• Monsanto Interests Guide U.S. Diplomacy, WikiLeaks Cables Show

• U.S. Elites Begin To Confront The Paper Dollar

• Stephen Leeb – Gold Skying Because of Bernanke Desperation

• Uncle Warren Unhappy With WSJ Claims He Pays Only 10.5% Tax On BofA Dividend; He Really Is Paying A Whopping 14.175%

No, more deficit spending is not the answer. Arianna you need to get to grips with the fact that the U.S./World banking system is suffering from a systemic collapse. Trillions are being poured into it, but it’s not flowing through the system – the same way pumping water through a town’s water system won’t get to where you want it to – if there’s a main line break. All you get is flooding and this is what we see in the prices of food. Cheap money flooding prices higher, to the point past the key 40% of income spent on food levels, that lead to riots and revolutions has been breached: Tunis and Egypt, for example. It’s just crazy that the left (Krugman, Reich, Arianna) want to expand deficit spending and the right wants to impose austerity. Both approaches assume a functioning, underlying banking conduit system that can successfully transmit capital and credit from various points of the economy with some degree of efficiency. This just isn’t the case. The proof is in the widening wealth/income gaps despite the tens of trillions printed and spent. The U.S. is drowning in debt-backed fiat paper and the rich left and rich right in America are arguing over place settings in the one room on the Titanic that hasn’t flooded yet.

• Goldman Presents The Three “Radical” Measures The Fed May Engage In To Turbocharge An Imminent QE3

(1) an extension of the QE program into markets other than Treasuries and agency MBS, e.g., private sector securities, (2) a much bigger QE program, up to the extreme version of a promise to buy as many securities as needed to hit a specific yield target (i.e. a “rate cap” further out on the yield curve as then-Governor Bernanke suggested back in 2002), and (3) an explicit or implicit change in the Fed’s policy targets.”

• Because the U.S. began operations in Iraq and Afghanistan without sufficient planning or oversight to track spending — it lost $1 out of every $6 spent.

• This is what hyperinflation looks like

• Gold At $1,950 Within The Month Reaffirm UBS; JP Morgan $2,500 Year End Call Remains

• The New Era Of Capitalism Brings More Inequality And Unrest

Of course the real question being asked here is how long before white people in America start rioting. And we know that the trigger point is when food gets to 40% cost of income. Right now, for America’s crackers, it’s about 12%.

• UAW Wants Higher Wages for New GM, Ford, Chrysler Workers

• Nottinghamshire Police Civilian Staff Stage 24-Hour Strike

Tips for the UAW and Nottinghamshire Police on how to win wage concessions: 1) tie your wage demands to money supply growth numbers not phony CPI numbers 2) organize a ‘counter-hedge fund’ that uses naked short sales and other WMFD to attack the hedge funds that are attacking you.

• Merkel to Voters: Germany Will Emerge Stronger