Reader Mike W. sent this: At Estates of the Fabulously Rich, Gilded Era is Going, Going, Gone [1]
D.S. recommended the ShadowStats primers series [2]. D.S. comments: “Most folks that read SurvivalBlog are economically savvy – still, the ‘primers’ by John Williams at Shadowstats.com are excellent and help us understand the systematic distortion (okay, bald faced lies) about the real US Economy … I think this may aid folks as the economy ‘sails off the map’ or as flat earth maps stated ‘beware, beyond here lye Dragons’. Hmmm, think there is a correlation between ‘flat earth cartographers’ and today’s sheeple?”
From Jack B.: China Warns Federal Reserve Over ‘Printing Money’ [3]
Items from The Economatrix:
Global Collapse in Milk Prices Wipes Out Dairy Farmers’ Profit [4]
America’s “Pink-Slip” Capitals [5]
Job Losses Push Safer Mortgages to Foreclosure [6]
This Crisis Isn’t California’s Alone [7] 47 states have budget gaps and not many solutions
Why a GM Bankruptcy Would be a Disaster [8]
US Bonds Sales Faces Market Resistance [9] “The US Treasury is facing an ordeal by fire this week as it tries to sell $100 billion (£62 billion) of bonds to a deeply skeptical market amid growing fears of a sovereign bond crisis in the Anglo-Saxon world.”
From veteran analyst Richard Maybury: What Obama Does Not Know [10]
Federal Reserve Holding Over $2 Trillion in Darkest Balance Sheet in Financial History [11]
Last Hope for Survival [12] (The Mogambo Guru)