Economics and Investing:

Icelanders Overthrow Government and Rewrite Constitution After Banking Fraud – No Word From US Media

Which Currency Is Up Over 9000% This Year and Sells for Almost as Much as an Ounce of Gold? JWR’s Comments: I’ve been recommending the use of Bitcoin since May of 2011. $100 put into Bitcoin at that time would now be worth thousands. Of course Bitcoin is virtual, so it should not be confused with genuine money (like gold or silver), which has inherent practical value. But at least there is a finite limit for the world supply of Bitcoin, which is more than can be said of all of the various fiat paper currencies. In the long term, all paper money eventually reaches its real value, which is its value in kindling fires. Not so for precious metals, which hold essentially the same value today as when they were first mined and refined, even if that was thousands of years ago.

Only 16 cents on the dollar??? Detroit Eligible To File Chapter 9; Pension Haircuts Allowed Bankruptcy Judge Rule.

Looking inward: Indonesia Rejects Extension of Chevron Oilfield Contract

Items from The Economatrix:

Are Another 1.3 Million Americans About To Drop Out Of Labor Force (And Send Unemployment Plunging)?

Inflation Watch 2013; Price Of Christmas Surges 7.7%

Why It’s Going To Be A Whole Lot Worse Than In The 1930s

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