Joseph C. sent a link to this: Why U.S. debt matters to you [1]
Trent H. flagged this: For Some Homeowners in Foreclosure, a Rent-Free Approach [2]. Trent’s comment: “This attitude is astonishing and disappointing. The attitude that ‘the banks are crooks’, and thus its okay to behave similarly is frightening.”
From Brian B.: Federal debt tops $13 trillion mark [3]. (And that doesn’t include the massive future obligations like government pensions)
Why a ‘new euro’ could be the saviour of the European dream [4]. (Thanks to L.R. for the link.)
Items from The Economatrix:
First-Time Jobless Claims Drop for Second Week [5]
Retailers’ Reports Show Tepid May for Shoppers [6]
China Ready to Say Good-Bye to the Dollar [7]
Iran to Dump 45 Billion Euros for Gold Bullion and Dollars [8]
US Mint Out of Not Only Silver But Gold American Eagles as Well [9]