Universal flu vaccine tests start in the UK
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We can now chalk up another $200 Billion in the Mother of All Bailouts (MOAB). It’s now official: U.S. Seizes Fannie and Freddie. This confirms my suspicion that there is no such thing as “too big to bail out”, but the dictum of “too big to fail” is in full force. I predict that these bailouts will continue in both the public and private sectors, in a “widening gyre.” The bailouts won’t end until the US dollar is destroyed as a currency unit. Get out of any dollar-denominated investments, as soon as possible.
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Kevin A. sent us a link that illustrates the pernicious effects of inflation: The 99 Cents Only store chain gets ready to break dollar barrier. Of course I can remember the late 1960s when the Motel 6 chain raised their rates above $6 per night for a single room. Few folks now remember what the “6” in Motel 6 stood for. But even though that happened when I was a child, that dates me. As I’ve written before:Currency inflation is little more than robbery in slow motion. You are being robbed of your buying power. Sadly, because inflation is so gradual in the First World countries that few people raise much of a fuss.
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Ken McC. sent us an article about Veggie Garden Thefts in England.
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I spotted an article linked over at the Coinflation site that made me chuckle: Razor wire stolen by metal thieves