The story, along with the 4:41 minute video clip with the good doctor was posted over at the finance.yahoo.com website yesterday...and I thank reader Randal Reinwasser for sending it along. The link is here.

Some of the world's most prominent central bankers may have to hope the pen is as mighty as the sword. With the Federal Reserve, the European Central Bank and other authorities in industrialized countries already stretching the limits of monetary policy, pressure has risen for them not go any further, and even to begin pulling back.

Top officials have had to rely increasingly on speeches - not always successfully - to convey to financial markets how they intend to manage their economies. "A new policy regime characterized by jawboning is now here," said Eric Green, economist at TD Securities. "Policy is more constrained and more accommodation increasingly problematic in scope and complexity."

This short Reuters piece was posted on their website on Sunday...and I borrowed it from yesterday's King Report. It's worth the read...and the link is here.

In her first visit to the White House since her election more than a year ago, Ms Rousseff voiced concern over an "expansionist" monetary policy that has caused a "depreciation in the value of currencies of developed countries, thus impairing growth" in other nations.

The Brazilian government has taken aggressive steps to try to tame the strength of its currency and protect exports, with the country's central bank intervening in the currency markets in recent weeks.

"Brazil will continue to take whatever actions required to offset the detrimental effects of QE policies," Ms. Rousseff said.

This story was posted in The Telegraph late yesterday afternoon in London...and is Roy Stephens first offering of the day. The link is here.

Italy's leading MIB index plunged 5pc and Spain's Ibex fell 3pc amid fears that the eurozone's third and fourth biggest economies were in the grip of a deadly and uncontrollable spiral of debt and recession.

The borrowing costs of both "sinner states" soared. The yield on Italy's benchmark 10-year bonds jumped to 5.7pc, heading into the danger zone that is considered unsustainably high. The equivalent Spanish debt climbed to 6pc. Meanwhile, the yield on safe-haven German bunds was pushed to an almost record low of 1.6pc. UK gilts benefited, too, dropping to 2pc.

The yields reflected a level of fear on the bond markets not seen since the fraught period before Christmas when traders bet that the eurozone could collapse.

France's CAC index fell 3.1pc, Germany's DAX dropped 2.5pc and in London more than £33bn was wiped off the value of Britain's biggest companies as the FTSE 100 fell 2.2pc. In the US, the Dow fell 1.7pc - its worst day so far this year.

This must read story appeared in The Telegraph shortly before midnight British Summer Time yesterday...and is Roy's second offering of the day. The link is here.

Greece is offering a ‘cop-for-hire’ service, renting out policemen for €30 per hour, plus €10 if you want a police car too. It triggered fears that security of people who cannot afford a policeman for hire may be affected in favor of those who can.

This new way for the cash-strapped Greek state to raise money will "pay for the cost of using police materials and infrastructure, and allow to modernize them", the Ministry of Citizen Protection said in a statement.

The Police services on offer were previously used in "exceptional cases" – escorting the transportation of dangerous material or art works and were free of charge. Now, Police services have a price-tag. If you need something special the hourly fee for patrol boats is €200, and €1500 for helicopters, according to the Proto Thema newspaper.

This Russia Today story was posted on their website yesterday...and is another Roy Stephens offering. The link is here.

US President Barack Obama has issued an ultimatum to the leadership in Tehran before ... setting optimal conditions for an "all options on the table" exercise.

Obama has made an offer to Tehran to "negotiate" its nuclear program - ahead of long-delayed talks between the "Iran Six" (P5+1 - the five permanent members of the UN Security Council - the US, the United Kingdom, China, Russia and France - plus Germany) and Iran scheduled for Istanbul on Saturday.

For starters, it's not an offer; it's a list of demands - even before any negotiation takes place. And these "near term" concessions are packaged - according to the president's own rhetoric - as a "last chance".

In modern times, this used to be known as an ultimatum. In the post-everything era, it passes for "international diplomacy".

As I said yesterday, it's basically the 2012 version of "the Hull note" delivered to the Japanese shortly before hostilities began on December 7, 1941. This rather short piece was posted over at the Asia Times website yesterday...and is another Roy Stephens offering. I consider it a must read...and the link is here.

Last Friday the "Capital Account" program of the Russia Today television network, hosted by Lauren Lyster, focused on gold and silver market manipulation, interviewing Mike Maloney of GoldSilver.com and citing GATA, silver market analyst Ted Butler...and last week's comments on silver market manipulation by JPMorganChase's Blythe Masters.

This GATA release from yesterday contains the link to the above RT interview...and a few other things as well. It's well worth your time...and the link is here.

The first is fund manager Egon von Greyerz...and his blog is headlined "Chinese Imports of Gold are Massive Right Now". The second is with James Turk...and it's entitled "Gold Shorts in Retreat, Currency Destruction Guaranteed". And lastly is a Dan Norcini blog. It's headlined "Take That Gold Shorts, as Massive Bids Shock Market."

Centennial Precious Metals proprietor Michael Kosares writes that gold's future is likely to be secured most by the change in central bank attitudes toward the monetary metal. While they were recently big sellers, Kosares notes, central banks are now net buyers, with China likely taking the lead.

I found this story in a GATA release yesterday...and both the headline and the introduction are courtesy of Chris Powell. Kosares' commentary is headlined "Surging Central Bank Gold Demand Adds New Dimension to Bull Market" and it's posted at Centennial's Internet site, USAGold.com. The link is here.

Silver market analyst Ted Butler writes that JPMorgan Chase's carefully scripted televised acknowledgment of complaints of silver market manipulation is a hint of a major change in the market. Butler also rebuts the investment house's claims of innocence.

Well, it didn't take long for Ted to post this in the public domain. I included three paragraphs of it in this column yesterday...and here's the rest of it. It's a must read for sure...and it's posted over at the silverseek.com website. The link is here.