Sheila Bair: 'I Can't Believe Bernake, Geithner & Paulson Bailed Out Bear Stearns' (LINKS)

BREAKING - Eight banks fail Europe’s stress tests; 16 more almost fail

Noose is Tightening - S&P Threatens U.S. AAA Downgrade Within 90 Days

DON'T RAISE THE CEILING - Why the U.S. could benefit from a strategic debt default

IMF Issues Warning On EURO Banks

Euro plunges deeper into crisis as Greece's credit rating slashed to 'junk'

Return of the Gold Standard as world order unravels - Ambrose Evans Pritchard

Sheila Bair: 'I Can't Believe Bernake & Paulson Bailed Out Bear Stearns'

Credit Suisse a target of U.S. banking probe

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Ireland's Brian Cowen - Another Very Awkward Moment - Hilarious

CHART - The Real National Debt Is $202 Trillion

Learn To Love A U.S. Debt Default: It Could Be The BEST Thing That Ever Happened To This Country (Chris Whalen Saw It Happening Back In 1992)

Comments

[Michael Rivero]

While I agree we need to return to value based currencies, I would ask that gold and silver be avoided as the same bankers who crashed the global economy already own most of the gold and silver and all we would accomplish is to trade one form of fiscal enslavement for another.

Money can be based on anything mutually agreed to be of value and in enough abundant supply to preclude speculation and manipulation.

I would suggest tungsten, both because it is durable, valuable, and current rumor holds there is already an ample supply hidden inside the "gold" bars at Fort Knox! :)