Fierce Finance reports: Private-label MBS debt looms as huge risk [1]
Ireland’s unfolding crisis may be followed soon by Portugal, and then Spain and Italy. That many sovereign debt failures would spell the end of the Euro. If the Euro collapses it might cause a temporary jump in the value of the US Dollar, and a corresponding drop in precious metals (at least in Dollar terms.) That dip may be the last chance to buy silver before it vaults into $50+ territory.
Robert Rubin: “US In Terribly Dangerous Territory,” Bond Market May Be Headed For “Implosion” [2]
Meredith Whitney sees 5,000 bank branches closing [3]
Dr. Gary North: How Max Keiser Was Betrayed by Ellen Brown [4]
Items from The Economatrix:
Bob Chapman on Gold, Silver, Economy and More [5]
Pay Cuts Aren’t Enough: Time to Lay-off Federal Workers [6]