• Germany is €55bn richer than it previously thought because of an accounting error at state-owned bank Hypo Real Estate Holding.

Since money is fungible, especially at the sovereign level, the “unlocked” capital which fortuitously was in a favorable netting direction (and we can’t wait to get our hands on the detailed explanation of just what the error was that resulted in €31 in 2011 and €24.5 billion in 2010 of additional “debt” issuance going to fund FMSW, also known as Germany’s bad bank, and now effectively being unwound) can and will used to plug bad Greek debt shortfalls at any other wards of the state which has material exposure to bad debt.

Why does Schiff keep referring to the Fed as the Federal government? If the tea party and the #occupy movements have done anything, it has been to clarify to all that the Federal Reserve is not part of the government. It’s a private bank run by private bankers. Cornel West could have a strong argument if he had a better understanding of this point as well. Once again, Peter Schiff ‘wins’ the debate by default. His opponent was punching above his weight, and it was obvious.

• Eric Janszen: We Are Witnessing The Death of the Dollar

• Max Keiser – A Provocateur’s Unreasonable Voice of Reason

Max Keiser’s voice can be shrill. He has an impish grin and eyes full of mischief. He’s a strange mix of fact, exaggeration, analysis, rant, knowledge, opinion, journalism, poetic insight, indignation, persona and humor. He is, in short, an entertaining enigma. One minute he’s elucidating a complex financial problem and the next he’s launching ad hominem attacks (well deserved, many would argue) on world leaders and the banking elite alike, or as Max would call them – “the clowns that run the world” and “banking schmucks.” Often, he would point out, they’re cut from the same cloth.

• “Adolf Merkel”: Presenting The Greek Gratitude For The 50% Debt Haircut

• Identities of JP Morgan Silver Manipulators Exposed

“The biggest news in a long time because these are actual people who are coming out and naming names of individuals who were involved in this alleged conspiracy with JP Morgan to actively manipulate the price of silver. People may go to jail over this. JP Morgan has all barrels pointing at them as traders are named in this suit, including senior traders at JP Morgan.”

• SLV And Silver Manipulation

• The Global Moral Hazard Dawns: Merkel Says “It Must Be Prevented That Others Come Seeking A Haircut” As Ireland Cuts GDP Forecast

• Eastern europeans steal chewing gum for currency

• St Paul’s protest: City of London to take legal action

• ‘Occupy’ to march on N.Y.C. banks

• Sarkozy Sees More Budget Cuts to Save France’s AAA Rating as Growth Slows

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• MPAA Lists “Notorious” Pirate Sites To U.S. Government