“Red Hen” sent this bit of global MOAB expansion news: IMF Governors Formally Approve US$250 Billion General SDR Allocation
Courtesy of Steve G.: Credit tightening threatens China’s ‘giant Ponzi scheme’
The Treacherous Path for Housing – 42 Percent of California Mortgages with Negative Equity: $1 Trillion in Mortgages Submerged Underwater in California. $3 Trillion in U.S. Mortgages Underwater and Risking Foreclosure.
JS spotted this: The “Zimdollar:” Dead, but still used for bus fare. (It sounds like something out a of a novel: $3,000,000,000,000 for one bus fare, and goats for barter!)
Items from The Economatrix:
Wholesale Prices Drop More than Expected in July
Coming Soon: Banking Crisis of Historic Proportions