I predicted seeing ads once the base metal value of nickels hit two times their face value (“2X face”), but not this soon: BoxOfNickels.com. I’m confident that you can expect to see more such nickel entrepreneurs in the near future–especially once the base metal value exceeds 1.5 times face value. (7.5 cents for a nickel.)
Speaking of changing valuations (in this case, deflation), have you seen the chart showing the change Bitcoin values in the past three months? It now takes more than $15 USD to buy one BTC and in a brief spike the rate got up past $30.
Sue C. sent us this: Greek Default Is Inevitable
CNN Poll: Obama approval rating drops as fears of depression rise. (Half of Americans now fear another Great Depression.)
G.G. flagged this: Second-Mortgage Misery Nearly 40% Who Borrowed Against Homes Are Underwater
Items from The Economatrix:
Our Economic Future: From Best To Worst Case
The Federal Reserve is Playing an Inflation Game
Worries Grow That US Could Default On Debt