Loyal reader “OSOM” (“Out of Sight, Out of Mind”) pointed us to an eloquent piece by Bill Bonner (of The Daily Reckoning) titled: “Where to Be When Black Swans Appear” OSOM’s comment: “This is a great introductory article for those folks who don’t yet read SurvivalBlog.”
Daniel H. flagged this evidence of flight from the U.S. Dollar: China sells $34.2bn of US treasury bonds.
Jon R. mentioned this at The Daily Reckoning: The Food Crisis is a Dollar Crisis
The latest FDIC Friday Follies: Regulators shut two small banks in Georgia; makes 20 US bank failures this year. (Thanks to G.G. for the link.)
Items from The Economatrix:
Rising Wholesale Prices Spur Inflation Concerns
How To Fake An Economic Recovery
UK: Shock Rise in Unemployment as Workers Hit by Wage Cuts