The “well funded” Social Security myth: $20 trillion timebomb. (Thanks to G.G. for the link.)
Reader AmEx sent an article by Paul Farrell: How Bernanke will cause the next crash before 2014
Over at Alt-Market: Bad Economic Signs 2012
Ol’ Remus of The Woodpile Report 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? 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
Refinancing Debt Into Prosperity