Marc Faber Predicts: Debt Interest Will Lead to Default, Then War. Thanks to Brett G. for the link.
From GG: The Debt Contretemps Everybody’s Ignoring
Several readers mentioned this: Collapse of the euro is ‘inevitable’: Bailing out the Greek economy futile, says French banking chief. In the short term this could push the US Dollar up, and gold down.
The soon-to-be-released Generation Zero documentary looks like is destined to be a success. I noticed that Andrew Sullivan of The Daily Dish is giving it some coverage.
From J.T.: Greek FinMin unveils tax reform, wage policy
GG sent a link to the latest from Mish Shedlock on “revenue enhancement” in the land of Ouzo: Greece Outlaws Cash Transactions Above 1500 Euros, Unveils New Taxes
Items from The Economatrix:
Bipartisan Jobs Bill Won’t Add Many Jobs
A European Crisis, Not a China Slowdown, Will Trigger a Global Collapse
Bankruptcy Bloodbath May Hit Muni Bond Owners Next
Euro Currency Union Showing Strain
Desolate Malls, Empty Offices May Come Soon
The Least-Trusted Banks in America
This is No Time to Bet Against the US Stock Market
Individual Insurance Rates Soar in Four States
Obama Says New Budget Rules Will Rein in Spending (Gee, it must be a matter of one’s perspective, to have “out of control spending” seem “conservative”…)