Storm Cuts Power to More Than One Million Homes in New England. But of course SurvivalBlog readers were well-prepared. One key quote from the article: “It’s kind of lawless out there right now. There’s a lot of people very frustrated, stacking up at the gas stations. It’s pretty ugly.”
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Sans culottes! Wall Street sage Jim Rogers declares that most of the big banks in the US are “totally bankrupt.” The comment was made in the Reuters Investment Outlook 2009 teleconference: “Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt, ” Rogers said.
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More economic news, courtesy of Manky: Fed Mulls Issuing Own Debt — Our asset-dependent economy (Tom Iacono) — Why home values may take decades to recover, Some see 2006 as ‘lifetime’ peak in prices — World markets plunge on US auto bailout failure — Humpty Dumpty On Inflation (Mish Shedlock) — ‘Pay option’ mortgages could swell foreclosures
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Thanks to Brian H. for sending this: Russians Buy Jewelry, Hoard Dollars as Ruble Plunges