Eric Cantona told to stick to football

From the UK Telegraph:

Christine Lagarde, France's finance minister, has told Eric Cantona, to stick to football after the former Manchester United striker called for a nationwide run on banks.

"Mr Cantona is no stranger to controversy. He is a great footballer, but I'm not sure we need to pay heed to all his suggestions," Ms Lagarde said

In a filmed interview last month that became a YouTube hit, Cantona said millions of people should start a revolution by withdrawing their money from their banks.

"No weapons, no blood," he said, invoking the calling card of notorious French bank robber Albert Spaggiari, who in 1976 made off with millions of francs after tunnelling his way into a branch of Societe Generale......read on

US Mint Sells Record 4.2 Million American Eagle Silver Coins In November

by Tyler Durden on 11/30/2010
Zerohedge.com

In what is becoming a very sad development, the more money (pardon, monetary base) Bernanke prints, the more silver coins Americans buy. According to the US Mint, November sales of silver just hit 4.16 million ounces or coins, an all time record, since the introduction of the coin in 1986, and that does not even include the last day of the month. The number is roughly a 30% increase to the 3.15 million one-ounce Eagles sold in October, and well above the previous 2010 record of 3.6 million sold in May. So far in 2010, the mint has sold 32.8 million ounces of silver, higher than the previous full year record of 29 million coins set in 2009.......read in full

Bernanke Tells Executives He's Concerned About Jobless

From Bloomberg:

Federal Reserve Chairman Ben S. Bernanke said the economy isn’t growing fast enough to “materially” reduce unemployment and expressed concern about workers who have been without a job for a long time.

“This is very unusual and very worrisome because people who are out of work for an extended period, their skills tend to erode,” Bernanke said at a meeting with business leaders in Columbus, Ohio. The share of unemployed who are jobless for more than six months is greater than 40 percent, Bernanke said........read on

999 Silver

Time to Sell Bonds?

By Steve Belmont, The Daily Reckoning:

11/29/10 Chicago, Illinois – Every time a frightening headline jolts the financial markets, investors flock to the relative “safety” of US Treasury bonds. But just how safe is a “safe” Treasury bond?

The most insidious and dangerous part of the global debt story is hiding in plain sight. US Federal debt is now roughly 85% of American GDP, according to “official” figures. But after including the present value of future liabilities like Social Security and Medicare, US debt-to-GDP soars to nearly 500%.......read on

The campaign to withdraw your money from the Banks on 7 Dec goes multilingual

Wikileaks - Taget for 2011 a top US bank (could it be JP Morgan Chase?)

Mike Maloney & Max Keiser - Part III Gold is the Ultimate Store of Value"

Keiser Report - The US$ is on Death Row

IMF's gold sales slowed 40 pct in Oct. vs Sept.

From Bloomberg:

IMF slowed rate of gold sales by 40 pct in Oct. vs Sept.

* Cumulative on-market sales 148.6 tonnes by October (Recasts, adds details, background)

NEW YORK/WASHINGTON Nov 29 (Reuters) - The International Monetary Fund has slowed the rate of selling its gold by 40 percent in October from the previous month, as interest among central banks to own the metal increased as a hedge against economic uncertainty......read on