G.G. sent this piece by Peter Schiff: Why America Should Declare Bankruptcy Now
Writing in Sovereign Man, Simon Black points out that Senator Schumer’s proposed “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” is written retroactively, for anyone that has expatriated in the past ten years! Perhaps Mr. Schumer missed reading Article 1, Clause 3 in the U.S. Constitution. (Which bars any ex post facto laws.)
Jim W. sent us this: Japan is Broke – Highest Debt Ratio of Any Industrialized Nation
CDV sent this: Greece: Top Three risks facing U.S.
Items from The Economatrix: