A chart published by The Financial Times says it all: America: Paydown problems
You’re insane if you don’t own gold, investors told
Muni Bonds Crashing For Third Straight Day, And This Is The Worst Yet. (A hat tip to Yishai for the link.)
John R. sent this by Gonzalo Lira: Why Democracies Will Always Go Bankrupt
The Latest Gold Fraud Bombshell: Canada’s Only Bullion Bank Gold Vault Is Practically Empty. (Thanks to Michael H. for the link.)
Items from The Economatrix:
At Least 10 States Have Introduced Gold-As-Currency Bills
Industrial Production Rises By Most in Five Months
Holiday Spending “Record” Not As Good As It Looks
Wholesale Food And Energy Prices Rise
US Mint Reports Unprecedented Buying Spree Of Physical Silver