The Old Yooper mentioned this FSU piece: Signposts Towards the Inevitable. The graph showing the upcoming second wave of ARM is particularly alarming. There will be some real ARM-twisting then!
Thanks to G.G. for this piece: Irish government faces growing fears of debt default
Steve S. recommended a video of a lecture on the history and nature of debt-based modern currencies, and their implications on freedom.
DS spotted this: As U.S. Borrowings Rise, Treasurys Begin to Pop. As I’ve mentioned before, look for a big jump in Treasury yields as a key indicator that stagflation is ahead.
Items from The Economatrix:
America Has to Come to Grips that it is Bankrupt
Rich Chinese Buying Bargain US Homes
Roubini Tells Geithner to Nationalize US Banks
Pound Falls Further
UK Unemployment to Hit 3 Million
China is Right to Have Doubts About Who Will Buy American Debt
IMF Chief Warns Second Wave of Countries Will Need Bailout
UN Lobbies for Share of Bank Bailout Funds
$60 Billion Loss at RBS Prompts Savage Job Cuts
Spain’s New Jobless Crowd Soup Kitchens
Failure to Save Eastern Europe Will Lead to Worldwide Meltdown
Cash Crisis Forces California to Free 55,000 Prisoners