Obama will deliver the State of the Union address tomorrow.

This week is a stock market expiration week.

Eric Sprott sees the gold scrap market drying up, and a default coming on the COMEX.

The G7 issued a statement ahead of their meeting in Moscow saying that there would be no escalation in the currency war.

To paraphrase Orwell, economic language 'is designed to make lies sound truthful and to give an appearance of solidity to pure wind.'

When the G7 show us a workable, sustainable solution to the reserve currency crisis, that is acceptable to the world at large including the BRICs, perhaps one might tend to take their diplomatic dispatches more seriously.

Meanwhile, the currency war continues as the Anglo-American economic empire, its multinational companies, and its client states resist change and reform at every opportunity.