Does this sound familiar? Tony B. sent us some news from Australia: Royal Mint wants 5¢ coins scrapped [1]. Yes, when inflation embarrassingly gives coins a base metal value that exceeds their face value, governments make they conveniently declare them a “nuisance” or “too expensive”. You can either look at it as a function of “rising commodities prices” as the media suggests, or more accurately as a declining Oz Dollar.
G.G. spotted this over at Total Investor: Rich Dad, Poor Dad, Prepper Dad? Even Robert Kiyosaki Is Warning That An Economic Collapse Is Coming [2]
Martin Weiss warns of derivatives doom: Government lying about debt crisis! What to do … [3] (A hat tip to John R. for the link.)
Pointman sent this from Zero Hedge: Moody’s Warns of “Severe Greek Bank Cash Shortage” Due to Accelerating Deposit Flight [4]
Items from The Economatrix:
The US Monetary System and Descent into Fascism [5]
Monetary Revolution and Alternative Money [6]
Deutsche Mark “Set For Comeback” As German Euro Crisis Deepens [7]
Soros Says A Euro Exit Mechanism Is “Probably Inevitable” Amid Debt Crisis [8]