The “well funded” Social Security myth: $20 trillion timebomb [1]. (Thanks to G.G. for the link.)
Reader AmEx sent an article by Paul Farrell: How Bernanke will cause the next crash before 2014 [2]
Over at Alt-Market: Bad Economic Signs 2012 [3]
Ol’ Remus of The Woodpile Report [4] alerted me to an article wherein Karl Denninger summarizes the enormity of the LIBOR scandal: So I Need To “Be An Adult” About Fraud Eh? [5] Here is a key quote: “There are hundreds of trillions of dollars of interest-rate derivatives linked to LIBOR, directly and indirectly. A 1% move would be something like $3 trillion dollars. “
Items from The Economatrix:
Ambrose Evan-Pritchard: Fed Fiddles While America Slides Back Into Recession [6]
Refinancing Debt Into Prosperity [7]
Authorities Give Gold Price Another Leg Up [8]
This Major Fed Move is About to Create an Explosion in Gold [9]