We Have No Other Choice

http://www.oftwominds.com/blogmar12/no-choice3-12.html

CFTC Vacates CME Clearing Europe Limited Registration as a Derivatives Clearing Organization

The canary in the coal mine:  the CME no longer wishes to be the clearinghouse for European derivatives.  If I were a holder of Greek credit default swaps, I would unload them before they turn into toilet paper--if they haven't already.  With the ISDA not acknowledging the 74% haircut in Greek bonds as a credit default "event", CDS holders basically own the equivalent of a life insurance policy of a corpse--only the coroner just declared the corpse a living and breathing entity.  So run along you bankers and hedge fund managers:  you hedged correctly, but we ain't paying out these insurance claims, because the patient ain't dead until we say it's dead. 

http://www.cftc.gov/PressRoom/PressReleases/pr6208-12

Here's the problem:  the patient is dead.  And so it will be with the neighboring patients on life support as well.

Japan to purchase 65 billion yuan in China government debt

Despite the benign title, further reading of this article points to more evidence of another nail in the coffin for the USDollar in its role as the global reserve currency, and ultimately, its existence. 

http://in.reuters.com/article/2012/03/13/us-japan-economy-azumi-idINBRE82C01E20120313

Japan said on Tuesday it had received approval from China's government to purchase 65 billion yuan ($10.3 billion) in Chinese government debt in a move that can help Japan diversify its reserves away from the dollar and strengthen economic ties between the two Asian countries.

Goldman Banker Quits In Disgust, Blasts Firm For "Ripping Off" Clients

Is the Greek Debt Problem Really Solved?

http://usawatchdog.com/is-the-greek-debt-problem-really-solved/

How Quickly Can Price Inflation Explode to the Upside?

http://www.economicpolicyjournal.com/2012/03/how-quickly-can-price-inflation-explode.html

16 SHTF Barter Items to Stockpile

http://debtreckoning.com/shtf-barter-items-to-stockpile/

GRIME WAVE

http://www.thedaily.com/page/2012/03/12/031212-news-tide-theft-1-4/

Rule - $150 to $170 Oil, Gold, Fraud & Dangerous Times

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/13_Rule_-_%24150_to_%24170_Oil%2C_Gold%2C_Fraud_%26_Dangerous_Times.html

Leeb - Warren Buffett Desperate & Policymakers Scared to Death

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/9_Leeb_-_Warren_Buffet_Desperate_%26_Policymakers_Scared_to_Death.html

Adding Insult To Injury, Greek Gas Prices Are Now The Highest In Europe

http://www.zerohedge.com/news/adding-insult-injury-greek-gas-prices-are-now-highest-europe

Fed To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About Constitutionality Of... The Fed

http://www.zerohedge.com/news/fed-take-propaganda-schoolroom-will-teach-k-8-12-students-about-constitutionality-fed

Here Comes FIATtackWatch: Ben "Big Brother" Bernanke Goes Watergate, Prepares To Eavesdrop On Everything Mentioning The Fed

http://www.zerohedge.com/news/here-comes-fiattackwatch-bernanke-goes-watergate-prepares-eavesdrop-everything-mentioning-fed

The Audacity of Bonuses at MF Global

http://www.nomiprins.com/thoughts/2012/3/12/the-audacity-of-bonuses-at-mf-global.html

Sinclair - Greek Tragedy Part of $37 Trillion, Not $3.5 Billion

The word "camouflage" comes to mind when reading about Fed swaps.


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/9_Sinclair_-_Greek_Tragedy_Part_of_%2437_Trillion%2C_Not_%243.5_Billion.html

India to make 45% of Iran oil payments in rupees

Wait a minute:  India is an ally of the US.  Iran is an enemy of the US.  India and Iran are trading partners who no longer will use the USDollar as a common currency.  What's wrong with this picture?


http://www.presstv.ir/detail/230951.html

Banks are using government loans to repay TARP

Peter is paying Paul.  And Joe Taxpayer ends up paying for all of it.


http://www.washingtonpost.com/blogs/ezra-klein/post/the-government-has-recouped-tarp-money-by-accepting-other-government-funds/2012/03/09/gIQAHgdT1R_blog.html

ISDA Says Greece In Default, CDS Will Trigger

In the most predictable event category: the ISDA finally declared Greece has defaulted.  The market's ho-hum response is also predictable.  But then again, markets yawned in 2008 initially.

http://www.forbes.com/sites/afontevecchia/2012/03/09/on-greece-defaults-and-the-future-of-derivatives/

New Proof the U.S. Dollar is No Longer "King"

http://www.dailywealth.com/2012/New-Proof-the-U-S-Dollar-is-No-Longer-King-

Rubin Says He Has Too Many Dollars 13 Years After Departing U.S. Treasury

When the US has adopted a "strong Dollar policy"--yet the greenback continues to erode in value over the years, the average American citizen might want to sit up and take notice.

But when the former US Treasury Secretary is dumping USDollars in his own personal portfolio, the average American citizen might want to jump up and take notice. 


http://www.bloomberg.com/news/2012-03-09/rubin-has-too-many-dollars-13-years-after-leaving-u-s-treasury.html

The Face of Volatility

http://www.caseyresearch.com/articles/face-volatility?ppref=ZHB442ED0312A

Citigroup Predict Gold at $2,400/oz in 2012 and $3,400/oz "In Coming Years"

http://www.goldcore.com/goldcore_blog/citigroup-predict-gold-2400oz-2012-and-3400oz-coming-years

A million-dollar mortgage goes unpaid for years while couple fights foreclosure

http://www.washingtonpost.com/local/a-million-dollar-mortgage-goes-unpaid-for-years-while-couple-fights-foreclosure/2012/03/01/gIQAb4DBpR_story_1.html

Financial Services Hearing Highlights Feb 29 2012 - Dr. Ron Paul Unmatched Intellect - EndTheFed!

http://youtu.be/n7gAgjTvtjc

Dollar Alternative Anyone?

http://usawatchdog.com/dollar-alternative-anyone/