The dip in silver that you’ve been waiting for has arrived. Take advantage of it. Come November, you’ll be patting yourself on the back for your foresight.
Steve G. sent us the latest from Mish Shedlock: As of Friday August 14, 2009, FDIC is Bankrupt. Don’t worry, be happy. Uncle Tim and Uncle Ben have a plan: Just add linen paper and ink!
A hilarious interview with The Mogambo Guru (aka Richard Daughty) was posted by The Daily Bell.
From Heather H.: Mountain of Debt: Social Security crisis looms. Heather’s comment: “Finally, someone had the guts to call Social Security a ‘Ponzi scheme’.”
Federal Reserve Secretly Buying Treasuries at Auctions
Even more in the The Mother of All Bailouts (MOAB): Social Security crunch coming fast. (Thanks to DD for the link.)
Items from The Economatrix:
Stocks Plunge as Investors Worry About Consumer Spending
AP Investigation: California Lawmakers Boost Staff Pay (“What budget crisis?”)
Mike Whitney: The Economy is in Deep, Deep Trouble
Chicago City Government Closed Monday Due to Budget Constraints.
Europe and US Still at Risk for Deflation Trap
Lack of Inflation Means No Rise in Social Security Benefits
Consumer Confidence Falls Unexpectedly in August Yikes! The lowest measure of buying confidence in 60 years!
Stocks Drop Around the World on Economy Concerns