Reader Jay B. wrote to mention this: IMF doubles lending capacity. Jay's comment: "Didn't you hear the printing presses speed up? You didn't? Well, I will give you a hint, and it sounded like a sonic boom."
Coin Dealers Squeezed By New Ordinances. JWR's Comment: To expect a coin dealer to hold merchandise for 15 to 30 days in a volatile precious metals market is absurd. No doubt their bid prices will be decreased, to cover the additional risk.
Doug Casey: Expect Extreme Volatility a the Titanic Forces of Inflation and Deflation Fight Each Other
The big swindle and a fog of debt – hiding the unemployed in the higher education bubble and three years of economic recovery equates to 11.5 million more Americans on food stamps.
Items from The Economatrix:
The Birth Of Barter: How One Greek Town Dropped the Euro and Moved On
IMF Tells US to Sort Out Debt, Quickly
Baseball Attendance Provides a Good Economic Indicator
Is The Economic Recovery Sustainable?