It is very clear that we are approaching a national debt crisis. This chart from the St. Louis Fed illustrates America's tale of woe. Once interest rates start to rise--and inevitably they must and will--then the whole charade will abruptly end. We will suffer a debt crisis far more horrendous than what we witnessed in 2008. No nation can survive a sustained debt level greater than 100% of GDP for and extended time without a crisis.
Some interesting reading over at The Daily Bell: Chris Becker's Austrian Perspective on South Africa, Gold and the Ludwig von Mises Institute
Jim Rogers: The Gold Correction Is Not Over
U.S. Civil Charges Against Corzine Are Seen as Near
Items from The Economatrix:
The Trigger Has Been Pulled And The Slaughter Of The Bonds Has Begun
Not Prepared: 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse
Report: Hidden Tariff On American Citizens In Immigration Bill: Millions More Stand To Lose Their Jobs