Gold and What Moves it.

http://usawatchdog.com/bernanke-playing-with-fire-laurence-kotlikoff/ - Economist Laurence Kotlikoff says, "We are actually in worse shape than any developed country. . . We are using accounting that would make Bernie Madoff blush." Kotlikoff thinks the Federal Reserve could easily lose complete control of inflation and warns, "Ben Bernanke is playing with fire here because we could have a tripling of the price level." Join Greg Hunter as he goes One-on-One with Boston University Economics Professor Laurence Kotlikoff.

Confusion and uncertainty will remerge [sic] as the headlines focus on the debt ceiling debate over the coming weeks. 

If politicians use the debt ceiling to contain big government, already anemic economic growth will implode rather quickly. We have talked about this for years both here and on jsminset.com, infinite liquidity in terms of fiscal and monetary policy are no longer options but rather necessities. Failure support the market with both translates to economic suicide for Western economies. 

Failure to raise the debt ceiling in the coming months means failure to pay interest on past debt and international default. The Chinese and Japanese both showing a tendency to play ball with the US (cooperate with their own agenda) won’t forgo interest payments on existing debt without extreme compensation. Failure to appease means the old economic game as ended; this means immediate monetary and economic...