Do you remember how back in 2007 [1] I described commercial real estate as “the other shoe to drop..”? Matt B. sent this article on how it is indeed collapsing [2].
“Elfin” spotted this: Fed Planning Inflationary Dollar Destroying 15-Fold Increase in US Monetary Base – and then things really go bad! [3]
G.G. alerted us to the new video [4] and and audio [5] clips of Peter Schiff speaking at the 2009 Austrian Scholar’s Conference: “Why the Meltdown Should Have Surprised No One”. G.G. notes: “This is very entertaining. Listen closely to last 15 or so minutes for Schiff’s description of what he sees coming.” JWR Adds: I found Schiff’s speech to be both very funny and some good confirmation from my own published conclusions about the unfolding economic collapse.
From Shrike: Chinese Central Banker Sketches Plan For New Reserve Currency [6]
Items from The Economatrix:
Dow Up Nearly 500 on Bank Plan, Rise in Home Sales [8]. (Reader K.A.F. notes: “Looks like we’re going to have nationalized banking, owned in majority interest by Uncle Sugar and controlled by the Fed Reserve.”
Sen. Judd Gregg: This Country Will Go Bankrupt [9]
Let it Die: Rushkoff on the Economy [10]
Americans Enraged by Fresh AIG Bonus Revelations [11]
Geithner’s Bank “Rescue” Not Enough [12]
London Braces for Mass G20 Protests [13]
Hope Fading for Salvation at G20 Summit [14]
G20 Warned Unrest Will Sweep Globe [15]
Paul Craig Roberts: Launching Lifeboats Before the Ship Sinks
The Collapse of Manufacturing [16]
Half of Us Have One Month of Cash Cushion if Laid Off [17]
Safe? But of Course!!! [18] (The Mogambo Guru)