The Old Yooper mentioned this FSU piece: Signposts Towards the Inevitable [1]. The graph showing the upcoming second wave of ARM [2] is particularly alarming. There will be some real ARM-twisting then!
Thanks to G.G. for this piece: Irish government faces growing fears of debt default [3]
Steve S. recommended a video of a lecture on the history and nature of debt-based modern currencies, and their implications on freedom [4].
DS spotted this: As U.S. Borrowings Rise, Treasurys Begin to Pop [5]. As I’ve mentioned before, look for a big jump in Treasury yields as a key indicator that stagflation is ahead.
Items from The Economatrix:
America Has to Come to Grips that it is Bankrupt [6]
Rich Chinese Buying Bargain US Homes [7]
Roubini Tells Geithner to Nationalize US Banks [8]
Pound Falls Further [9]
UK Unemployment to Hit 3 Million
China is Right to Have Doubts About Who Will Buy American Debt [10]
IMF Chief Warns Second Wave of Countries Will Need Bailout [11]
Ireland Could Default on Debt [12]
UN Lobbies for Share of Bank Bailout Funds [13]
$60 Billion Loss at RBS Prompts Savage Job Cuts [14]
Spain’s New Jobless Crowd Soup Kitchens [15]
Failure to Save Eastern Europe Will Lead to Worldwide Meltdown [16]
Cash Crisis Forces California to Free 55,000 Prisoners [17]