In a recent edition of his Reality Check e-newsletter, my mentor Dr. Gary North mentioned this alarming piece posted in the Not A Sheep blog: The Disappearing £16.3-trillion. In the age of the Internet, it has become difficult for the Powers That Be to spike a news story!
Laura and Garth were the first of a dozen readers to send this link: Kansas suspends income tax refunds, may miss payroll
Ben H, sent this link to an interesting (and frightening) article at the Von Mises Institute: Printing Like Mad
I noticed that spot silver and gold prices are solidly back on the bull market track, at seven month highs. To those that were castigating mea few months ago, for “giving bad advice”, all that I can say is: “I have my doubts that your stock portfolio is going to do as well as my silver for the next five years.” And to anyone that is dawdling, waiting to see “direction” in the metals markets, you are about to miss the boat. Buy on the dip days.
Items from The Economatrix:
Obama Signs Stimulus and Dow Plunges 300 “The Dow closed at 7552.60, only a fraction of a point shy of the recent low of 7552.29 Nov. 20, just after Obama was elected. The market now is down more than 2,000 points since Obama was elected, when it closed 9625.28 Nov. 4.”
GM Seeking Up to $30 Billion More, Axing 47,000 Jobs
Worst is Yet to Come for Americans
Lloyds Facing More Write-Downs, HBOS Losses Mount
Little-Known Agency that Insures Pensions of 44 Million Workers Braces for Recession Fallout
Automaker Bankruptcy Looms
Eastern European Currencies Crumble as Fears of Debt Crisis Grows
America’s Emptiest Cities
Feds Provide $429 Million to 29 More Banks “The Treasury Department says the capital infusions bring the total amount the government has invested in banks to almost $200 billion.”