Reader B.B. sent us the link to this “must hear” audio clip: Peter Schiff issues a Red Alert: “Get out of the US dollar”. Schiff warns: “This is what the Weimar Republic did, and we are going to have the same result.”
Flavio liked this video clip of an an interview with Steve Forbes and Thomas E. Woods: Is Capitalism the Cause or the Solution to the Financial Crisis? This 28-minute video is well worth watching.
GG suggested a piece by Carnegie Mellon University professor Allan Meltzer in the Wall Street Journal: The United States is headed toward a new financial crisis.
Karen H. flagged this item: Goldman Sachs Still Paid for Swaps on Redeemed Bonds
Items from The Economatrix:
7,000 Unemployed Americans Lose Their Lifeline Every Day. 200,000 to lose benefits in October if not extended
Seven Months After Stimulus 49 of 50 States Have Lost Jobs
The Sound You Hear is the Social Fabric About to Snap Real unemployment is really at 17%