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Economics and Investing:
Laura H. suggested this WND article: Families learning of $163,000 tax 'bomb',
Economics prof says deficits heading toward 'banana republic levels'
From reader AC: Social Security Surplus Already Gone
Reader Jon M. flagged this, over at Seeking Alpha: Did the ECB Save COMEX
from Gold Default?
Items from The Economatrix:
Congress,
Bankers Just Don't Get It "Changing the way you account for losses
on bad assets doesn’t mean the losses have gone away. If anything,
the obfuscation of those losses will drive investors away because balance
sheets in the financial sector will become more opaque."
What to Buy Before the Economy Improves
Inside
Obama's Bank CEO Meeting "'My administration,' Obama said, 'is what
stands between you and the pitchforks.'"
Unemployment Rise Shows Recession is Far From Over
Gerald Celente:
Optimism Opium. Here are a couple of snippets: "Following the Group
of 20 summit, Barack Obama, while acknowledging there are no guarantees of
success, declared, 'I have no doubt, though, that the steps
that have been taken are critical to preventing us sliding into a depression.'"
and, "Given that President Obama cannot provide guarantees, how can he "have
no doubt"?"
