Some Words of Advice From Kyle Bass (paraphrased): “Buy guns. Buy gold. Buy nickels.”
Inevitability of a Crash Goes Mainstream. Reader S.B. in Japan me sent a link to this: A Greater Depression is coming. S.B.’s comment: “Until fairly recently, much of the talk of truly serious economic problems has been in far from mainstream sources. The mainstream media has talked a bit about further recession, but I haven’t seen a single article that clearly stated that it’s coming and there’s nothing we can do about it. That is until I saw this today, linked from The Wall Street Journal‘s web site.
A.T.B. sent this: Drowning in debt, EU hits moment of truth
Michael W. and George S. both flagged this: South Carolina mine sparks mini-gold rush to the Southeast
Items from The Economatrix:
Return To Gold Standard? Why Price Would Hit $10,000
Joblessness: An American Epidemic
Banks closed in Georgia, North Carolina, NJ; 79 failures in 2011.