Net Asset Value of Certain Precious Metals Trusts and Funds

Fitch Warns May Cut Greece to 'Junk'

The objective is nothing less than for the Anglo-American banking cartel to control the world's money supply. One major currency is almost as good as one world government.

Fed Extends Dollar Liquidity Swaps Until August 2011

Cry havoc and let slip the dogs of currency war.

MarketWatch
Fitch May Cut Greece Debt to 'Junk'
By Sue Chang
December 21, 2010

SAN FRANCISCO (MarketWatch) -- Fitch Ratings on Tuesday placed Greece's BBB-long-term foreign- and local-currency issuer default ratings on downgrade review, raising the possibility that Greece's sovereign rating may be cut to junk in the near future. "A Rating Watch Negative indicates that there is a heightened probability that Greece's sovereign ratings will be downgraded," said Fitch in a statement. The review is expected to be completed in January and will focus on Greece's fiscal sustainability, the country's economic outlook and the political will of the government to carry out reforms, Fitch said.

"And Caesar's spirit, ranging for revenge,
With Ate by his side come hot from hell,
Shall in these confines with a monarch's voice
Cry 'Havoc!' and let slip the dogs of war;
That this foul deed shall smell above the earth
With carrion men, groaning for burial."

William Shakespeare, Julius Caesar, Act 3 Scene 1

SP 500 and NDX March Futures Daily Charts

US equities seem to be drifting higher on very low volumes, led by the SP 500 futures which are reaching up for 1251, the better to paint a bright holiday season for the Wall Street insiders and their political cronies.

The primary industry in the US is now financial engineering (less euphemistically known as fraud), and it appears that business is still brisk and quite profitable despite the recent crisis.

I have some expectation of a rather sharp decline in equities, but I will not get out ahead of it, given the Fed's willingness to keep providing fresh dollars to their banking friends who are papering their way to prosperity at the expense of the many.