The shorts must be screaming, about now: Gold shoots past record $1,800 an ounce. When I last checked, the silver-to-gold ratio was at 45.4-to-1. Again, if you have the vault space, this is a great time to ratio trade out of your 1 ounce gold coins, and into silver bullion coins. (Such as pre-1965 American “junk” silver.)
Michael W. sent this: A National Debt of $14 Trillion? Try $211 Trillion
More of The Mother of All Bailouts (MOAB)?: Government considers turning foreclosures into rentals
G.G. sent this: Ron Paul: “Gold Is Not A Bubble”
From K.A.F.: Economic Uncertainty Leading to Global Unrest
K.A.F. also pointed me to this blog post from a distaff blogger in Eastern Washington: It happened to us, our bank was just “closed” by the FDIC. Shades of the depression
Items from The Economatrix:
Plunge On Wall Street Threatens to Spook Consumers
Fed May React to Market Plunge and Stalled Economy. (Can you smell a whiff of MOAB, on the breeze?)
Oil Tumbles Below $80 Amid US Recession Fears
US Stocks Rise Slightly After Big Fall