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In this report, Max Keiser and co-host, Stacy Herbert discuss the radical redistribution of gold and silver property in the U.S. and the radical experiment in the U.K. to have capitalism without capital. In the second half of the show, Max talks to Prof Steve Keen about the U.K.’s financial sector debt which is at least four times as large as the U.S. financial sector debt before the global financial crisis began. Source: YouTube, December 22, 2011. More on this topic (What's this?) Hotspots with Max Keiser - Ireland (Finance Documentaries, 10/22/11) A prize for the scientific method in economic policy (Value Investing, 10/22/11)
This week Max Keiser and co-host, Stacy Herbert, discuss Überdebten, financial eugenics and secret Fed loans. In the second half of the show, Max talks to Karl Denninger about MF Global, pepper spraying banksters and Occupy Wall Street. Source: YouTube, December 1, 2011. 
Sean Egan, Egan-Jones Ratings, discusses whether the U.S. credit rating is in jeopardy of another downgrade if the Super Committee doesn’t find at least $1.2 trillion in spending cuts. “If debt grows faster than GDP, you’ll have a problem over time,” he says. Source: CNBC, November 18, 2011.
“Greek drama is now no longer confined to the literature class,” says economist Asha Bangalore of The Northern Trust Company. “The current Greek economic drama will be enshrined in economic history books and economic/financial policy studies. “As the crisis has unfolded, it has frequently been challenging to find a succinct representation of the exposure to Greek debt. Thanks to the folks at the BBC, here is that picture.”
Source: BBC Source: Asha Bangalore, Northern Trust – Daily Economic Commentary, November 3, 2011. More on this topic (What's this?) Greece’s Upcoming Election May Be its Undoing (Wall Street Daily, 4/12/12) Oil Prices and the Death of Greece (Money Morning, 5/17/12) Greece Secures Bailout, Gold Prices Respond (Learn Mining News, 2/23/12)
How long does Greece have to pass the referendum, get the money, and pay off its debts? This chart below should provide the answer. It comes courtesy of Erwan Mahe of OTCexGroup (via Business Insider) and shows when Greece’s big debt payments are due. It is clear that the bail-out monies need to be in by the middle of December. I would therefore not be surprised to see the referendum taking place a week or two before that.
Source: Business Insider, November 2, 2011. More on this topic (What's this?) Oil Prices and the Death of Greece (Money Morning, 5/17/12) Greece Secures Bailout, Gold Prices Respond (Learn Mining News, 2/23/12) Greece’s Upcoming Election May Be its Undoing (Wall Street Daily, 4/12/12)
There is a hope that some clarification will come about on how to use the EFSF and more importantly how to supplement it so its big enough to get the job done, says Wilbur Ross, WL Ross chairman/CEO, who adds that the European Union is always a page or two behind a deteriorating situation. Source: CNBC, October 14, 2011. More on this topic (What's this?) Eurozone Descends into a Farce as "Grexit" Looms Large (Money Morning, 5/18/12) EU Officials Give Eurozone’s Firewall a Final Treatment (Wall Street Daily, 4/2/12) European Fiscal Compact In Crisis As Irish Vote Looms (Value Investing, 5/7/12) |
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
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By Prieur du Plessis, on December 27th, 2011 posted in: 
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U.S. stock market – long-term indicators could go either way
Jim Grant on “The Scream” painting, Fed’s “hall of mirrors”
Prieur’s Readings (May 5, 2012) – staying up to date with top money news
Don Coxe webcast – updated (May 4, 2012)
Laugh out Loud: EU debt whack-a-mole
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