Got Rhodium? World faces hi-tech crunch as China eyes ban on rare metal exports. (Thanks to Jeremy M. for the link.)
GG sent us this: China Tears Up America’s Credit Cards
Trent H. spotted this: The Dollar Will Fall, The Only Question is “When?”
From John S.: “In the Tank Forever”: U.S. Consumers, Retailers in a “Death Spiral,” Davidowitz Says
1,000 Banks to Fail in Next Two Years (Thanks to Heather H. for the link.)
Items from The Economatrix:
Government Agency that Insures Deposits May Need Lifeline of its Own
Number of Problem Banks Surges to 416; FDIC Fund Shrinks
Green Shoots or Greater Depression?
Power is Shut Off as Bills Pile Up
Spewing Out Money (The Mogambo Guru)