Marc Faber Predicts: Debt Interest Will Lead to Default, Then War [1]. Thanks to Brett G. for the link.
From GG: The Debt Contretemps Everybody’s Ignoring [2]
Several readers mentioned this: Collapse of the euro is ‘inevitable’: Bailing out the Greek economy futile, says French banking chief. [3] In the short term this could push the US Dollar up, and gold down.
The soon-to-be-released Generation Zero documentary [4] looks like is destined to be a success. I noticed that Andrew Sullivan of The Daily Dish [5] is giving it some coverage.
From J.T.: Greek FinMin unveils tax reform, wage policy [6]
GG sent a link to the latest from Mish Shedlock on “revenue enhancement” in the land of Ouzo: Greece Outlaws Cash Transactions Above 1500 Euros, Unveils New Taxes [7]
Items from The Economatrix:
Bipartisan Jobs Bill Won’t Add Many Jobs [8]
A European Crisis, Not a China Slowdown, Will Trigger a Global Collapse [9]
Bankruptcy Bloodbath May Hit Muni Bond Owners Next [10]
Euro Currency Union Showing Strain [11]
Desolate Malls, Empty Offices May Come Soon [12]
The Least-Trusted Banks in America [13]
Doing the Dead Cat Bounce [14]
This is No Time to Bet Against the US Stock Market [15]
Individual Insurance Rates Soar in Four States [16]
Obama Says New Budget Rules Will Rein in Spending [17] (Gee, it must be a matter of one’s perspective, to have “out of control spending” seem “conservative”…)