Bullion sales hit record in rush to safety
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Rory sent us a link to a video clip of a home invasion robbery foiled by an armed and vigilant Tucson homeowner. Given the 1-to-4 defender to attacker ratio, the homeowner did a creditable job.
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Our thanks to Florida Guy and Scotty who both sent this: Gun dealers experiencing shortages of ammo
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Some news and commentary, courtesy of The Economatrix: Marc Faber: US Will Default on Debt or Enter Hyperinflation — California Begins Employee Furloughs, Closing Offices — Record 19 Million Homes Stood Vacant in 2008 — GM Investing $1 Billion of Stimulus Money in Brazil Operations — Port Container Traffic Fell 8% in 2008 — Bond Market Calls Fed’s Bluff as Global Economy Falls Apart — IMF May Run Out of Cash in Six Months — WTO Chief Warns of Political Unrest — Bad Times Brings Back Cattle Rustling — Senate Passes Economic Recovery Plan — Stocks Plunge 4.62% on Lack of Specifics in Bailout Plan — Asian Shares Fall After Obama Says “US Faces Full Blown Crisis” — Half of China’s Toy Factories Close After Slump — Air Freight Drops as Global Trade Seizes Up — Nugget by Nugget (The Mogambo Guru) — US Rail Traffic, Carloadings Tumble — GE and Citigroup Face Losses on Store Cards — Iceland is Steamed