The Case Against Lehman Brothers - The Credibility Trap

This documents the investigation into Repo 105 and the fraudulent transfers between New York and London, and when the accounting firm of Ernst & Young knew of them. The SEC and the Federal Reserve were there at the company, with access to the records, when all this happened.

And of course, there have been no indictments. And the reason may be that the SEC and the Fed, in their desire to maintain confidence in the system, knew about it and failed to disclose it. Or they could claim incompetence and a failure to do their jobs in protecting the public from financial fraud.

This is the credibility trap. When you are complicit in a fraud, in any number of ways, you cannot take effective, credible action against it, and deter other frauds from occurring.  And you cannot afford to even discuss the issues credibly, because your are too compromised in your own actions, or inaction.

Max Keiser Interviews Gonzalo Lira On the European Crisis

Currency Wars: Rickards On Gold, QE, and the Economy

Jim Rickards is interviewed by FutureMoneyTrends.com.

Part 1 is focused on Gold manipulation and why gold plays such an important role in the world, even if conventional wisdom doesn't believe so, gold is not only being watched by central bankers, as Mr. Rickards put, "the gold price is being managed."

Part 2 expands into the economy and probability of more quantitative easing (QE). According to Mr. Rickards, QE will come in the next few months because it can't be done this fall since it will look political, and if the FED tries to wait until December, it will be too late.

Gold Daily and Silver Weekly Charts - Winding Into the Apex, Slowly