It's Over

By Karl Denninger
At market-ticker.org

We're done folks.

CNBC is reporting that there are now clients running out of the markets entirely because they do not believe their customer funds are safe.

That's the end of it. The belief that there are more MF Globals has now taken hold. The thieves have pushed it too far and now we've got the start of a global liquidity run, and with good reason.

The authorities both in the regulatory side and on the prosecutorial side have refused to put a stop to the thievery and now the risk factors have turned into realized risk.

The market is done folks. You can be right but if you make your bet in the markets, are right, and then get screwed anyway when someone steals the money and nobody goes to jail there comes a time when people begin to understand that it can happen to them and will unless they depart the market.

We're there folks.

Oh sure, there will be rallies and there will be selloffs. But there is no longer a market, there is no longer a thing to trade, and there is no longer a reason to believe that superior analysis will lead to profit or even safety.

This isn't just about speculators - it is also about farmers, shippers, airlines, manufacturing concerns, everyone in business who has a need to hedge.....read on

Forbidden Fruit: 'Threatening Iran spurs nuke weapon bid'

From: RussiaToday  | Nov 22, 2011

Occupy EU: Eurocrats storm offices for more cuts

By RussiaToday on Nov 20, 2011

US, UK, Canada sanction Iranian banks

From: RussiaToday  | Nov 21, 2011 

 

The UK has declared it's severing all ties with Iranian banks. The U.S. has also announced it's joining Britain and Canada in targeting hit Iran's economy with new sanctions over its controversial nuclear program.

U.S. to Impose New Sanctions on Iran

From: AssociatedPress  | Nov 21, 2011 

 

Thwarted internationally, the Obama administration cobbled together a new set of best-available sanctions against Iran on Monday that underlined its limited capacity to force Tehran to halt its suspected nuclear weapons program.

Christmas tree made of pure gold

From: AssociatedPress  | Nov 21, 2011 

 

On Tuesday, Tokyo jeweler Ginza Tanaka unveiled a Christmas tree made of pure gold worth 1.95 million dollars. The store says it's the most expensive Christmas tree they've ever created.

Capital Account: Economic Hit Man John Perkins on the Failed Global Corporatocracy

From: CapitalAccount  | Nov 21, 2011

Double Standards - Espionage

From: PressTVGlobalNews  | Nov 20, 2011  | 382 views

http://www.presstv.com/Program/211157.html

The topic of this week's show is Espionage and we talk to someone who is being one of world's biggest spy masters.

Also coming up on the show, the austerity measures for Obama, Sarkozy and the Saudi King, as they jet set from one five star hotel to another to discuss the world economic problems.

Russian warships off Syria, US carriers near Iran

From Debka

Big power gunboat diplomacy is in full spate in the Mediterranean and Persian Gulf. Washington is underscoring its military option against Iran's nuclear program, while Russia is demonstrating its resolve to prevent NATO attacking Syria after Libya and defending Bashar Assad's regime. Monday, Nov. 21,

Russia's foreign minister Sergey Lavrov accused Western nations of "political provocation" by urging the Syrian opposition to refuse to negotiate a settlement with Assad.

Turkish Prime Minister Tayyip Erdogan, for his part, advised Assad: "You can only continue with tanks and guns to a certain point, the day will come when you will go."

Debkafile's military sources note that Russia and America adopted aggressive postures on Nov. 12, when two American carriers, the USS Bush and USS Stennis sailed through the Strait of Hormuz side by side and took up position opposite the Iranian coast.

That was also the day when a mysterious explosion at the Revolutionary Guards base near Tehran wiped out the entire leadership of Iran's ballistic missile program.

Five days later, on Nov. 17, the Syrian news agency reported three Russian naval vessels on the Mediterranean were heading toward Syria.

Monday, Nov. 21, presidential sources in Damascus announced three warships had entered Syrian territorial waters outside Tartus port.

Those sources stressed the Russian ships would not anchor in the Syrian port, indicating that their mission was not just to show the flag for the Assad regime but was on operational duty along its coasts to resist any foreign intervention in Syria unrest.

Our military sources are watching to see whether the Russian flotilla targets the small craft transporting arms from Lebanon and Turkey to Syrian rebels fighting the regime. If so, Moscow would be able to present these strikes as actions against piracy which would fall under a UN Security Council resolution......read on

France handed financial warning

From: Euronews  | Nov 21, 2011