Matt B. suggested this video clip of Argentinean economist Adrian Salbuchi: Global Financial Collapse
Greg C. sent this item from McPaper: Communities print their own currency to keep cash flowing
D.G. suggested this from Eric Margolis at The Toronto Sun: Wall Street Ticks Off the World
Items from The Economatrix:
Derivatives, the New Ticking Time Bomb
Politicized Accounting: No End to the Scams
Soros: “Zombie” Banks Could Suck Lifeblood Out of Economy
The Question that Flummoxed The Great Orator
Wholesale Inventories Drop to Lowest in 17 Years Note that it is not that sales are up so much, but that inventories are down: “Wholesalers cut their inventories in February by the steepest amount in more than 17 years, while sales rose for the first time since the summer, encouraging signs that companies may be getting their inventories under control.”
Derivatives Trading Crackdown Begins
Japan’s Goods and Services Fall By Half
Soros Warns Shares Will Fall Further
Gold Sold for Scrap Outstrips New Purchases
Irish Hike Tax and Cut Spending
World Bank Sees China Recovery from Recession this Year (Hmmmm… Do they also see World Peace and personal jet cars in the near future?)
Americans Feel 15.6% Unemployment as Underemployment Surges
Consumers Fall Behind on Loans at Record Rate
Credit Card Companies Shut Down 8 Million Credit Card Accounts in February