Today’s Items:

First…
Worst Sovereign Debt Crisis
http://www.moneyandmarkets.com

The largest and worst sovereign debt crisis, ever, is rapidly approaching and there are three things you should know… First, and most obvious, government bond markets are headed into the abyss. Next, gold and commodities generally, at the beginning stage of the crisis, will remain caught in deflation. Finally, once commodities reach their lows in a panic sell off, they will take flight to the upside in a massive new bull market.

Next…
36 Percent
http://www.mybudget360.com

Of the estimated 321 million people in the U.S., 69%, of whom are made up mainly children, cannot work. 17 million are unemployed and 93 million are not in the labor force. Of those working, 32 million are government employees which leaves 109 million, or 34%, supporting the U.S. economy.

Next…
Obama Versus Fox
http://www.breitbart.com

Obama, who said that the wealthy are society’s lottery winners…