Billionaire hedge fund manager Ray Dalio foresees a U.S. Dollar collapse by 2013 [1]. (Thanks to Tom in Buffalo for the link.)
Dr. Ron Paul in The Daily Bell: Debt Ceiling Drama [2]
Chris G. pointed me to an article where some Tea Party members wax SurvivalBlogish: Money Gone Rogue [3].
Reader David D. mentioned this in Der Spiegel: Tensions Rise in Greece as Austerity Measures Backfire. [4] David expressed an opinion that the “austerity measures” benefit bankers. Citing the Argentinean experience to contrast the economic nosedive in Greece, David commented: “…the bankers’ austerity prescriptions are the quickest and surest way to beat the real economy down even further.”
Bill C. was the first of several readers that sent this: Borders Book Stores to Shut Down [5]. Reader John G. notes: “[These closures] will present an opportunity to stock up on books. Stores will be closing starting this week and total liquidation of all their assets is expected. Stock up [on useful references] now. As an avid reader of paper [books], I am very sad to see them go.”
John R. flagged this: The True Elephant in the Room Appears: Trillions in Commercial and Industrial Loans to Europe’s Insolvent Countries [6]
Items from The Economatrix:
Bernanke Warns Congress On Debt Default [7]
S&P Joins Moody’s to Warn of US Downgrade if No Debt Deal Reached [8]
Return of the Gold Standard as World Order Unravels [9]