France seizes €36 billion of pension assets. We're told that this was done to pay off some of their welfare debt. I thought that the French had done away with pissoirs, but apparently they still have a very large one. But of course the French are tres brillant, so I shouldn't doubt their judgment.



Hungary Follows Argentina in Pension-Fund Ultimatum, `Nightmare' for Some



It's Official: The Economy Is Set To Starve



Millions cashless in bank glitch. (A preview of coming attractions?)



Euro Debt Crisis Bankruptcy Bailout Queue, Protect Savings & Deposits From Banks Going Bankrupt!



The Fiscal Trap: Quantitative easing won’t solve our deeper problem. 



Why Ben Bernanke is Wrong



Is the Feds POMO really intended to help insiders sell shares before collapse?






 Quote of the Day...Think about it...


"I foresaw that, in time, it would please God to supply me with bread. And yet here I was perplexed again, for I neither knew how to grind or make meal of my corn, or indeed how to clean it and part it; nor, if made into meal, how to make bread of it; and if how to make it, yet I knew not how to bake it. These things being added to my desire of having a good quantity for store, and to secure a constant supply, I resolved not to taste any of this crop but to preserve it all for seed against the next season; and in the meantime to employ all my study and hours of working to accomplish this great work of providing myself with corn and bread. It might be truly said, that now I worked for my bread. I believe few people have thought much upon the strange multitude of little things necessary in the providing, producing, curing, dressing, making, and finishing this one article of bread." - Daniel Defoe (1661–1731), Robinson Crusoe