Jon M. sent this: Banks’ $4 trillion debts are ‘Achilles’ heel of the economic recovery’, warns IMF [1].
IMF admits that the West is stuck in near depression [2]
Gary Shilling: Here’s Why House Prices Will Now Drop Another 20% [3]. (Thanks to Zo for the link.)
S.M. spotted this: Bernanke Tells the Truth: The United States is on the Brink of Financial Disaster [4]
U.S. Yields Will `Surge’ as Fed Increases Debt Purchases, Diam Forecasts [5]. (Thanks to Susan H. for that link.) They used to call this nonsense “debt monetization” or more bluntly “monetary inflation”. But now they give it the saccharine-coated moniker “quantitative easing” to make it sound less frightening.
Items from The Economatrix:
World Bank Trying to Quell Economic Tensions [6]
The 2010 Silver Buying Guide [7]
The Federal Reserve is Selling Paper Gold and Buying Physical Gold [8]
Gold And Silver – It Could Well Be a Whole New Ballgame! [9]
Wall Street Sees The World Decoupling From U.S. [10]