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Economics and Investing:

The Coming Derivatives Panic That Will Destroy Global Financial Markets [1]. [JWR Adds: I’ve been warning you about derivatives since 2006.]

R.B.S. sent: Obama Slaps States That Don’t Comply With Obamacare [2]

Also from R.B.S.: More Signs of Silver Shortage [3]

Items from The Economatrix:

Shopper “Fatigue” Hurt Retails Sales Last Week [4]

Home Prices Up 6.3% In October From Last Year [5]. [JWR’s Comment: It is remarkable what hundreds of billions of Dollars created out of thin air and the fantasy land ZIRP [6] can create, in the short term. ]

“We Are In The Midst Of The Keynesian Depression” [7]

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 [8]