Top hedge fund manager: Decade of doom ahead [1]. “Ray Dalio, founder of the largest hedge fund in the world (Bridgewater Associates), said the world debt is so large it will take 10 years to de-leverage it — and “there are no more tools in the tool kit” to postpone the inevitable reckoning.” JWR’s Comment: I think two decades might be more accurate.
Ben S. sent this: Purdue expert: Cost to grow crops to surge in 2012 [2]
Fed’s Yellen: QE3 May Be Warranted [3]. JWR’s Comment: Of course they’ll do it. Free money is more addictive than crack cocaine.
Over at Fierce Finance: Speculation: Bank of America headed to bankruptcy court [4]
Europe Goes Full Bailout Retard: EFSF Rescue Capital To Be Officially Double-Counted [5]. (Thanks to John R. for the link.)
US Treasury considers new debt security [6].
Chris Martenson: The Real Contagion Risk [7]. It is coming to America’s houses of finance.
SurvivalBlog reader “FarmerGreen” reports: “I followed the advice here and stocked up on peanut butter–one of my favorite foods. When I bought Saturday the 2 lb. jar of store brand was $5.79. Today it’s $7.79. Up almost 35% in two days! Thanks for the heads up.”