Our Debt Bomb is much worse than Europe's. QE 3.0 is coming in...3....2....
Fannie and Freddie are both looking at writing down loans. If you're wondering if this is going to cost you tax dollars, you haven't been paying attention. TAX PAYERS!
You'll need to be facing the risk of foreclosure for you to receive a write down. Wait...what about me? I'm not late on my mortgage payment and I've lost a lot of value in my home.
Spain is still in the news... I'm sure their debt crisis will be contained. No chance of contagion. That's what they said for Iceland and Greece. It'll work out fine... All is well....
From Zero Hedge... Chinese Gold imports are jumping 13 fold. When will the Yuan be indexed to the gold standard stripping the US Dollar of it's reserve currency status? We can print as long as we want. We're the reserve currency. $1Tn or $21Tn, it doesn't matter..... Until it does.
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