Global Debt Crisis: The Killing of Paper Money

by Bill Bonner

Everyone says the euro is falling apart…that Europe itself can’t survive as a political unit.

The Greeks are rioting in the streets. They’re upset because their government is trying to cut back on ‘services.’ Actually, it’s not the services that anyone would miss. It’s the money. The rioters are mostly people who live, in one way or another, at the expense of others…thanks to the government. They work for the government…or get handouts from it.

Is The Federal Reserve Secretly Behind The Greece Bailout?

Ron Paul asks if the FED is involved in the effort to bail out Greece on fox business.

Treasury To Dole Out $3.8 billion to GMAC, Raising Stakes

The U.S. is injecting another $3.8 billion into GMAC to cover mortgage losses, making the government the majority owner of the company.