Pierre M. mentioned: The Worst Hyperinflation Situations of All Time. JWR Adds: I often slip a Zimbabwean $100 Trillion bill inside the front cover of autographed copies of my novel when I send them as gifts. That serves as a reminder that mass inflation isn’t just in the realm of fiction.
Thanks to Kelly D. for spotting this: World Bank: Food prices at “dangerous levels” World Bank report says food prices are at “dangerous levels” after rising 29 percent in a year
Evan D. suggested this piece: Collective financial insanity – FDIC backing $5.4 trillion in total deposits on pure faith – US banking operating with negative deposit insurance fund and massive debt leverage. The greatest Ponzi scheme known in the financial world.
David B. sent us a link to news article about a bank run: Ivory Coast rush to withdraw bank cash. JWR Adds: My personal theory is that the recent banking instability was caused by the Côte d’Ivoire cancer cluster! Here is what happened: thousands of female millionaires, all with esophageal cancer, and all of whom simultaneously withdrew beau coup bucks to send charitably to American recipients that they found through the Internet.
Items from The Economatrix:
US Plans to Wind Down Fannie and Freddie
Regulators Shut Down Banks in Florida, Michigan, Wisconsin and California.
Engineered Economic Collapse Approaching; Budget Cuts Will Only Accelerate the Inevitable
Losing Faith in Paper Money (The Mogambo Guru)