Courtesy of David H. comes a link to a fascinating interview: Nomi Prins on U.S. Banks’ Derivative Exposure. The counterparty risk in the opaque OTC derivatives market is potentially huge!
Reader Tom M. sent this prediction of social disorder in Europe and beyond: Why all signs point to chaos
They’ve learned how to work the system: 30 Major U.S. Companies Spent More on Lobbying than Taxes
Damon S. sent this: Silver price: Hey Silver Bugs, You Cryin’ Yet? [JWR’s Comment: I’m using this dip as the opportunity to add a bit more silver to my silver stash in JASBORR.]
Items from The Economatrix:
Is A Physical Silver Shortage Spike Imminent?