• Blatant SLV options manipulation caught on video

• Fed’s Dudley Got Waiver to Keep AIG Holdings

• The Global Physical Gold & Silver Reserves Race is the New Nuclear Arms Race

• It Has Started: Wall Street Is Preparing For A Doomsday Scenario

• S&P Says Likelihood US Is Downgraded To AA As Soon As Early August Is 50-50

Also, if you want to know why there is no hard left shows in the U.S., this is why. They get bought off or shut down. Rachel Maddow, the NYT, Bill Maher, Keith Olbermann, Jon Stewart, (and even The Young Turks) are right of center. Amy Goodman is center. Alex Jones is left of center (whether he thinks of himself as such or not is not important) – and he does an amazing job of sustaining a really big audience – and attacking the people that need to be attacked. If he (or we) were on US MSM – we’d all deliver SUBSTANTIALLY HIGHER ratings and profits for these networks. But again, that’s not what it’s about. Fox and the rest hate free markets. They hate free speech. They hate competition. They have contempt for anyone who is not genuflecting at their feet. Oh, and shame on Howard Stern for refusing to get political. Why can’t guys like JFK or MLK get hit with cream pies instead of bullets?

• New ‘Tea Party’ front runner in Presidential race?

Stacy Summary: Dollar up against tanking euro as Merkel and Sarkozy are said to allow a selective default for Greece. Bad news for those holding their savings in euros. Resting easy, however, if you’ve got gold.

“I’m standing on the roof
of my house right now.”

• Citi’s Top Economist Says The Water Market Will Soon Eclipse Oil

• Jim Grant on going forward with a gold standard, “This is not a threat, this is not a promise, it’s going to happen”

• Do you find yourself denying AGW a little more this week? It’s probably the heat.

• Fed Preparing For US Default Says Plosser