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Odds 'n Sods:
Delinquencies are soaring: Unpaid
credit cards bedevil Americans. (A hat tip to Craig S. for sending us
this.)
o
o o
An Ambrose Evans-Pritchard article was mentioned the at CometGold Forum (at Contrary
Investors Cafe) and by nearly a dozen SurvivalBlog readers: Crisis
may make 1929 look a 'walk in the park'. Here is a key quote: "Liquidity
doesn't do anything in this situation," says Anna Schwartz, the doyenne
of US monetarism and life-time student (with Milton Friedman) of the Great
Depression. "It cannot deal with the underlying fear that lots of firms
are going bankrupt. The banks and the hedge funds have not fully acknowledged
who is in trouble.
That is the critical issue."
o o o
Led
by milk, food prices keep climbing, climbing, climbing. And see this
related news story: The Fed Can't Save Us from World Food Shortages
o o o
Mentioned once before on SurvivalBlog, here is Australia's "Food Lifeboat
" web page put together by the staff of the University of Sydney: The
Food "Lifeboat":
food and nutrition considerations in the event of a pandemic or other catastrophe
