This hardly comes as news to most SurvivalBlog readers: Fed: Americans’ wealth dropped 40 percent [1]. Stepping back to look at the big picture, we must ask: Cui bono? The banksters certainly haven’t lost much money, since the government obligingly bailed them out with taxpayer funds.
Greek Blackouts Risked As Power Companies’ Cash Runs Out: Energy [2]. (Thanks to Dennis M. for the link.)
Who really benefits from credit derivatives? [3]
Tyler Durden of Zero Hedge: The ‘Big Reset’ Is Coming: Here Is What To Do [4]
The more the government tries to “fix” things, the more that it fouls things up: China tariffs could slam U.S. solar panel firms [5]. (Thanks to Ken of GettingPrepped.com [6] for sending the link.)
Over at Forex Crunch: Eight Holes in the Spanish Bailout [7]
Items from The Economatrix:
Is it Time to Prepare for Another Recession? [8] [JWR’s Comment: Gosh, did I miss something? Here in my region, we never stopped having the recession that began in late 2007…]
Jobless Claims Fall for First Time Since April [9]