From frequent content contributor GG: Gold acquires new investment aura: The weight of gold coins sold by the US Mint far this year has exceeded the one million ounce mark, up 40% year-on-year
Sticker Shock at Pump: Gas Prices Poised to Soar
Jeff mentioned this over at Zero Hedge: Is The Fed Facing Margin Calls From European Banks?
Knocking off two zeroes. (BTW, don’t gloat, the US Dollar may be next to have a 100-for-1 exchange): North Korea Revalues Currency to Curb Free Trade. (A tip of the hat to SSK for the link.)
Trent spotted this: What Recovery? U.S. Consumers Getting “Dramatically Worse,” Howard Davidowitz Says
Items from The Economatrix:
UAE Central Bank Guarantees Dubai Banks’ Debt to Head Off Crash
Lenders Face Sanctions For Failed Loan Modifications
Just Like Dubai, Our Recovery is Built on Sand
Banks Must Pay for Market Failure
Audit The Fed: Bernanke and the Bankers are Running Scared
Is Britain on the Brink of Financial Armageddon?
Dubai, Debt, and a Return to Reality
John Galt: The Day The Dollar Died, Part 5 (A New Day Of Economic Justice For All)