GG recommend this three-part YouTube video: Hyperinflation Nation [1]
Greg C. spotted this item from New Zealand: $190,000 withdrawn in $20 bills; Irate bank customer hits back [2]
From GG: Poll: Americans lacking in emergency funds [3]
Items from The Economatrix:
Retail Industry Braces for Shopping Center Collapse [4]
California Hotels Flood the Market [5]
Biden, Oh Biden! [6] (The Mogambo Guru)
Toyota Said to Plan to Shut California Car Plant on First Ever Closure [7]
Gary North: The Coming Great Government Debt Default [8]
TARP Watchdogs Criticize Treasury Over Transparency [9]
Minimum Wage Hike Could Threaten Low Earners’ Jobs [10]
CalPERS, Teachers’ Retirement Loses Almost $100 Billion
Guaranty’s Collapse May Hit Stakes of Icahn, Rowling [11] “Guaranty Financial Group Inc., the Texas bank spun off in 2007 by a forest products company, may become the biggest lender to collapse this year, wiping out investments by billionaire Carl Icahn’s funds and Omni Hotels owner Robert Rowling. Guaranty can’t raise capital demanded by regulators and will probably fail, according to a filing yesterday with the Securities and Exchange Commission….A failure would be the largest among consumer lenders since September, when regulators seized the banking unit of Washington Mutual Inc.”