Reader V.L. sent a clip from a television reporter that must have skipped “Reality 101”, in college. (Sarcasm ON: I won’t sleep well at all tonight, now the I’ve been told that my gold “isn’t backed by anything–unlike the U.S. Dollar.”)
German push for Greek default risks EMU-wide ‘snowball’
Items from The Economatrix:
Euro Crisis Spreads and Puts the World Economy at Risk
Detroit’s descent into economic darkness continues, literally: DTE deal pulls out lights in Highland Park–Areas in dark after 1,400 street lights removed to settle bill
When? (When will the next financial crisis happen?)
The Top 100 Statistics About the Collapse of the Economy that Every American Voter Should Know