How Ron Paul Won the Debate — Again (New York Sun)
EFSF – A very European monoline (FT Alphaville)
Benford's Law and the Decreasing Reliability of Accounting Data for US Firms (Jialan Wang)
Iran sees enemies behind forex, gold price hikes (Reuters)
Yuan bill passage strongly criticized (China Daily)
Up to 10,000 homeowners could enter 'mortgage to rent' scheme (Irish Times)
Dubai Gold Buyers Switching from Jewelry to Bullion (Wall Street Joual)
Roubini: There’s No Way to Avoid Global Recession (Money News)
The Top 100 Statistics About The Collapse Of The Economy That Every American Voter Should Know (The Economic Collapse Blog)
#100 A staggering 48.5% of all Americans live in a household that receives some form of govement benefits. Back in 1983, that number was below 30 percent.
#99 During the Obama administration, the U.S. govement has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.
#98 Since Barack Obama was swo in, the share of the national debt per household has increased by $35,835.
#97 The U.S. national debt has been increasing by an average of more than 4 billion dollars per day since the beginning of the Obama administration.
#96 It is being projected that the U.S. national debt will hit 344% of GDP by the year 2050 if we continue on our current course.
#95 The Congressional Budget Office is projecting that U.S. govement debt held by the public will reach a staggering 716 percent of GDP by the year 2080.
#94 In 2010, the U.S. govement paid $413 billion in interest on the national debt. That is projected to at least double over the next decade.
#93 According to one new survey, one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.
#92 State and local govement debt has reached an all-time high of 22 percent of U.S. GDP.
#91 In 1980, govement transfer payments accounted for just 11.7% of all income. Today, govement transfer payments account for 18.4% of all income.
Lees verder: The Economic Collapse Blog