11

Future of the US and Europe with Nigel Farage and Lew Rockwell on Capital Account (11/15/11)

One Month Old, But Still Valid...

Safehaven: Silver Ready For Take-Off? By: Willem Weytjens

http://www.safehaven.com/article/23529/silver-ready-for-take-off

Finaly Time To Bailout The Bailout (EFSF), Maybe FED Can Step In...?

S&P Text: EFSF Long-Term Rating Placed On CreditWatch Negative
https://mninews.deutsche-boerse.com/index.php/sp-text-efsf-long-term-rating-placed-creditwatch-negative?q=content/sp-text-efsf-long-term-rating-placed-creditwatch-negative

Jon Corzine Threatened To Quit If MF Global Didn't Let Him Bet Aggressively On European Bonds

http://www.businessinsider.com/report-jon-corzine-threatened-to-quit-if-mf-global-didnt-let-him-bet-on-european-bonds-2011-12

BOE Takes Preemptive Step on Market Strains With New Liquidity Facility

http://www.bloomberg.com/news/2011-12-06/boe-takes-preemptive-step-on-market-strains-with-new-liquidity-facility.html

"A round of QE from the ECB is now widely anticipated by markets, in our view. In fact, we believe that failure to deliver QE could generate so much market turmoil that policy makers could soon find themselves with little choice." BoA

What Keeps BofA Up At Night?
http://www.zerohedge.com/news/what-keeps-bofa-night?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Silver update 12/05/11 - Clarifications By Brother JohnF