Zero Hedge follows admission to CFTC that London gold market is unbacked paper
http://www.zerohedge.com/article/former-goldman-commodities-research-analyst-confirms-lmba-otc-gold-market-paper-gold-ponzi


FDIC trims guarantee for buyers of failed banks
With that little gem old Ms. Bair is guaranteeing that nobody in their right mind will buy a lot of these little banks that are failing or due to fail nor any of the big ones. Somehow though there is this belief that suddenly home prices will vault up back to pre-2008 levels, employment will actually drop to 5% on U-3 and U-6 will crater below 10% giving us an economic boom that has been unseen since all of 1937.
With morons like this in charge is there little doubt as to why I’m so pessimistic on our future as a nation devolving into a Eurosocialist steaming pile?
Boom is the correct word for this. Keep putting the guns in our mouth government and pulling the trigger. Eventually you bureaucratic morons will figure out that in the end, this nation is bankrupt at every level.



Kern unemployment continues to climb: 17.4% in February. H2O's comment: "The bulk of Kern's population is located in the Southern San Joaquin Valley, where agriculture and oil are the lynchpins of the local economy. With the legislative/judicial droughts being imposed on California, local farmers have been allocated just 15% of their annual contractual water supplies. This means that they cannot secure the crop loans necessary to grow the crops to feed the nation for the fourth year in a row. Food shortages are right around the corner, I fear."



My fear is that the government is setting up to do exactly, what they did during the depression.

If you read your history, you will see that fields were plowed under to create artificial shortages to raise prices. During that time the farmers had big problems plowing the fields under, you see the mules refused to walk on the crops as they were trained to only walk the furrows, showing that the mules were alot smarter then Congress...Some things never change...This time they will just cut the water and let California DIE...





Charles Krauthammer at NRO: The VAT Cometh.





"We Are At A Tipping Point"--The Only Thing that May Save the Euro is a Collapse of the US





Supply fears start to hit Treasuries





Regulators shut 2 Georgia banks, 1 in Florida, 1 in Arizona; makes 41 US bank failures in 2010.





Banks Unlikely to Cut Mortgages for Many Borrowers





Eurozone Agrees On Bailout Plan for Greece





Underemployment Hits 20% in Mid-March





Jobless Rate Rose in 27 States in February; 4 Hit Record Levels





Spring Outlook: Housing Sales Are Looking As Bleak As Ever