More on the unfolding derivatives debacle: The $300 Trillion Time Bomb
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Mark sent us this news article link: Mass Zimbabwe arrests over prices. Mark’s comment: “Note that today [in Zimbabwe] a single banana cost more than a four bedroom house did in 2000.”
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David V. recommended this history article from Alaska that has a some applicability to retreat provisioning: Black River Trapper: Fred Thomas
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From Gold-Eagle.com, Gary Dorsch, Editor of Global Money Trends (by way of SHTF Daily): Global Exodus From The US Dollar In Motion. The article includes this alarming statistic: “Since the Bernanke Fed discontinued the decades-old reporting of the broad M3 money supply in March of 2006, the growth rate of M3 has accelerated from an 8% rate to a sizzling 13.7% clip, its fastest in more than three decades. The Bernanke Fed is preventing borrowing rates from rising at a time of explosive loan demand for US corporate mergers and takeovers, by rapidly increasing the US money supply.”