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RANsquawk EU Data Preview - Eurozone CPI - 14th June 2012
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Ambrose Evans-Pritchard indicates the 'fix' to the EU crisis is the 'sinking redemption fund' proposed by German advisors last year, but previously rejected by Merkel.
Now however Merkel will be pressed into it. Curiously enough, via the leading pressure of Green party leader Jürgen Tritten ... the main German politician who was present at the resent Bilderberg meeting!
This fund is modelled on the 1790s resolution of the various United States' debt burdens after the American revolution, organised by Alexander Hamilton.
Euro-zone countries would pool their debt currently in excess of 60% of GDP, and pay all that off together over decades via common euro-bonds ... but not open-ended euro-bonds or debt-pooling for new debt ... and supervised with veto powers by Germany ... and thus thought acceptable to Germany's constitution.
http://www.telegraph.co.uk/finance/financialcrisis/9330398/Debt-crisis-G...
Spain over 7%!
http://www.cds-info.com/
XAU/USD ready to rip?
Holder is done...
http://sipseystreetirregulars.blogspot.ca/2012/06/sipsey-street-exclusiv...
Multiple, previously highly credible, sources close to the Gunwalker investigation report that there are at least one and perhaps two sources within the Department of Justice headquarters who have approached the Issa Committee seeking whistleblower status. One source, who reported that there were at least two of Eric Holder's subordinates who "came in from the cold," characterized them as "high-level" DOJ employees "with knowledge of Eric Holder's actions before and after" the 4 February 2011 DOJ letter denying that the DOJ and its subordinate agencies knew about "gunwalking." That letter has since been admitted by DOJ to have been a lie. If true, one or both of these whistleblowers may be the so-called "mole" -- a source within DOJ said to have been leaking documents, including the wiretap affidavits, to the House Oversight and Government Reform Committee.
What they bring with them from the cold, according to one source, is "the keys to the kingdom as far as Holder is concerned," adding "if this comes out before the (contempt) vote (on 20 June), then Holder is toast." Said another, "not even Boehner will be able to stop it. Hell, he'll really jump on board and act like it was his idea."