Liquidity crunch, ahead? CME increases margin call; markets will be under pressure. (Thanks to C.D.V. for the link.)
Greek Tragedy, Act II: Der Bild reports that some businesses are getting ready for reintroduction of the Greek Drachma. TUI rechnet schon in Drachmen:
PLAN B WIRD AUCH IM FINANZMINISTERIUM BEREITS BESPROCHEN. For non-German readers, here is a rudimentary translation. This might not be “Das Ende der Welt, wie wir sie kennen.” But it might be The End of the Euro As We Know It.(Thanks to S.B. in Holland for the link.)
Michael Z. Williamson (SurvivalBlog’s Editor at Large) recommended this over at STRAFOR: Special Series (Part 1): Assessing the Damage of the European Banking Crisis
R.L. sent this: Bank Of America Derivatives Timebomb Shows System Is Corrupt To The Core
K.A.F. sent this: Back To European Sovereign Exposure: Moody’s Will Downgrade Austria’s Erste Over Attempt To Hide Billions In Sovereign CDS
Items from The Economatrix:
Those Who Know Will Understand
Situation is Ultra-Bullish for Gold & Silver Bullion and Stocks
Greek Government Teeters on Brink of Collapse as Crisis Deepens