Whispering the dreaded “D” word: Federal Reserve Actively Preparing for the Possibility of U.S. Default. ( Thanks to N.B. for the link.)
Columbus [Georgia] Forms Copper Theft Task Force. “Columbus Police say last year alone $2 million in copper was stolen throughout the city.” (Thanks to F.G. for the link.)
F.J. sent a link to an interesting piece penned by Eric Fry: Investing Ahead of the Curve. Here is a quote: “In 1969, for example, the Argentine government trimmed two zeros off the existing Peso Moneda Nacional to create the new Peso Ley. In 1985, the government slashed four zeros off the Peso Ley to create the Peso. Then in 1992, the government cut three zeros off the Peso to create the Austral, simultaneously linking it to the US dollar, one-for-one. Ten years later, this peg to the dollar ruptured and the Argentine currency swiftly lost 75% of its purchasing power…again.”
Michael W. mentioned a web site of interest to copper and nickel investors: Portland Mint.
Some HKMEx news: Hong Kong Metals Exchange to Open 1,000 Ounce Silver Futures Contract. (Thanks to Chris D. for the link.)
Loyal content contributor B.B. kindly sent several news items:
18 Signs That Global Financial Markets Smell Blood In The Water
Marc Faber on Gold, Silver, Deflation and the U.S. Economy podcast (podcast interview with Jim Pulplava)
Too Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets
Bill Clinton: I’d use 14th Amendment
Down but not out: Voices of the long-term unemployed
Items from The Economatrix:
The Money Changers’ Last Hurrah
The Collapse of Paper Money and The Vertical Move of Gold
Big US Bank: If QE3 Actually Happens We Could See Gold at $5,000 and Silver at $1,000