Tuesday, June 14, 2011

In the news...

A few related headlines, gleaned from here and there:
Bernanke urges GOP to support raising debt ceiling
Hmmm... would that even be necessary if we weren't doing things like this, this, and this (on top of multiple wars, of course)??  And what happens when you keep self-raising your credit limit to the point people start to figure out you have no realistic intention of paying the debt back?

Stuff like this, that's what...
Gold to Reach $5,000 Due to Supply Shortage: Report

Said shortage resulting from central bankers around the world realizing their dollar holding are devaluating, and they'd better diversify into something less susceptible to abuse...

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