Credit Supernova! by Bill Gross

http://www.pimco.com/EN/Insights/Pages/Credit-Supernova.aspx#.UQp3KOIdHWo.twitter

Greek Newz

In Greece, purchases of more than 500 bucks must be transacted via credit card to ensure proper tax collections....that's if you have the money.
Seizing bank accounts without due process:
http://www.imerisia.gr/article.asp?catid=26516&subid=2&pubid=112986874


In other news, the bankers confess they hosed the people of Greece???
Confessions of the IMF:
http://www.imerisia.gr/article.asp?catid=26516&subid=2&pubid=112987058

Meet the Money Factory

Great name for a website....

http://www.moneyfactory.gov/

And....We're Out of Silver

http://www.treasurydirect.gov/govt/reports/pd/mspd/1943/opdm021943.pdf
2/1/1943  -  Report showing silver dollar holdings by treasury to equal 361,805,991.7 oz.
Silver holdings of 1.17b oz.


On the treasury FAQ page the following:
http://www.treasury.gov/resource-center/faqs/Currency/Pages/edu_faq_currency_sales.aspx


Question:

I have some old silver certificates. How can I trade them in for silver dollars?

Answer:

On March 25, 1964, C. Douglas Dillon, the 57th Secretary of the Treasury announced that silver certificates would no longer be redeemable in silver dollars. This decision was pursuant to the Act of June 4, 1963 (31 U.S.C. 405a-1). The Act allowed the exchange of silver certificates for silver bullion until June 24, 1968. This was the deadline set by the Congress. Since that date, there has been no obligation to issue silver in any form in exchange for these certificates. You may be interested to know that the Congress took this action because there were approximately three million silver dollars remaining in the Treasury Department's vaults. These coins had high numismatic values, and there was no way to make an equitable distribution of them among the many people holding silver certificates.

Silver certificates are still legal tender and do still circulate at their face value. Depending upon the age and condition of the certificates, however, they may have a numismatic value to collectors and dealers.

That's 2,828,619 oz 

http://www.treasury.gov/about/organizational-structure/ig/Documents/oig11004.pdf

2009/2010

7,075,171.14oz

As of 12/5/12 deep storage had not changed from the 7m oz of 2009/2010.

http://www.treasury.gov/about/organizational-structure/ig/Audit%20Reports%20and%20Testimonies/OIG13018.pdf

This article appeared...source is reputable, though often appears overly pessimistic on silver supplies.

http://www.silverdoctors.com/is-ted-butlers-silver-panic-imminent-apple-contractor-claims-new-imac-production-delayed-over-silver-shortage/

Interesting, when put in perspective of:

http://www.safehaven.com/article/5204/the-real-silver-deficit