Nick Dunbar, author of 'The Devil's Derivatives', reveals how the country turned to investment bank Goldman Sachs for help getting around the deficit rules.

In his report for Newsnight, some of those who did the deal, talk publicly for the first time.

Repression is in full swing, rioting is spreading and revolution is almost upon us. The next ten years will bring extraordinary change which hopefully will be for the better, however, there is the small matter of getting through the worst of it first.

By the time 2022 rolls round there will be a gold backed Dinar, a silver backed Peso and a number of forms of digital currency led by Google's vary own cyber Dollar.

The current fiat currencies,

Just in case you missed this, we spotted it on Eric Kings site, King World News, which is well worth a few minutes of your time, in our humble opinion. We have mentioned KWS on more than one occasion so hopefully you have book marked it by now, haven’t you, great!

Dr. Keith Barron: Solidus Capital LTD. - Keith is responsible for one of the largest gold discoveries in history,

The lions share of the damage can be attributed to the demise of the Goldex Mine which had to be written off. At the time the loss was estimated to be around $1.00 per share, however, investors dumped the stock taking it down $10.58 or 18.55% on a huge volume of 13 million shares traded in just one trading session on the NYSE. The Goldex incident has severely damaged Agnico's reputation as evidenced by the continuing slide in the share price,

For disclosure purposes we do own this stock and it has been good to us over the years, however, we are surprised by the continuation of this sell off.

However, this does serve as a reminder to us all, of just how precarious the mining industry can be, when we see a once highly regarded gold producer with a solid reputation taking such a battering.

In this mornings mail bag we have this missive from Egon Von Greyerz of Matterhorn Asset Management, an interview with John Embry of Sprott Asset Management

“Gold is about the furthest thing from a bubble that I can think of.“

We are very fortunate to feature my very good friend John Embry in this month’s Matterhorn Interview. John who knows more about the gold market than probably anyone I know, talks about the “chicanery” in the gold market and why.

He also explains why he is so bullish about silver, about the possible demise of paper money and much, much more.

Egon von greyerz

UK Independence party tells of how the European Union is Blackmailing Greece. This situation in Greece is now the beginning of end, its too little too late as this story stumbles head long to very sad ending. As the only politician with the balls and the brains to have warned us repeatedly about Nigel Farage explains we will hit the wall with Italy, a country just to big to bail.

In discussions with Angela Merkel,

If you visit this website you will see the following notice on it:

US-Iranian saber-rattling or impending shoot-out? In his usual, candid manner, contrarian investor Doug Casey talks about why he believes it's serious this time… why the US is the greatest threat to peace today… why Iran might move towards a gold standard… and what smart investors should do.

L: Doug-sama, I've heard you say you think the US is setting Iran up to be the next fall guy in the wag-the-dog show – do you think it could really come to open warfare?

Doug: Yes, I do. It could just be saber rattling during an election year, but Western powers have been provoking Iran for years now – two decades, really. I just saw another report proclaiming that Iran is likely to attack the US, which is about as absurd as the allegations Bush made about Iraq bombing the US, when he fomented that invasion. It's starting to look rather serious at this point, so I do think the odds favor actual fighting in the not-too-distant future.

L: Could they really be so stupid?

Doug: You know the answer to that one.

While we mock and ridicule the corrupt and often times purposefully obtuse Greek politicians, we often ignore the human cost in the equation (and so does the rest of the world). Unfortunately this is becoming an ever greater issue for a country that is rapidly devolving to sub-3rd world status. Because while we have previously discussed the miserable conditions for a country where ever more people are sliding out of the middle class and into poverty status, in reality it is far worse.

Greece: Parliamentary elections in April 2012

D-Day