Pierre M. mentioned: The Worst Hyperinflation Situations of All Time [1]. JWR Adds: I often slip a Zimbabwean $100 Trillion bill [2] inside the front cover of autographed copies of my novel when I send them as gifts. That serves as a reminder that mass inflation isn’t just in the realm of fiction.
Thanks to Kelly D. for spotting this: World Bank: Food prices at “dangerous levels” World Bank report says food prices are at “dangerous levels” after rising 29 percent in a year [3]
Evan D. suggested this piece: Collective financial insanity – FDIC backing $5.4 trillion in total deposits on pure faith – US banking operating with negative deposit insurance fund and massive debt leverage. The greatest Ponzi scheme known in the financial world [4].
David B. sent us a link to news article about a bank run: Ivory Coast rush to withdraw bank cash [5]. JWR Adds: My personal theory is that the recent banking instability was caused by the Côte d’Ivoire cancer cluster! Here is what happened: thousands of female millionaires, all with esophageal cancer, and all of whom simultaneously withdrew beau coup bucks to send charitably to American recipients that they found through the Internet. 🙂
Items from The Economatrix:
US Plans to Wind Down Fannie and Freddie [6]
Regulators Shut Down Banks in Florida, Michigan, Wisconsin and California. [7]
Engineered Economic Collapse Approaching; Budget Cuts Will Only Accelerate the Inevitable [8]
Losing Faith in Paper Money [9] (The Mogambo Guru)