Bullion sales hit record in rush to safety
[1]
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Rory sent us a link to a video clip of a home invasion robbery foiled by an armed and vigilant Tucson homeowner [2]. Given the 1-to-4 defender to attacker ratio, the homeowner did a creditable job.
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Our thanks to Florida Guy and Scotty who both sent this: Gun dealers experiencing shortages of ammo [3]
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Some news and commentary, courtesy of The Economatrix: Marc Faber: US Will Default on Debt or Enter Hyperinflation [4] — California Begins Employee Furloughs, Closing Offices [5] — Record 19 Million Homes Stood Vacant in 2008 [6] — GM Investing $1 Billion of Stimulus Money in Brazil Operations [7] — Port Container Traffic Fell 8% in 2008 [8] — Bond Market Calls Fed’s Bluff as Global Economy Falls Apart [8] — IMF May Run Out of Cash in Six Months [9] — WTO Chief Warns of Political Unrest [10] — Bad Times Brings Back Cattle Rustling [11] — Senate Passes Economic Recovery Plan [12] — Stocks Plunge 4.62% on Lack of Specifics in Bailout Plan [11] — Asian Shares Fall After Obama Says “US Faces Full Blown Crisis” [13] — Half of China’s Toy Factories Close After Slump [14] — Air Freight Drops as Global Trade Seizes Up [15] — Nugget by Nugget [16] (The Mogambo Guru) — US Rail Traffic, Carloadings Tumble [17] — GE and Citigroup Face Losses on Store Cards [18] — Iceland is Steamed [19]