El-Erian: World On Eve Of Next Financial Crisis, 2 More BofA Lawsuits, Gold & Silver Slaughtered, Missing $10M Moon Rock Found Among Bill Clinton's Files (14 LINKS)

• Obama $8 Billion Solar Push Now WASTED As China Backs Rival Tech - Bloomberg
• El-Erian: World on Eve of Next Financial Crisis
• Moody's downgrades 8 Greek banks
• BofA sued by shareholders over $10 billion AIG loss
• Five Banks Account For 96% Of The $250 Trillion In Outstanding US Derivatives
• Silver drops 18%, worst in decades
• Gold futures have worst day in five years
• Economist Dean Baker's Simple Idea To End The Foreclosure Crisis
• NEW BofA Lawsuit Filed By Counties Over UNPAID Registrar Fees - Bloomberg
• Swiss Must Save UBS’s BONUS Pool Or Die Trying - MUST READ
• Missing $10 Million moon rock found among Bill Clinton's files
• The Real Solyndra Scandal Is U.S. Approach to Energy Subsidies - Bloomberg
• BUSTED: DEMs Admit Racism Charges Against Tea Parties A Tactic, Not A Truth
• Liberal Reporters Vs. Conservative Black Leaders At Press Conference

Additional stories are in comments.

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The Stoner Arms Dealers: How Two American Kids Became Big-Time Weapons Traders (Rolling Stone Exclusive)

The e-mail confirmed it: everything was finally back on schedule after weeks of maddening, inexplicable delay. A 747 cargo plane had just lifted off from an airport in Hungary and was banking over the Black Sea toward Kyrgyzstan, some 3,000 miles to the east. After stopping to refuel there, the flight would carry on to Kabul, the capital of Afghanistan. Aboard the plane were 80 pallets loaded with nearly 5 million rounds of ammunition for AK-47s, the Soviet-era assault rifle favored by the Afghan National Army.

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Dylan Ratigan On The Wall Street Protests: "Financial Interests Own Congress And They Make The Rules"

Solid discussion from yesterday's show.  Start watching at the 3-minute mark.

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Jon Stewart On Wall Street Bonuses

• "I guess the only real difference between bankers and movie stars is when Nick Cage lost all his money, I didn't have to bail him out."

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Porn Publisher Larry Flynt Funds Million Dollar Campaign To Expose Rick Perry

Before we present this story, take a minute to read this background piece that explains the interest in exposing the hypocrisy that is Rick Perry:

• Tea Party Fraud Rick Perry Has Political Herpes - Cocaine, Strippers And Fake Christianity

Politicians tend to be hypocritical liars by nature, but there is no other 2012 candidate who prevaricates as often and with such aggressive disdain for the truth as Perry.

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Obama The Waving Moron - Photo Of The Day

In a group photo with world leaders, Obama's waving hand blocks the face of Mongolia's president — and incites a fresh round of internet ridicule.

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Jim Rogers: Global Recession Will Be Worse Than 2008

Reuters Video - Jim Rogers On Global Recession - Sep. 21, 2011

Solid short interview from Wednesday - Runs 3 minutes.

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Olbermann Calls Out MSM For "Media Blackout" Of Wall Street Protests

Video - Keith Olbermann On 'Occupy Wall Street' - Sep. 21, 2011

Is it really any surprise that the corporate media would keep this issue on the down-low. Self-preservation is a powerful motivating force.  We've seen coverage by Democracy Now, Dylan Ratigan, Keith Olbermann and inside, Cenk of The Young Turks.  And that's all we're likely to see.

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Ron Paul Highlights GOP Fox/Google Presidential Debate

Video - Complete Ron Paul Highlights From Last Night's Debate - Sep. 22, 2011

Republicans were at the podiums again Thursday night with questions submitted by voters through Google and Fox News.

Related Ron Paul Stories:

• Post-Debate Interview - Ron Paul On Hannity
• Ron Paul Campaign Responds to Bernanke, Federal Reserve’s Latest Move
• Jon Stewart: Ron Paul to visit Daily Show on Monday - 9/26
• Newt Gingrich on Ron Paul: "History will recognize him for fighting the Fed"
• NEW POLL: Ron Paul 2nd in New Hampshire! (Rick Perry 4th)

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Barton Biggs Supports Endless Bank Bailouts: "We Need A $400 Billion Euro TARP, I'm Not An Advocate Of Hegel's Creative Destruction"

Video - Morgan Stanley's Barton Biggs said the following yesterday on Bloomberg:

• "We're on the eve of a new financial crisis."
• "Nowhere is safe to invest."
• "I wish I were not in the markets."
• "I want to see an important stimulus program in the United States, combined with major reform in social security, Medicare and our defense budget.  If we did that, we could have a 20 percent rally."

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G-20 Threatens Bailout Insanity - All Hail The Euro TARP

Every member of the G-20, save China, is in debt up to their eyeballs, but since when has solvency been an impediment to sovereign-collapse, debt-can, ass-kicking.  

Bring On TARP 2.0 - European Style:

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Head Of IMF And World Bank Discuss Global Economy

Video inside runs 1 minute.

IMF Chief Christine Lagarde said advanced countries need to prioritize balancing their budgets, while the World Bank's President Robert Zoellick warned that an economic crisis in the developed world could spread to developing countries. Both spoke at the IMF headquarters in D.C. Thursday.

• Greek minister says 50% haircut possible
• ECB's Knot says Greek default possible: reports
• Greece: Talk of default counterproductive
• No EU speedup for problem banks' recap plan

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Global Stocks At A Precipice - DOW Plummets 350 Points

Today's selloff in global equity markets, and especially in the U.S. have a slightly different feel than what we've seen in the past month of volatility.  Take it for what it's worth, but I suspect the DOW and S&P 500 will break to the downside of recent trading ranges.  Here's a look at stories moving global markets this morning.

• Follow the DOW Live
• DOW Theory Bearish Signal?
• European Stock Markets Fall Sharply
• Conference Board - Economic indicators signal weak growth
• Asian Stock Markets Plummet
• Pimco: French banks could lead Europe into recession
• Euro-Zone Manufacturing & Service Sector Slip Into Recession
• China manufacturing data paint weak picture
• Bank Of America Is Becoming A "Counterparty Risk" Like Bear And Lehman
• Morgan Stanley's Exposure To French Banks Is 60% Greater Than Its Market Cap... And More Than Half Its Book Value

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"We Are Advising Our Clients To Put Everything They've Got Into Canned Food And Shotguns"

• Watch Markets LIVE Here

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