Ben Bernanke needs fresh monetary blitz as US recovery falters. (A hat tip to G.G. for the link.) As I’ve warned before, The Mother of All Bailout s(MOAB)is inexorable. It will continue, round after round, until the US Dollar is destroyed as a currency unit.
Clint L. sent this: Silver Without a Cloud by Richard Daughty, aka The Mogambo Guru
Items from The Economatrix:
20 Must-See Charts on America’s Disastrous Level of Government Spending
California to Offer Program to Trim Underwater Mortgages
Fannie Mae Gets Tough with Homeowners Who Walk Away