• The desert heat melts Arizona home prices – Phoenix home prices now back to late 1990s levels while state tax collection drop to 1998 levels. The second lost decade in the desert.

• Fraud, Anyone? Another Type of Mortgage Document Fabrication Finally Getting Attention

• Eric King interviews Ben Davies

Ben Davies: cash is tight, PM’s sideways until August; $1,450 gold = support. Miners continue to disappoint. 60 mn. bbl’s of SPR release = monetary easing (a sneaky QE3). Tight money (fall of in M1,2,3) conditions supporting U.S. T-bonds despite end of QE. U.S. money markets have ‘serious exposure’ (40%) to Euro bank debt. “You can only push people so far.” Rioters in Athens upset their government in cahoots with corrupt bankers will defeat austerity measures; “At some point people snap.”

It appears like Ben Davies is now a convert to the potential of ‘people power.’ The move in Silver from the high $20′s to the high $40′s was almost entirely driven by people power – and when Davies was on EK’s show at the time, he had derogatory things to say about people power. Shame that Ben didn’t have the people’s back at $49. Running scared at $49 (exacerbating the move down) – and then bragging about it – does not ingratiate oneself with the people, if you know what I mean. The people will prevail nevertheless.

Stacy Summary: In related news, the alleged member of LulzSec who allegedly hacked the CIA has Asperger’s. This is the second Brit with Asperger’s arrested for hacking a U.S. government agency database.

Hackers publish private Tony Blair info

• Eric King interviews Jim Rickards

• “Father of Euro” Robert Mundell Endorses Gold Convertability

• Water filling 2,500 homes in Minot as river rises

DRUDGE

HuffingtonPost

Forget ‘liberal bias,’ there is no liberal press at all in the U.S. Bono, the darling of faux activists everywhere, gets slammed by the same folks who are fighting for their lives in Cairo, Tunis, Dublin and Athens, and the so-called liberal press gives it ZERO coverage. Hollywood is not liberal. Hollywood is to copyright what Saudi Arabia is to oil. Hollywood has a strict copyright regime destroying intellectual property in America and around the world just as OPEC’s strict oil regimes are destroying the global economy (and ecology). Bill Maher is not a liberal. He is less right of center than Rush Limbaugh, but he’s not on the left. Rachel Maddow is not a liberal. She is right of center as well. Bill Hicks was left. But he’s dead. And he never made it big in the U.S. (unless you count his ripoff clone Denis Leary). Howard Stern is apolitical. Keith Olbermann was tossed to the curb. America needs some shockleft to right the balance of discourse. Any takers? Amy Goodman could almost take the reigns, but she has zero coverage of the financial scandals and never makes the connections to Wall St. that are staring her in the face. To Amy Goodman I would say, Less Haiti and more Wall St. At least DrudgeReport covers/links to foreign press, principally in the UK, where a legitimate left wing press does exist. Imagine if HuffingtonPost (or the NYT) were to actually push a left wing agenda? No. Never happen. That became quite clear when she took the AOL money. Just more posing. Also, here’s a simply test to determine what side of the aisle you’re on. If you are not part of the royal court of Wall St. monarchs and aristocrats (like 99.999% of the population), then you are in opposition. The opposition party sits on the left. What about Alex Jones? I would place Alex dead center. He is the most balanced journalist in America today. That’s the funny thing about Alex Jones, he should be getting a Pulitzer (not The Onion as many are lobbying for).

• The Papas And The Papas: Greece’s First Family

• New Jersey Makes It Official: The Slashing Of Public Employee Benefits Has Begun

And what’s next, the ‘final solution.’ Pitiful.

• Feigning Cluelessness, Helicopter Ben Fools No One