World's Leading Bond Investor Slams Dollar/Debt

Bill Gross commented "We've always wondered who will buy Treasurys" after the Federal Reserve purchases the last of its $600 billion to end the second leg of its quantitative easing program later this month," Indeed, the end of this month could prove interesting as QE II ends in an economy desperately dependent on intervention.
US Is in Even Worse Shape Financially Than Greece: Gross - CNBC: www.cnbc.com/id/43378973
http://chumly.com/n/9aa948

Millions in Homes but not Paying Mortgages

Foreclosure limbo: Staying without paying. - Jun. 9, 2011: money.cnn.com/2011/06/09/real_estate/foreclosure_s...=Lead
http://chumly.com/n/995436

We Are Our Own Biggest Lender

How can China's credit rating agency claim that we are already in default? Why, we can lend unlimited dollars to ourselves in order to pay our debts. Seriously, we are in technical default on our debt with the QE programs at the Fed already. The end of this month will be interesting.
Fed passes China to become largest U.S. creditor - The Tell - MarketWatch: blogs.marketwatch.com/thetell/2011/06/09/fed-passe...ditor
http://chumly.com/n/9953bb

Economist Alasdair Macleaod on Fed Policy

He warns: "The scene is set for both a lower dollar and rising bond yields. The distortions have been wound up so much that a return to normality will be a violent, disorderly event." Big spender in both parties have brought us to this point of unavoidable hardship. I pray that when the dust settles they are not still in charge.
FinanceAndEconomics: www.financeandeconomics.org/Articles archive/2011.06.09 Weak money.htm
http://chumly.com/n/98f53b

US Govt. Floods Mexico with Guns

Remember the govt. and press blaming gun shows for weapons showing up in Mexico? Read this article on the real culprit. It was just typical leftist projection of their own policies and actions on others.
Justice Officials in 'Panic Mode' as Hearing Nears on Failed Anti-Gun Trafficking Program - www.foxnews.com: www.foxnews.com/politics/2011/06/09/justice-offici...depth
http://chumly.com/n/98f53a

Bill Gross Warns About Treasuries

When the world's most reputable bond investor speaks, we should listen. Remember that our debt is the dollar and the dollar is our debt. Bill is warning that our currency is going to weaken even more dramatically than it has.
Pimco's Bill Gross says get out of Treasuries - Jun. 8, 2011: money.cnn.com/2011/06/08/markets/bill_gross_pimco_...HP_LN
http://chumly.com/n/98f539

Post from greshambouma at CHUMLY

Americans Expect Depression
Americans Expect Depression?:: CNN got those poll results in spite of the following reminder: "...during the Depression in the 1930s, roughly one in four workers were unemployed, banks failed, and millions of Americans were homeless or unable to feed their families". Well, let's see, by the old rules one in five are unemployed right now, by old accounting standards the banks are insolvent right now, millions of Americans remain in homes they aren't paying the mortgage on, and the virtual bread line of food stamps is around 44 million long last time I checked. Maybe the private sector has been in a depression for a while now, and it is about to hit the public sector as well any day now.
CNN Poll: Obama approval rating drops as fears of depression rise – CNN Political Ticker - www.cnn.com Blogs: politicalticker.blogs.cnn.com/2011/06/08/cnn-poll-...-rise
http://chumly.com/n/98dfcc