Reader Johnny G. recommended an article by PIMCO’s Bill Gross titled: The Ring of Fire. Johnny’s comment: “It is interesting to see how and where SurvivalBlog precepts and the predictions of well connected, mainstream bond investors’ converge.”
Some folks in England are catching on to what privately owning gold means: How to live without banks. (Thanks to Karl P. for the link.)
George Gordon (“GG”) sent us this: The Fed’s Anti-Inflation Exit Strategy Will Fail; Sooner or later the pressure to lend out excess bank reserves will be unstoppable.
Items from The Economatrix:
The Latest Installment of the Friday FDIC Follies: Six More Banks Bite the Dust in California, Florida, Georgia, Minnesota, and Washington