Several readers sent this: S&P Cuts Credit Ratings for Nine Euro Zone Nations [1]
J.J.H. recommended a satirical short film comparing the National Debt to the finances of a family [2].
More monetization ahead: Fed to Weigh Further Easing Amid Doubts About Recovery [3]. The government is now fully addicted to artificial money creation.
Items from The Economatrix:
There Goes The Neighborhood: Cleveland To Demolish 20,000 More Foreclosed, Looted Homes [4]
Poverty In America Getting Worse [5]
China’s Collapse “Will Bring Economic Crisis to Climax in 2012” [6]