Do you remember how back in 2007 I described commercial real estate as “the other shoe to drop..”? Matt B. sent this article on how it is indeed collapsing.
“Elfin” spotted this: Fed Planning Inflationary Dollar Destroying 15-Fold Increase in US Monetary Base – and then things really go bad!
G.G. alerted us to the new video and and audio clips of Peter Schiff speaking at the 2009 Austrian Scholar’s Conference: “Why the Meltdown Should Have Surprised No One”. G.G. notes: “This is very entertaining. Listen closely to last 15 or so minutes for Schiff’s description of what he sees coming.” JWR Adds: I found Schiff’s speech to be both very funny and some good confirmation from my own published conclusions about the unfolding economic collapse.
From Shrike: Chinese Central Banker Sketches Plan For New Reserve Currency
Items from The Economatrix:
Dow Up Nearly 500 on Bank Plan, Rise in Home Sales. (Reader K.A.F. notes: “Looks like we’re going to have nationalized banking, owned in majority interest by Uncle Sugar and controlled by the Fed Reserve.”
Sen. Judd Gregg: This Country Will Go Bankrupt
Let it Die: Rushkoff on the Economy
Americans Enraged by Fresh AIG Bonus Revelations
Geithner’s Bank “Rescue” Not Enough
London Braces for Mass G20 Protests
Hope Fading for Salvation at G20 Summit
G20 Warned Unrest Will Sweep Globe
Paul Craig Roberts: Launching Lifeboats Before the Ship Sinks
Half of Us Have One Month of Cash Cushion if Laid Off
Safe? But of Course!!! (The Mogambo Guru)