Reader Mike W. sent this: At Estates of the Fabulously Rich, Gilded Era is Going, Going, Gone
D.S. recommended the ShadowStats primers series. D.S. comments: “Most folks that read SurvivalBlog are economically savvy – still, the ‘primers’ by John Williams at Shadowstats.com are excellent and help us understand the systematic distortion (okay, bald faced lies) about the real US Economy … I think this may aid folks as the economy ‘sails off the map’ or as flat earth maps stated ‘beware, beyond here lye Dragons’. Hmmm, think there is a correlation between ‘flat earth cartographers’ and today’s sheeple?”
From Jack B.: China Warns Federal Reserve Over ‘Printing Money’
Items from The Economatrix:
Global Collapse in Milk Prices Wipes Out Dairy Farmers’ Profit
America’s “Pink-Slip” Capitals
Job Losses Push Safer Mortgages to Foreclosure
This Crisis Isn’t California’s Alone 47 states have budget gaps and not many solutions
Why a GM Bankruptcy Would be a Disaster
US Bonds Sales Faces Market Resistance “The US Treasury is facing an ordeal by fire this week as it tries to sell $100 billion (£62 billion) of bonds to a deeply skeptical market amid growing fears of a sovereign bond crisis in the Anglo-Saxon world.”
From veteran analyst Richard Maybury: What Obama Does Not Know
Federal Reserve Holding Over $2 Trillion in Darkest Balance Sheet in Financial History
Last Hope for Survival (The Mogambo Guru)