Economics and Investing:

The Coming Derivatives Panic That Will Destroy Global Financial Markets. [JWR Adds: I’ve been warning you about derivatives since 2006.]

R.B.S. sent: Obama Slaps States That Don’t Comply With Obamacare

Also from R.B.S.: More Signs of Silver Shortage

Items from The Economatrix:

Shopper “Fatigue” Hurt Retails Sales Last Week

Home Prices Up 6.3% In October From Last Year. [JWR’s Comment: It is remarkable what hundreds of billions of Dollars created out of thin air and the fantasy land ZIRP can create, in the short term. ]

“We Are In The Midst Of The Keynesian Depression”

US Households Already Went Off Their Fiscal Cliff And Breached Their Debt Ceiling–US Quickly Approaching Another Debt Ceiling Limit Aligning With The Fiscal Cliff