Best of the Best
Must read……Bank of Canada Governor speaks the truth  http://www.theglobeandmail.com/news/opinions/jeffrey-simpson/mark-carney-the-man-who-speaks-the-truth/article2270030/
Downward Spiral  http://www.foreignpolicy.com/articles/2011/12/15/downward_spiral
Greeks fearing collapse of eurozone bailout pulled record sums from bank   http://www.guardian.co.uk/business/2011/dec/16/greeks-fearing-collapse-of-eurozone-bailout-pulled-record-sums-from-bank?newsfeed=true
Eurozone deal close to collapse as IMF warns of global depression   http://www.telegraph.co.uk/finance/debt-crisis-live/8960067/Debt-crisis-live.html
Banks use accounting loopholes to inflate profits and bolster bonuses   http://www.guardian.co.uk/business/2011/dec/14/banks-accounting-loopholes-profits-bonuses?newsfeed=true
Debt is Endemic In Our System… And the Deleveraging Will be Brutal For Businesses and Investors Alike   http://www.zerohedge.com/contributed/debt-endemic-our-system-and-deleveraging-will-be-brutal-businesses-and-investors-alike
Banks Face Crisis Of Confidence, As Europe Falls Further   http://www.huffingtonpost.com/2011/12/14/europe-crisis_n_1149302.html
Down Goes Gold As Dollar Flexes, Euro Toasted  http://www.forbes.com/sites/johndobosz/2011/12/14/down-goes-gold-as-dollar-flexes-euro-toasted/
The Cookie Crumbles   http://kunstler.com/blog/2011/12/the-cookie-crumbles.html
Lehman Brothers: financially and morally bankrupt  http://www.guardian.co.uk/commentisfree/cifamerica/2011/dec/12/lehman-brothers-bankrupt?newsfeed=true
Why do ‘prices’ of so many commodities and currencies fluctuate independent of supply/demand fundamentals today?  http://kingdomecon.wordpress.com/2011/12/17/why-dont-prices-of-key-commodities-reflect-the-underlying-supplydemand-factors/
Commodities Creamed, Stocks Reeling As Market Gets Strong Whiff Of Deflation  http://www.forbes.com/sites/greatspeculations/2011/12/14/commodities-creamed-stocks-reeling-as-market-gets-strong-whiff-of-deflation/
Why bringing the bankers to heel is so important…  http://www.feasta.org/2011/12/14/why-bringing-the-bankers-to-heel-is-so-important/
Is the United States Too Big to Succeed?   http://mises.org/daily/5830/Is-the-United-States-Too-Big-to-Succeed
Why Iceland Should Be in the News, But Is Not  http://www.truth-out.org/why-iceland-should-be-news-not/1322327303
The Future: Expect The Unexpected  http://www.economist.com/blogs/freeexchange/2011/12/future
The Upside Of Down  http://www.theupsideofdown.com/theargument.html
Why New Danger Of A Systemic Collapse Is Far Greater Today Than At Almost Any Tim  http://etfdailynews.com/2011/12/14/why-new-danger-of-a-systemic-collapse-is-far-greater-today-than-at-almost-any-time-tza-faz-fas-tna/
A Glimpse Into the Self-Destructive Psychology of Sharks  http://theautomaticearth.blogspot.com/2011/12/december-14-2011-glimpse-into-self.html
Home Prices in Spain Drop 14 Consecutive Quarters; Banks Stuck with Major Losses Not Marked to Market; Expect Conditions to Worsen  http://globaleconomicanalysis.blogspot.com/2011/12/home-prices-in-spain-drop-14.html
Occupy Wall Street
A Rich American Destroys Fiction That Rich People Create Jobs  http://finance.yahoo.com/blogs/daily-ticker/finally-rich-american-destroys-fiction-rich-people-create-152949393.html
Of the 1%, by the 1%, for the 1% (old but good)Â Â http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105
Chinese Village 99% in Rebellion Against 1% Authorities   http://www.nytimes.com/2011/12/15/world/asia/chinese-village-locked-in-rebellion-against-authorities.html
The view from the 1 percent  http://www.washingtonpost.com/national/on-faith/the-view-from-the-1-percent/2011/12/06/gIQAdbbYaO_story.html?tid=patrick.net#article-leaf-page
MF Global Collapse
MF Global Told CME It Used Customer Funds: Timeline  http://www.bloomberg.com/news/2011-12-16/mf-global-told-cme-group-it-used-customer-funds-timeline-shows.html
MF Global’s Fractional Reserves  http://mises.org/daily/5833/MF-Globals-Fractional-Reserves
How MF Global Collapsed by over Hypothecat​ing and Who is Next?   http://www.marketoracle.co.uk/Article32087.html
MF Global Customers Target JP Morgan  http://www.forbes.com/sites/emilylambert/2011/12/15/mf-global-customers-target-jp-morgan/
Banks warn over MF Global even as land prices soar  http://www.agrimoney.com/news/banks-warn-over-mf-global-even-as-land-prices-soar–3971.html
Why MF Global Really Went Bankrupt  http://www.forbes.com/sites/timworstall/2011/12/16/why-mf-global-really-went-bankrupt/
Global Banking Crisis, Economy, and Systemic Risk
BofA, Goldman, Barclays Have Credit Ratings Cut by Fitch   http://news.businessweek.com/article.asp?documentKey=1376-LW9K4X6S972801-0HTA7QQSIFKGP2KRNR37RTIROM
China: Banking crisis looms   http://www.chinaworker.info/en/content/news/1680/
Japanese Debt: The Bubble Of The Century?    http://seekingalpha.com/article/313574-japanese-debt-the-bubble-of-the-century
Euro zone’s web of debt  http://www.irishtimes.com/newspaper/letters/2011/1214/1224309043492.html
Forget David Cameron’s veto, another eurozone crisis is only weeks away  http://www.telegraph.co.uk/news/worldnews/europe/eu/8953775/Forget-David-Camerons-veto-another-eurozone-crisis-is-only-weeks-away.html
Austrian Banks Facing Payback as Hungary’s $22 Billion Debt Slaves Revolt   http://www.bloomberg.com/news/2011-12-13/austrian-banks-facing-payback-as-hungary-s-debt-slaves-revolt.html?source=patrick.net
Spanish house prices tumble  http://online.wsj.com/article/SB10001424052970204026804577099981125553986.html
What would currencies be worth if euro broke up?  http://www.telegraph.co.uk/finance/financialcrisis/8960332/Graphic-How-exchange-rates-could-collapse-after-a-Euro-break-up.html
Contagion From The Eurozone  http://www.declineoftheempire.com/2011/12/contagion-from-the-eurozone.html
Eurozone debt crisis /Ireland/Italy/Spain/Portugal/Cyprus/Greece/Iceland
Divisions in eurozone over ECB bond-buying  http://www.telegraph.co.uk/finance/financialcrisis/8963541/Divisions-in-eurozone-over-ECB-bond-buying.html
Fitch warns Spain and Italy as Moody’s downgrades Belgium   http://www.telegraph.co.uk/finance/financialcrisis/8962488/Fitch-warns-Spain-and-Italy-of-downgrade-as-Moodys-cuts-Belgium-by-two-notches.html
Europe’s crisis develops, what happens next?   http://www.abc.net.au/unleashed/3732632.html
Eurozone crisis threat to UK farming  http://www.fwi.co.uk/Articles/14/12/2011/130576/Eurozone-crisis-threat-to-UK-farming.htm
Europe’s bank meltdown will hit home here  http://www.marketwatch.com/story/europes-bank-meltdown-will-hit-home-here-2011-12-13?reflink=MW_news_stmp
Europe’s Banks Retreat From the East  http://online.wsj.com/article/SB10001424052970204336104577094463786265648.html
Europe Crisis Drags On, Raising Concerns About U.S. Banks  http://www.huffingtonpost.com/2011/12/12/us-banks-european-sovereign-debt-crisis_n_1143800.html?ref=mostpopular
Why Iceland Should Be in the News, But Is Not  http://www.truth-out.org/why-iceland-should-be-news-not/1322327303
Portugal May Nationalize Banks in Historic Irony: Euro Credit   http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/12/13/bloomberg_articlesLW4ZGY0YHQ0X.DTL
US Foreclosure and Bank Fraud and fraud in high places
Fannie and Freddie execs charged with fraud  http://www.telegraph.co.uk/finance/financial-crime/8961598/Ex-heads-of-Fannie-and-Freddie-sued-by-US-regulator-over-sub-prime-exposure.html
Another Day, Another Claim of an Imminent Foreclosure Fraud Settlementhttp://news.firedoglake.com/2011/12/13/another-day-another-claim-of-an-imminent-foreclosure-fraud-settlement/
UK Property Market
Eurozone Debt Crisis Hurting London Home Prices in Q4Â Â http://www.worldpropertychannel.com/europe-residential-news/london-home-prices-chesterton-humbertscebr-november-house-price-poll-of-polls-london-home-listings-flats-for-sale-in-london-eurozone-debt-crisis-banking-crisis-in-europe-5085.php
Housing crisis in the north of England deepens   http://www.guardian.co.uk/housing-network/2011/dec/16/grim-up-north-housing-crisis-deepens?newsfeed=true
Global Pension “time bomb†and aging population
California pension disaster looms nearer   http://www.ocregister.com/opinion/retirement-331571-stanford-california.html
Private Pensions: Quantitative Easing Hits Pension Funds   http://www.pensioncalculator.org/14261/news/private-pensions-quantitative-easing-hits-pension-funds/
Canada pension deficit understated, think tank says  http://ca.reuters.com/article/businessNews/idCATRE7BC1SX20111213UK Company Pensions: Private Sector Pension Deficit Hits £222bn http://www.pensioncalculator.org/14229/news/company-pensions-private-sector-pension-deficit-hits-222bn/
ºNew Study: With Giant Pension Debts, California Is Screwed  http://www.forbes.com/sites/ericsavitz/2011/12/13/new-study-with-giant-pension-debts-california-is-screwed/
Deflation or inflation?
Deutsche Bank launches exchange traded notes linked to inflation or deflation expectations   http://cpifinancial.net/v2/News.aspx?v=1&aid=10361&sec=Investment%20BankingGood Deflation/Bad Deflation, Good Inflation/Bad Inflation  http://wallstreetpit.com/87674-good-deflationbad-deflation-good-inflationbad-inflationCommodities Creamed, Stocks Reeling As Market Gets Strong Whiff Of Deflation  http://www.forbes.com/sites/greatspeculations/2011/12/14/commodities-creamed-stocks-reeling-as-market-gets-strong-whiff-of-deflationAsk the experts: What will 2012 mean for the housing market?  http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/8956048/Ask-the-experts-What-will-2012-mean-for-the-housing-market.htmlLatest Price Data Show US on Brink of Deflation as World Economy Slows  http://www.economonitor.com/dolanecon/2011/12/16/latest-price-data-shows-us-on-brink-of-deflation-as-world-economy-slows/
US Unemployment
Jobs — Can America Make A Come Back?   http://www.declineoftheempire.com/2011/12/jobs-can-america-make-a-come-back.html
Alternative Currencies, changing the Banking System
Creating New Money: A Monetary Reform for the Information Age   http://www.positivemoney.org.uk/2011/12/creating-money-monetary-reform-information-age/
Eureka articles that challenge the status quo
As Economic Growth Fails, How Do We Live?  http://energyeconomyonline.com/As_Growth_Fails_Part_I.html
