IMF Eliminates Borrowing Cap On Rescue Facility In Anticipation Of Europe Crisis 2.0; US Prepares To Print Fresh Trillions In "Rescue" Linen

 Why US Treasury Notes Will Eventually Yield Nothing


Hyperinflation, Part II: What It Will Look Like

CNBC Video Interview: World Economy, Central Banks And Japan

posted by Blogger at Jim Rogers Blog - 4 hours ago

As central banks continue to print money, it is vital that investors own real assets like silver, rice or natural gas, says Jim Rogers, chairman of Rogers Holdings. He speaks to CNBC's Maithreyi...

Broke City Breaking Employee Contracts

posted by Eric De Groot at Eric De Groot - 3 hours ago

Since local governments cannot devalue their currencies to pay for services they cannot afford, they must either receive "free" money from the federal government (which can print money) or drastically curt...

US Deficits Will Keep Going Up

posted by Blogger at Marc Faber Blog - 17 hours ago

My biggest concern is that because of a weak economy, the budget and fiscal deficits will remain very high. With Mr Obama as President, there is a very good chance the deficit will go up and the government...

The Only Place To Invest Right Now Is In Real Assets

posted by Blogger at Jim Rogers Blog - 17 hours ago

With central banks flooding the world with money, the only place to invest right now is in real assets, whether it's in silver, or rice or natural gas. Paper money is not going to do it for you. in CNBC ...

The Federal Budget Deficit is going further and further out of control.

Record number in government anti-poverty programs By Richard Wolf, USA TODAY
WASHINGTON — Government anti-poverty programs that have grown to meet the needs of recession victims now serve a record one in six Americans and are continuing to expand.
More than 50 million Americans are on Medicaid, the federal-state program aimed principally at the poor, a survey of state data by USA TODAY shows. That’s up at least 17% since the recession began in December 2007.
POLITICS: Welfare agencies boost voter rolls
"Virtually every Medicaid director in the country would say that their current enrollment is the highest on record," says Vernon Smith of Health Management Associates, which surveys states for Kaiser Family Foundation.
The program has grown even before the new health care law adds about 16 million people, beginning in 2014. That has strained doctors. "Private physicians are already indicating that they’re at their limit," says Dan Hawkins of the National Association of Community Health Centers.
More than 40 million people get food stamps, an increase of nearly 50% during the economic downturn, according to government data through May. The program has grown steadily for three years.
More…



Click charts to enlarge today’s hourly action in Gold and the HUI with commentary from Trader Dan Norcini

Mike Mayo Tells Clients Numbers Out Of Citi Can Not Be Trusted

 

A Detailed Analysis At Projected Home Prices: A Look At Underlying Supply And Demand Forces

 

 Financial Crises Linked to Central Bank Stupidity

By: Richard Daughty, The Mogambo Guru - 31 August, 2010 It was an interesting psychological phenomenon when I read where Michael Kosares of USAGold.com wrote, “Private citizen, Alan Greenspan, could afford to be blunt,” but I interpreted it in my Mysterious Mogambo Mind (MMM) to mean, “Private citizen, Alan Greenspan, should be afforded a blunt instrument applied with extreme prejudice to his stupid head, over and over, as he is the moron that... Full Story

Ron Paul: Depression is coming...
... And it will be "devastating" if the Bush tax cuts aren't extended.