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

EUR Tumbles: S&P About To Put Europe's AAA Club (Including Germany, France And Austria) On "Creditwatch Negative"

http://www.zerohedge.com/news/sp-about-put-europes-aaa-countries-germany-france-holland-austria-and-luxembourg-creditwatch-ne?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

Understanding Silver Price Manipulation - By Brother JohnF

http://www.roadtoroota.com/public/724.cfm

http://www.roadtoroota.com/public/729.cfm

Look Back, Look Forward and Look Down. Way Down.

http://theautomaticearth.blogspot.com/2011/12/december-5-2011-look-back-look-forward.html

Silver To Rise On Currency-Commodity-Industrial Triple Whammy

http://www.forbes.com/sites/afontevecchia/2011/12/02/silver-to-rise-on-currency-commodity-industrial-triple-whammy/

Another Reason Silver Prices Could Roar Higher - By Matt Badiali, editor, S&A Resource Report

http://www.dailywealth.com/1920/Another-Reason-Silver-Prices-Could-Roar-Higher

Charles Hugh Smith - It's Your Choice, Europe: Rebel Against the Banks or Accept Debt-Serfdom

http://www.oftwominds.com/blog.html

Fed May Give Loans to IMF to Help Eurozone

http://www.ibtimes.com/articles/261404/20111205/fed-loans-imf-help-euro-zone.htm

Israel and Syria brace for regional war between mid-Dec. 2011 and mid-Jan 2012

http://www.debka.com/article/21543/

Julian Philips - Gold & Silver Market Morning Report

http://docs.google.com/viewer?url=http://blog.bmgbullion.com/PDFs/Gold%2520%2520Silver%2520Market%2520Morning%2520December%25205%25202011.pdf&hl=en_US&chrome=true

EU Treaty Rewrite Sought by Merkel, Sarkozy

http://www.bloomberg.com/news/2011-12-04/merkel-sarkozy-seek-again-to-resolve-debt-crisis-in-week-full-of-summits.html

Gold steady, market cautious before euro zone summit

http://www.reuters.com/article/2011/12/05/us-markets-precious-idUSTRE7AK1M520111205

Oil up over $111 on Iran supply risk concerns

http://www.reuters.com/article/2011/12/05/us-markets-oil-idUSTRE7AD06820111205

CFTC set to vote on rule opposed by MF Global

http://www.reuters.com/article/2011/12/05/us-financial-cftc-meeting-idUSTRE7B410420111205

DAVID ZERVOS: Ben Bernanke Is Going To Print, Bailout, Buy And Nationalize Until His Eyes Bleed

http://www.businessinsider.com/david-zervos-ben-bernanke-is-going-to-print-bailout-buy-and-nationalize-until-his-eyes-bleed-2011-12

HSBC Fined for Selling Unsuitable Investments to the Elderly

http://dealbook.nytimes.com/2011/12/05/hsbc-fined-for-selling-unsuitable-investments-to-the-elderly/

Barack Obama Is Taking A 17 Day Vacation Even As America Falls Apart All Around Him:

http://theeconomiccollapseblog.com/archives/barack-obama-is-taking-a-17-day-vacation-even-as-america-falls-apart-all-around-him

Is the World Spinning Out of Control?

http://usawatchdog.com/europe-bailout-news/

Richard Russell - Inflation Tsunami & The Island Of Safety

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/5_Richard_Russell_-_Inflation_Tsunami_%26_The_Island_Of_Safety.html

Iran will retaliate "outside its borders" for US drone, also blockade Hormuz

http://www.debka.com/article/21541/

SGTreport interview Gerald Celente: 'IT'S FASCIST. CAN'T YOU SEE IT?"

Here's the in-depth interview with Gerald Celente. They talk about the Fascism of MF Global, Goldman Sachs, and "government" in general. Celente says he's taking the rest of his money off-shore:

Part 1:


Part 2:

Monti’s Cabinet Likely to Approve $32 Billion Italian Austerity Plan Today

http://www.reuters.com/article/2011/12/04/us-italy-idUSTRE7B20I220111204

http://www.bloomberg.com/news/2011-12-04/monti-s-cabinet-likely-to-approve-32-billion-italian-austerity-plan-today.html

Why This Next Week Is Going To Massive For Europe

http://www.businessinsider.com/the-week-ahead-in-europe-2011-12

GOLDMAN: This Is What The World Will Be Like In 2012 And 2013

Slow Growth For Two More Years in Developed Economies:
http://www.businessinsider.com/goldman-10-things-that-will-happen-in-2012-2011-11#slow-growth-for-two-more-years-in-developed-economies-1

Well, do you really need to work for Goldman Sachs to figure that out...?

Guess Which Country Has Debt Of Nearly 1000% Of GDP...

http://www.businessinsider.com/g10-countries-by-total-debt-to-gdp-2011-12

As Promises Fade Silver Shines

http://brotherjohnf.com/2011/12/04/as-promises-fade-silver-shines/

Iran military downs US spy drone

http://www.presstv.ir/detail/213765.html

http://rt.com/news/iran-us-drone-shot-001/

Germany Planning For Commerzbank Nationalization

http://www.zerohedge.com/news/germany-planning-commerzbank-nationalization?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

Bank funding - The dash for cash

Europe’s troubled banks are running out of money
http://www.economist.com/node/21541019

Sweden & The Euro - Out & Happy

A case-history in successful economic management:
http://www.economist.com/node/21541032?fsrc=rss|eur

Fox Rejects Anti-Obama/ Bernanke Ads Advocating Gold & Silver As Protection Against Inflation

http://www.swissamerica.com/article.php?art=11-2011/201111300240f.txt

http://silverdoctors.blogspot.com/2011/12/fox-rejects-anti-obama-bernanke-ads.html#more

Obama and Ben: Part 1 "The Inflatocracy":


Obama and Ben: Part 2 "The Wizards of Oz":

Welcome to the Bailout 2.0!

Fed bailing out the Euro:
http://rt.com/usa/news/fed-european-bank-central-605/

Searching across the Atlantic for clues

"...you will be facing the very real threat of a recession -- a pretty deep recession in Europe in the first half of next year,"
http://www.reuters.com/article/2011/12/03/us-usa-markets-stocks-idUSTRE7B12GB20111203

Iran says oil would go over $250 if exports banned

http://www.reuters.com/article/2011/12/04/us-iran-sanctions-oil-idUSTRE7B305L20111204

MICHELLE MEYER: Home Prices Will Continue To Plunge, And 2013 Will Be The Worst Year For Foreclosures In History

http://www.businessinsider.com/michelle-meyer-on-housing-in-2012-2011-12

US, Israel & Iran, Building Up...

Barak vs US: We can't wait until Iran declares it has a nuclear bomb:
http://www.debka.com/article/21529/

Panetta: Israel must bow to nuclear Iran, Islamized ME, paramount US security:
http://www.debka.com/article/21538/

Jim Rickards: "The Fed is Playing with a Nuclear Reactor-- & the Danger is They Melt it Down"

Part 1:

Part 2:

"The European Central Bank will most likely make a crucial decision as to whether or not they will monetize massive quantities of insolvent European debt without sterilizing those purchases. "

Michael Pento - Insanity Next Week, Watch Europe & Gold!
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/3_Michael_Pento_-_Insanity_Next_Week,_Watch_Europe_%26_Gold!.html

Alasdair Macleod: Raw inflation via SDRs is next in central banking's scheme

Currency swaps – the beginning of a 'solution'?
http://www.goldmoney.com/gold-research/alasdair-macleod/currency-swaps-the-beginning-of-a-solution.html?gmrefcode=gata

BOE Will Hold Off Adding Stimulus Next Week as King Rejects ‘Fine Tuning’

"The message coming from the MPC (Monetary Policy Committee) seems to be that more quantitative easing is highly probable, but not until the New Year":
http://www.bloomberg.com/news/2011-12-02/boe-will-hold-off-expanding-stimulus-for-now.html

Debt Walkers Strike

http://theautomaticearth.blogspot.com/2011/12/december-2-2011-debt-walkers-strike.html

Obama and IMF Step Up Efforts to Contain Debt Woes

"...threatens to spark a new global financial crisis." So, not this finacial crisis, but another one..ok, ehh, right?
http://online.wsj.com/article/SB10001424052970204397704577074572953847282.html

Banks Ponder Scenarios if Countries Drop Euro

http://online.wsj.com/article/SB10001424052970204826704577074773960813432.html

A Euro Crisis Deal Emerges, Yeah Right...

http://online.wsj.com/article/SB10001424052970204012004577071921721647802.html?mod=WSJ_Markets_RightMostPopular

Soros: World Financial System on Brink of Collapse

http://blogs.wsj.com/economics/2011/12/01/soros-world-financial-system-on-brink-of-collapse/?mod=wsj_share_twitter

Wall St. Groups Sue Regulator to Challenge New Trading Rule

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

House Panel Subpoenas Corzine to Testify in MF Global Inquiry

http://dealbook.nytimes.com/2011/12/02/house-committee-subpoenas-corzine/

MF Global Board Resigns

http://dealbook.nytimes.com/2011/12/02/mf-global-board-resigns/

http://www.sec.gov/Archives/edgar/data/1401106/000118143111058389/rrd326865.htm

High-Level Goldman Executive Is Leaving the Firm

http://dealbook.nytimes.com/2011/12/02/top-goldman-sachs-executive-departs/

Credit Ratings For The Eurozone

EU finance leaders hold desperate talks to save the euro as Italy teeters on the brink
http://www.dailymail.co.uk/news/article-2067598/Italy-borrowing-costs-soar-euro-pressure-mounts.html?ITO=1490

Fed Vice Chairman Janet Yellen Wants QE3

Federal Reserve Should Stand Ready to Do a Third Round of Stimulus:
http://www.bloomberg.com/news/2011-12-02/federal-reserve-should-stand-ready-to-do-a-third-round-of-stimulus-view.html

Euro Central Banks May Provide $270B via IMF

http://www.bloomberg.com/news/2011-12-02/euro-region-s-central-banks-seen-providing-up-to-270-billion-through-imf.html

Go Sweden!!!

Sweden is Safest as Crisis Upends Bond Market:
http://www.bloomberg.com/news/2011-12-02/swedish-bonds-safer-than-german-debt-as-europe-crisis-upends-market-logic.html

America's Next TARP Model:

A Bloomberg report reveals that the U.S. government loaned banks $7.7 trillion in secret bailout funds at no interest and then borrowed the money back at interest:
http://www.thedailyshow.com/watch/thu-december-1-2011/america-s-next-tarp-model

Lies, Damned Lies, and (Unemployment) Statistics

http://www.shtfplan.com/headline-news/lies-damned-lies-and-unemployment-statistics_12022011?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+SHTFplan+%28SHTF+Plan+-+When+It+Hits+The+Fan%2C+Don%27t+Say+We+Didn%27t+Warn+You%29

Weldon - Here is the Key Level for a Massive Gold Breakout

"Looking at gold above $1,804, in US dollar terms, would be a breakout."
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/2_Weldon_-_Here_is_the_Key_Level_for_a_Massive_Gold_Breakout.html

Gerald Celente: We’re Going Into an Economic 9/11

http://sgtreport.com/2011/12/gerald-celente-were-going-into-an-economic-911/

Nomi Prins: No Matter What, The Banksters Always Win

http://sgtreport.com/2011/12/journalist-nomi-prins-no-matter-what-the-banksters-always-win/

Part 1:


Part 2:

Mortgage QE?

http://www.zerohedge.com/news/mortgage-qe?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

Bob Janjuah Explains Why The Worst Is Still Ahead Of Us

http://www.zerohedge.com/news/bob-janjuah-explains-why-worst-still-ahead-us

Fooled Again! By John Rubino

http://dollarcollapse.com/the-economy/fooled-again/

Top Recipients Of The Federal Bailout

Bailout Tally Report by Nomi Prins and Krisztina Ugrin October 1, 2011:
http://www.nomiprins.com/storage/bailouttallyoct2011CLEAN%20NO%20FORMULAS.pdf

Capital Account

Nigel Farage - Major Banks Teetering on the Edge of Collapse

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/2_Nigel_Farage_-_Major_Banks_Teetering_on_the_Edge_of_Collapse.html

Anticipating a Correction in the Global Monetary System Bill Bonner:

http://www.silverbearcafe.com/private/12.11/correction.html

About Silver & The Manipulation Of The Silver Price

The Long View By Ted Butler:
http://www.silverbearcafe.com/private/12.11/longview.html

Bank of Korea Increases Gold Reserves by Massive Nearly $1 Billion or 39% in November Alone

Bank of Korea Increases Gold Reserves by Massive Nearly $1 Billion or 39% in November Alone:
http://www.zerohedge.com/news/bank-korea-increases-gold-reserves-massive-nearly-1-billion-or-39-november-alone

Silver Mining Company Will Hold Silver Instead Of Cash

Coeur would mull holding silver over cash, says CEO:
http://www.miningweekly.com/article/coeur-would-mull-holding-silver-over-cash-says-ceo-2011-12-01

“They (Large Banks) Are The Creditors; We The People & Our Governments Are The Debtors. "

This is a Case of Systemic Solvency & Control:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/1_KWN_Special_-_This_is_a_Case_of_Systemic_Solvency_%26_Control.html

Felix Salmon: The 'Conspiracy Theorists' About 'Government Sachs' Were Right

http://www.gata.org/node/10725

Russia Activates Missile Early Warning Radar System:

Russia activates missile early warning radar system:
http://www.bbc.co.uk/news/world-europe-15938494

Why The EFSF Will Fail

Why the EFSF will fail:
http://www.cobdencentre.org/2011/12/why-the-efsf-will-fail/

The World Will Run Out of Silver in Nine Years

The World Will Run Out of Silver in Nine Years:
http://www.wealthwire.com/news/metals/2290

Chinese General Threatens “Third World War” To Protect Iran:

Chinese General Threatens “Third World War” To Protect Iran:
http://www.infowars.com/chinese-professor-threatens-third-world-war-to-protect-iran/

U.S. CORP & The Impending IMF Merger:

U.S. CORP and the impending IMF merger: By Robert Denner:
http://dailyeconomicupdate.wordpress.com/2011/04/21/u-s-corp-and-the-impending-imf-merger-by-robert-denner/

US Debt/GDP Soon +100%, Here We Go...

US Debt/GDP Hits Post WW2 High 99.5% Following $55 Billion Overnight Debt Increase: Total Debt Now Over $15.1 Trillion:
http://www.zerohedge.com/news/us-debtgdp-hits-post-ww2-high-995-following-55-billion-overnight-debt-increase-total-debt-now-o

Bank Of Korea Buys 15 Tonnes of Gold In November

Bank of Korea Boosts Gold Holdings, Buys 15 Tonnes in November:
http://m.ibtimes.com/bank-korea-boosts-gold-holdings-buys-15-259924.html

http://www.businessweek.com/news/2011-12-01/bank-of-korea-boosts-gold-reserves-for-second-time-this-year.html

The Global Systemic Crisis

Global systemic crisis: Second half of 2011 - European context and US catalyst - Explosion of the Western public debt bubble:
http://www.leap2020.eu/Global-systemic-crisis-Second-half-of-2011-European-context-and-US-catalyst-Explosion-of-the-Western-public-debt-bubble_a8322.html

EU United By Money Printing & Force

Holding the EU together by Money Printing and Force
http://www.ibtimes.com/articles/258664/20111130/holding-eu-money-printing-force.htm

5 Major US Banks Sued For Allegedly Illegally Seizing Properties, Filing Fraudulent Foreclosure Documents

AG Martha Coakley sues major US banks over foreclosures:
http://www.boston.com/Boston/businessupdates/2011/12/coakley-sue-largest-banks-over-foreclosures/wTrZYEwnr0T21kYuT429iN/index.html

Nomi Prins

The Fed’s European “Rescue”: Another back-door US Bank / Goldman bailout?
http://www.nomiprins.com/thoughts/2011/11/30/the-feds-european-rescue-another-back-door-us-bank-goldman-b.html

Silver Update By P. Zihlmann

Buy, Hold or Sell:
http://news.silverseek.com/ZihlmannInvest/1322667240.php

Central Banks' Latest Move Shows Desperation

Latest Move Shows Desperation:
http://www.ritholtz.com/blog/2011/12/central-banks-latest-move-shows-desperation/

Goldman Sacks About FEDs European Banks Bailout, GS Not So Happy

Goldman On Today's Coordinated Central Bank Bailout: "It Isn’t Enough To Save Anyone Or Solve Averything" And "Why Now?":
http://www.zerohedge.com/news/goldman-todays-coordinated-central-bank-bailout-it-isn%E2%80%99t-enough-save-anyone-or-solve-averything

Morgans Stanley Prefers Exposure To Gold & Silver 2012

Morgan Stanley says prefers gold, silver in 2012:
http://www.reuters.com/article/2011/11/30/us-research-morganstanley-commodities-idUSTRE7AT0EK20111130