Don W. sent this: US cities may have to be bulldozed in order to survive. Bulldozing whole neighborhoods? This sounds like a land developer’s dream come true. Talk about “stimulating demand” for new housing… Maybe we ought to crush half the cars in the country while we are at it, just to make sure that the Detroit auto makers will get plenty of business.
Oh, but wait! SurvivalBlog’s Editor at Large Michael Z. Williamson sent this: House ‘cash for clunkers’ plan to boost car sales. Mike’s comment: ” They really are insane. The sheer conceit that makes them believe they can manipulate the economy, and that a trillion here and a trillion there doesn’t matter…”
HPD forwarded this commentary from Mish Shedlock: California Foreclosure Moratoriums an Exercise of Stupidity
Manny B. sent us this: Grocery Stores Begin to Accept Silver! [JWR Adds: This may be a rarity now, but once inflation kicks in, thousands of small merchants will start taking payment in silver coinage. But far fewer will have the savvy to test scrap gold.]
Items from The Economatrix:
G-8 Chiefs Get Ready For Economic Recovery (Right after the Great Pig Air show)
Six Flags Parent Company Files Chapter 11 Bankruptcy
Peak Soil: This Land Grab Is Just Beginning
US Homebuilder Confidence Unexpectedly Fell In June
Schiff: Property Rights Take A Hit
Proud To Be An American? You Should Be Ashamed! (Scroll down for: They Really Are That Dumb Department)
Paper: Inflation Fears Return
Ailing Factory Towns Face Tougher Roads To Recovery
A Look at the Hardest Hit Counties
Weapons Makers Look Overseas as Pentagon Cuts Back