John R. kindly sent this piece: Is the US Monetary System on the Verge of Collapse? [1] (David Galland of Casey Research)
John T. pointed me to an article that illustrates that the IRS is getting desperate for revenue [2].
“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? [3]
Items from The Economatrix:
How to Spot the Triggers of a Socioeconomic Collapse [4]
Moody’s Cuts BofA, Wells Fargo, and Citi Ratings [5]