The Unwind Begins: Eurogroup President Juncker Redirects From A Broke Europe By Throwing US And Japan Under The Insolvency Bus: "The Debt Level Of The USA Is Disastrous"

I've told you once, I've told you twice, but when the ring leaders of a Ponzi scheme start pointing fingers at each other (vs. just blaming the innocent, but dumb-downed masses who were looted), the end game is nigh. 

http://www.zerohedge.com/article/unwind-begins-eurogroup-president-juncker-redirects-broke-europe-throwing-us-and-japan-under

If I were Juncker, an self-admitted liar himself <click here>, I'd avoid hotel chambermaids at all cost <click here>.

ECB's Weber Says Europe's Rescue Fund Could Be Increased If More Needed

As Jim Sinclair points out repeatedly, expect QE to infinity in the Euro zone and here in the States.

http://www.bloomberg.com/news/2010-11-25/europe-s-1-trillion-stability-fund-may-need-to-be-increased-weber-says.html

European Central Bank council member Axel Weber said governments can increase the size of the European Union-led bailout fund if necessary to restore confidence in the euro.

“Seven hundred and fifty billion should be enough to assure the markets,” Weber said at the German embassy in Paris late yesterday. “If not, it will have to be increased.”

Jim Rickards on the Euro bail out

http://www.cnbc.com/id/15840232?play=1&video=1489946246

"Look at what Soros did to the Bank of England in 1992 - he went after them, they had a finite amount of dollars, he was selling sterling and taking the dollars, and they were buying the sterling and selling the dollars to defend the peg. All he had to do was sell more than they had and he wins. But he needed real money to do that. Today you can break a country, you don't need money you just need synthetic euroshorts or CDS. A trillion dollar bailout: Goldman can create 10 trillion of euroshorts. So it just dominates whatever governments can do. So basically Goldman can create shorts faster than Europe can create money."

- Jim Rickards

This is why the Club Med Euro countries will circle the drain. In fact, any country's finances are vulnerable to attack--including the UK, Japan, and the good ol' USA.

US gold coin sales surge

As I've often posited: better early than late. No crystal ball predictions here, as we may be entering a temporary overbought situation, but treat precious metals as insurance against a financial crisis, not a money-making venture. And given the past and current debt problems domestically and offshore, the odds of a crisis have increased substantially. Good luck to all.

http://www.reuters.com/article/idUSN0762739220100507

See disclaimers on side bar.

Disclosure: long physical precious metals, long precious metals mining shares.