Gerald B. recommended: The Engineered Euro Crash – William Engdahl on GRTV. Engdahl explains how the Greek government concealed the extent of their debt by using exotic derivatives 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.)
Zero Hedge reports another Latvian bank run.
Gold Model Forecasts $4,380 Gold Price. [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
Andre D. sent this: Nigel Farage Was Right!
HSBC Sues MF Global Over $850,000 of Gold
Items from The Economatrix:
Europe Facing Either German Domination or Financial Collapse
The Detainee: A Tale Of Collapse (Fictional, but well-written.)