Gerald B. recommended: The Engineered Euro Crash – William Engdahl on GRTV [1]. Engdahl explains how the Greek government concealed the extent of their debt by using exotic derivatives [2] provided by Goldman Sachs, and how Greece was later slammed by George Soros and “the Big Boys”. JWR Adds A Bit of Humor: But don’t blame Goldman Sachs, since any Greek will tell you that derivatives were invented in Greece. (After all, everything was a Greek invention [3].)
Zero Hedge reports another [4] Latvian bank run [4].
Gold Model Forecasts $4,380 Gold Price [5]. [JWR’s Comment: I’m generally anti-chartist, but this provides some food for thought.]
Looking for Inflation? It’s Hiding in Smaller Package Sizes [6]
Andre D. sent this: Nigel Farage Was Right! [7]
HSBC Sues MF Global Over $850,000 of Gold [8]
Items from The Economatrix:
Europe Facing Either German Domination or Financial Collapse [9]
The Detainee: A Tale Of Collapse [10] (Fictional, but well-written.)