• New Currency Controls in US at Currency Online; Capital Flight and Forced Repatriation in Europe

ALSO FROM MISH…

• Perfect Storm the Most Likely Scenario; Is Europe Set to Declare a Chapter 11 in Early 2012?

• Turk – MF Global Disaster to Create Another Lehman Crisis

• BOE Says Concern Over Financial-System Shock Rises ‘Sharply’

• Wall Street Unoccupied With 200,000 Job Cuts

JP Morgan made a MASSIVE adjustment of PHYSICAL SILVER into its REGISTERED VAULTS, moving over 1 MILLION OUNCES from eligible into REGISTERED OVERNIGHT!

*JP Morgan adjusted 1,103,280 ounces out of eligible vaults, and into registered vaults.

JPM’s registered inventories TRIPLED from 557,265 ounces to 1,660,545 ounces on Tuesday!
Is JPM preparing for substantial delivery demands for December?

The similarity between the 1.1 million ounce adjustment into registered by JPM and the 1.4 million ounces of registered silver that remain not eligible for delivery due to the MF Global fiasco is striking.
Perhaps JPM is moving to prevent a COMEX default due to the 1.4 M ounces of registered physical being unavailable for delivery, and JPM is receiving massive amounts of notices of intents to stand for delivery as everyone realizes they do not want to end up like Gerald Celente

Dale

• MF Global Trustee Says Shortfall Could Exceed $1.2 Billion

• Finally, a Judge Stands up to Wall Street

• Cameron’s Speech To The CBI – Eurozone Having A ‘Chilling Effect’ On UK Economy

• Did Someone At FINRA Do Corzine A Favor And Waive His Registration Requirements?

• Foreclosure Firm Steven J. Baum to Close Down

• MF Global Shortfall May Exceed $1.2B

• UK’s debts ‘biggest in the world’