It's Monday morning. Time to wake up and start preparing for the huge storm on the horizon. Over the weekend, I sifted through all of the static and extracted a few eye-opening news items. Here's this batch of the Monday Morning Red Pill...
Michael Lewis' depiction of inept hedge fund manager Wing Chau wasn't the most flattering in the world, but was it worthy of a lawsuit? Well, I guess so...Michael Lewis: Will Defamation Charges by His 'Big Short' Villain Wing Chau Stick? Come to think about it, this Wing Chau guy sounds like a big fucking sore loser to me. (Naked Capitalism)That's it. Best of luck surviving the week.
Thanks to Mattazuma for pointing out Bricks and Slaughter, an article written by Andrew Palmer, which explains the fallacy that real estate investments are a "safe haven" for assets. (Economist)
Broke Town, U.S.A. reveals the potential fallout over the impending municipal debt crisis. (NY Times)
Four time bombs that will blow up Wall Street is written by Paul B. Farrell. He suggested that jailing Wall Street bankers won't be the end to the financial junta -- rather, it's the looming revolution that will implode Wall Street. (Market Watch)
I love a good graph. That's why you should read Mapping Critical 2011 Themes - Beggar-thy-Neighbor, which charts out the potential fiat currency failure on the global scale. (Zero Hedge)
More charts? I gotta warn you, the information in these charts are pretty sobering... Employment Summary and Part Time Workers, Unemployed over 26 Weeks (Calculated Risk)
Are you ready to fend off a flash mob of robbers? Coming soon to a city/suburb near you! Mob Robbers and Rampant Looting: Is This The Future Of America?(The Economic Collapse)
FerFal shares his thoughts on Yin and Yang of Preparedness. (Surviving Argentina)
Maybe we can help these people? Please spread this story: Homeowner Suffers Horrific Injustice at the Hands of JPMorgan Chase (Mandelman Matters)