John R. kindly sent this piece: Is the US Monetary System on the Verge of Collapse? (David Galland of Casey Research)
John T. pointed me to an article that illustrates that the IRS is getting desperate for revenue.
“DaddyO” suggested an interesting look at the derivatives bomb and just how deep and impending the explosion could be, over at Zero Hedge: Five Banks Account For 96% Of The $250 Trillion In Outstanding US Derivative Exposure; Is Morgan Stanley Sitting On An FX Derivative Time Bomb?
Items from The Economatrix:
How to Spot the Triggers of a Socioeconomic Collapse
Moody’s Cuts BofA, Wells Fargo, and Citi Ratings