Debt Contagion Ahead! (Conveniently timed for after the U.S. Presidential election.): Citigroup Economists Say Greece To Exit Euro Zone On Jan. 1, 2013 [1]. (Thanks to K.A.F. for the link.)
From G.G.: Poverty Increasing Among Retirees [2]
G.G. sent this: Smith & Wesson booms as firearms owners fear prez crackdown [3]
Sean B. flagged this: Vallejo, California, once bankrupt, is now a model for cities in an age of austerity [4]. Buried in the story, not surprisingly, is the revelation that the local sales tax was raised by 1% to a whopping 8.375% [5] to bail out the spendthrift city government. (Only a leftist Washington Post journalist would have the temerity to headline this tax-gouging city a “model” for “austerity.”)
Items from The Economatrix:
The End of Inflation-Deflation Debate [6]
Psychological Sentiment War is Raging in Precious Metals Markets [7]
Gerald Celente: Apocalypse Now. The System is Falling Apart [8]