09 December 2011

EU States to Send IMF $267 Billion in New Crisis Fight

http://www.bloomberg.com/news/2011-12-09/euro-states-to-shift-267-billion-to-imf-as-focus-shifts-to-deficit-deal.html

Corzine Defends His Actions at MF Global

http://dealbook.nytimes.com/2011/12/08/corzine-says-he-was-stunned-by-missing-mf-global-money/

Central banks have been aggressively buying gold to increase their total reserve allocation, a move to diversify investments away from U.S. dollars,

http://www.ibtimes.com/articles/264303/20111209/japan-s-gold-export-reached-96-mt.htm

Capital Account: William K. Black on MF Global and Jon Corzine Culpability (12/08/11)

Ben Davies - “Your Country Needs Your Money”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/9_Ben_Davies_-_Your_Country_Needs_Your_Money.html

8 charts from a brave new banking and economic system – Federal Reserve refutes bailouts yet fails to address inflated questionable assets on their balance sheet. Do you think a $7 billion insurance fund can support the $9.7 trillion in deposits at U.S. banks?

http://www.mybudget360.com/brave-new-banking-and-economic-system-federal-reserve-banking-jobs-money-fdic-low-wage-growth/

FAIL: EU Official Says All 27 Countries Won't Back A Treaty Change

http://www.businessinsider.com/eu-fails-to-agree-on-treaty-change-with-27-states-2011-12?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29

08 December 2011

Iran exhibits US drone undamaged. US and Israeli intelligence shocked

http://www.debka.com/article/21550/

BOE Maintains QE as King Awaits Europe Debt-Crisis Response

http://www.bloomberg.com/news/2011-12-08/king-hangs-on-sidelines-as-boe-awaits-european-steps-to-solve-debt-crisis.html

MF Global's Corzine: I did not intend to break rules

http://www.reuters.com/article/2011/12/08/us-mfglobal-corzine-idUSTRE7B70ET20111208?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29

Stress Test Reveals European Banks Need More Capital

http://dealbook.nytimes.com/2011/12/08/stress-test-reveal-european-banks-need-more-capital/

Buying Silver Is Like Buying Gold At $554 Today

http://www.ibtimes.com/articles/264021/20111208/buying-silver-like-gold-554-today.htm

Jim Rogers: "The Fed Is Lying To Us"

http://beforeitsnews.com/story/1479/580/NL/Jim_Rogers:_The_Fed_Is_Lying_To_Us.html

Embry - $2,500 to $3,000 Gold Could Send Silver to $250

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/8_Embry_-_$2,500_to_$3,000_Gold_Could_Send_Silver_to_$250.html

Jim Sinclair - Why Financial System is Imploding & What to Do

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/8_Jim_Sinclair_-_Why_Financial_System_is_Imploding_%26_What_to_Do.html

Jim Willie: JP Morgan Crashed MF Global to Avert COMEX Failure, European Derivatives Implosion

http://silverdoctors.blogspot.com/2011/12/jim-willie-jp-morgan-crashed-mf-global.html

http://bullmarketthinking.com/wp-content/uploads/2011/12/12062011willie.mp3

Fortress Commodities Fund "We're Long Gold, Short Base Metals, And A Seller Of Crude"

http://www.zerohedge.com/news/fortress-commodities-fund-were-long-gold-short-base-metals-and-seller-crude?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

Central Banks Coordinated Gold Dump Caused This AM's Smash in Gold & Silver

http://silverdoctors.blogspot.com/2011/12/cenral-banks-coordinated-gold-dump.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Silverdoctors+%28SilverDoctors%29

Live Blog: House Panel Hearing on MF Global

http://dealbook.nytimes.com/2011/12/08/live-blog-house-panel-hearing-on-mf-global/

Why The UK Trail Of The MF Global Collapse May Have “Apocalyptic” Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else

http://brotherjohnf.com/2011/12/08/why-the-uk-trail-of-the-mf-global-collapse-may-have-apocalyptic-consequences-for-the-eurozone-canadian-banks-jefferies-and-everyone-else/

Market Snapshot: Flip Flop.... Update - And Plunge On Bond Purchases, IMF, Lehman Comments

http://www.zerohedge.com/news/market-snapshot-flip-flop

Capital Account: Stephen Leeb on Rising Commodity Prices and Outlook for Global Economy (12/06/11)

Capital Account: Michael Hudson on Europe's Transition from Democracy to Oligarchy (12/07/11)

Jon Corzine gets third congressional subpoena

http://www.cbsnews.com/8301-503544_162-57338848-503544/jon-corzine-gets-third-congressional-subpoena/

European Banks Shuffle Bonds to Bolster Capital

http://dealbook.nytimes.com/2011/12/07/european-banks-shuffle-bonds-to-bolster-capital/

Someone have had enough of the banksters: Police Step Up Security After Deutsche Bank Letter Bomb

http://dealbook.nytimes.com/2011/12/07/n-y-p-d-steps-up-security-after-deutsche-bank-letter-bomb/

China's Gold Output Up 3.87%

"Very little is known of gold in China. The government wants to keep it that way. But most foreign investors are aware that China is actually accumulating gold,'' analyst Santosh Debri said.
http://www.ibtimes.com/articles/263423/20111207/china-s-gold-output-3-87.htm

Gold Tsunami: On the Cusp of $3,000+?

http://www.safehaven.com/article/23565/gold-tsunami-on-the-cusp-of-3000?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+safehaven%2Fall-articles+%28Safehaven+-+Most+Recent+Articles%29

KWN Special - Ben Davies: ECB To Engage in Qualitative Easing

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/8_KWN_Special_-_Ben_Davies__ECB_To_Engage_in_Qualitative_Easing.html

Why The UK Trail Of The MF Global Collapse May Have "Apocalyptic" Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else

http://www.zerohedge.com/news/why-uk-trail-mf-global-collapse-may-have-apocalyptic-consequences-eurozone-canadian-banks-jeffe?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

REPORT: At Least One European Central Bank Is Dusting Off Its Old Printing Press

http://www.businessinsider.com/report-european-central-banks-are-dusting-off-their-old-printing-presses-2011-12?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29

Japan: not aware of IMF $600 billion euro zone aid plan

http://www.reuters.com/article/2011/12/08/us-g20-imf-idUSTRE7B709Y20111208?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29

Silver Update 12/07/11 Fractional Reserve Silver - Brother JohnF

07 December 2011

12 Eurozone Downgrade Shock Waves Could Slam Into US Economy

http://www.safehaven.com/article/23561/12-eurozone-downgrade-shock-waves-could-slam-into-us-economy?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+safehaven%2Fall-articles+%28Safehaven+-+Most+Recent+Articles%29

"A clear example of this dictatorship is the situation with Greece and Italy, who according to Gosling are “now run by Goldman Sachs, effectively.”

EU fulfills ‘Hitler’s dream’ of dictatorship
http://rt.com/news/euro-dictatorship-hitler-dream-287/

Citi begins London investment bank layoffs

http://www.reuters.com/article/2011/12/07/us-citi-jobs-idUSTRE7B61P720111207

U.S. Officials Believe Malfunction, Not Iranians, Downed Drone. MALFUNCTION...? Good save there...

http://www.ibtimes.com/articles/262729/20111207/u-s-officials-believe-malfunction-iranians-downed.htm

James Turk - The Banking System is on the Verge of Collapse

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/7_James_Turk_-_The_Banking_System_is_on_the_Verge_of_Collapse.html

WOOPS: Goldman Says Dubai Needs $2.2 Billion To Cover Bank's Debt

http://www.businessinsider.com/woops-goldman-says-dubai-needs-22-billion-to-cover-banks-debt-2011-12

The Iran Oil Embargo Epitomizes The Transfer Of Power From West To East

http://www.businessinsider.com/conflict-between-iran-winners-china-and-india-2011-12

Citi's Strategy: Hold On And Hope The World Economy Grows

http://www.businessinsider.com/citis-strategy-hold-on-and-hope-the-world-economy-grows-2011-12

Dear Hedge Funds, JPMorgan Chase's Business Bank Will No Longer Be Servicing You

http://www.businessinsider.com/jpmorgan-chase-hedge-funds-2011-11

ECB to Consider More Measures to Stimulate Bank Lending

http://www.bloomberg.com/news/2011-12-07/ecb-officials-said-to-plan-additional-measures-to-stimulate-bank-lending.html

Bloomberg News Responds to Bernanke Criticism, Btw who the f...ck uses a word like“egregious” anyway?

http://www.bloomberg.com/news/2011-12-06/bloomberg-news-responds-to-bernanke-criticism.html

“For too long, Wall Street has been permitted to operate in the dark, putting our economy at risk and leaving taxpayers on the hook” Senator Sherrod Brown

http://www.bloomberg.com/news/2011-12-07/too-big-to-fail-is-back-on-senate-agenda-with-megabank-hearing.html

Bernanke’s Scared… And He Should Be

http://gainspainscapital.com/?p=1177

EuroTARP Cometh: Germany's Schauble To Pull A "Paulson" Will Force Banks To Take Bailout Funds, Handelsblatt Says

http://www.zerohedge.com/news/germanys-schauble-pull-paulson-will-force-banks-take-bailout-funds-handelsblatt-says?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

Hugo Salinas-Price: What Every Politician Needs to Know About Silver

http://www.safehaven.com/article/23560/hugo-salinas-price-what-every-politician-needs-to-know-about-silver?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+safehaven%2Fall-articles+%28Safehaven+-+Most+Recent+Articles%29

Gold rallies as euro hopes abound

The yellow metal rose in trade on Wednesday as rumours of more aggressive monetary stimulus continued to grow ahead of the ECB meeting tomorrow:
http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=141235&sn=Detail

John Hathaway - Desperate Fed to Provide Unlimited Liquidity

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/7_John_Hathaway_-_Desperate_Fed_to_Provide_Unlimited_Liquidity.html

"We could be in early days of super bull market for gold stocks" - Jay Taylor

Jay Taylor believes the biggest challenge facing the U.S.-deflation-could mean a better year, or even decade, for junior gold stocks. Interview with The Gold Report.
http://www.mineweb.com/mineweb/view/mineweb/en/page31?oid=141160&sn=Detail&pid=31

Sprott frustrated with hostage-taking paper silver market

Sprott Asset Management CEO, Eric Sprott says silver producers are being held hostage by the paper silver market and something should be done.

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=141088&sn=Detail&pid=110649

Citigroup Axes 4,500 Jobs

http://www.businessinsider.com/layoffs-watch-citi-group-axes-4500-jobs-2011-12

http://www.nytimes.com/2011/12/07/business/citigroup-to-lay-off-4500-workers.html?_r=1

Goldman Sachs On The One Massive Area Of Disagreement Between Merkel And Sarkozy

http://www.businessinsider.com/goldman-by-the-way-theres-still-a-massive-disagreement-between-merkel-and-sarkozy-2011-12

http://www.zerohedge.com/news/goldman-clean-resolution-fridays-summit-now-ruled-out-outcome-fall-short-market-expectations?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

"The need for institutions across the developed world to lend gold for dollars shows there is an ongoing liquidity squeeze. This is why gold has fallen of late. It has nothing to do with gold‟s fundamentals, only with the financial state of gold investors." Julian Phillips

Gold and Silver Market Morning Report – December 6, 2011
by BMG Admin on December 6, 2011
Courtesy of Julian Phillips
http://blog.bmgbullion.com/

Silver Update 12/06/12 By Brother JohnF

"You don’t want to be the last person holding currencies, the last person buying gold." Peter Schiff

Peter Schiff: This Unstable House of Cards is Going to Implode
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/6_Peter_Schiff__This_Unstable_House_of_Cards_is_Going_to_Implode.html

Gold FIX Driving the Price By: Julian D. W. Phillips

http://www.safehaven.com/article/23548/gold-fix-driving-the-price

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

05 December 2011

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