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The Old Yooper mentioned this FSU piece: Signposts Towards the Inevitable. The graph showing the upcoming second wave of ARM is particularly alarming. There will be some real ARM-twisting then!
Thanks to G.G. for this piece: Irish government faces growing fears of debt default
Steve S. recommended a video of a lecture on the history and nature of debt-based modern currencies, and their implications on freedom.
DS spotted this: As U.S. Borrowings Rise, Treasurys Begin to Pop. As I've mentioned before, look for a big jump in Treasury yields as a key indicator that stagflation is ahead.
Items from The Economatrix:
America Has to Come to Grips that it is Bankrupt Rich Chinese Buying Bargain US Homes Roubini Tells Geithner to Nationalize US Banks Pound Falls Further UK Unemployment to Hit 3 Million China is Right to Have Doubts About Who Will Buy American Debt IMF Chief Warns Second Wave of Countries Will Need Bailout Ireland Could Default on Debt UN Lobbies for Share of Bank Bailout Funds $60 Billion Loss at RBS Prompts Savage Job Cuts Spain's New Jobless Crowd Soup Kitchens Failure to Save Eastern Europe Will Lead to Worldwide Meltdown Cash Crisis Forces California to Free 55,000 Prisoners How the Crash Will Reshape America Severe Retail Downturn Forecast for 2009
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