Michael Pollaro writes in Forbes: US government’s fiscal plight, the numbers say it all
J.B.G. sent this from The Telegraph: Gold price could rise to $1,700 an ounce
More housing market doom: Distressed Properties Claim 40% of Existing-Home Sales. (Thanks to SurvivalBlog’s Poet Laureate G.G. for the link.)
Loyal content contributor F.G. sent this: A Frightening Satellite Tour Of America’s Foreclosure Wastelands
Doug C. recommended: Survivalist Ahead of Silver and Gold
Items from The Economatrix:
Government Cash Handouts Now Top Tax Revenues
Obama Warns Spending Cuts Could Trigger Second Recession. “Laissez Les Bon Temps Roulez!“
US Home Foreclosures Soar to Level Never Seen Before in History
Top World Bank Economist Warns US Starting to Look Like Russia
Silver Surges Over $46.25 oz As Rumors Of A Short Squeeze And Cornering Market Gain Credence. (JWR Adds: When I last checked, spot silver just jumped another $1.50 per ounce at the opening bell on the Globex, Sunday evening, to $47.61. The short squeeze is on! By the way, keep a close eye on the U.S. Dollar Index. A break below 72 for several days could signal a Dollar Panic.