Courtesy of David H. comes a link to a fascinating interview: Nomi Prins on U.S. Banks’ Derivative Exposure [1]. The counterparty risk in the opaque OTC [2] derivatives market is potentially huge!
Reader Tom M. sent this prediction of social disorder in Europe and beyond: Why all signs point to chaos [3]
They’ve learned how to work the system: 30 Major U.S. Companies Spent More on Lobbying than Taxes [4]
Damon S. sent this: Silver price: Hey Silver Bugs, You Cryin’ Yet? [5] [JWR’s Comment: I’m using this dip as the opportunity to add a bit more silver to my silver stash in JASBORR [6].]
Items from The Economatrix:
Is A Physical Silver Shortage Spike Imminent? [7]
Dire Consequences as Global Growth Grinds to a Halt [9]
Europe Crisis Drags On, Raising Concerns About US Banks [10]