Courtesy of reader J.D.D.: Why the U.S. can’t inflate its way out of debt
Some Tough Love from the editors of Der Spiegel: Built on a Lie; The Fundamental Flaw of Europe’s Common Currency
Larry T. suggested this Powerline piece: Buy Gold.
Items from The Economatrix:
Why Italy Faces a Derivatives Time Bomb
Welcome to the United States of Iceland
Big Ax Looming at FDNY: More than 1,000 Layoffs, 62 Fire Companies to be Closed
It’s Going to Implode, Buy Physical Gold Now
$2,000/oz. Gold by the End of the Year
States May Hold Onto Tax Refunds for Months