Limits to Debt

SUBHEAD: Debt will have to be written off in enormous amounts—by the trillions of dollars.By Richard Heinberg on 20 January 2011 in Post Carbon Institute - (http://www.postcarbon.org/article/221391-limits-to-debt)Image above: Painting from series called "Dismayland" by Jeff Gillette. From (http://www.ufunk.net/artistes/dismayland-entre-favelas-et-disneyland).[This article is an excerpt from

Sovereign debt fear to spread

SUBHEAD:Sovereign debt unsafe. European default concerns will spread to United States and Japan.By Simon Kennedy on 7 January 2011 for Bloomberg News - (http://www.bloomberg.com/news/2011-01-07/sovereign-debt-unsafe-default-concern-spreads-to-u-s-japan-buiter-says.html)Image above: European debt domino effect. From (http://www.sovereignindependent.com/?attachment_id=10267).Fears of a sovereign

Muni Defaults in 2011

SUBHEAD: Forecaster Whitney: wave of municipal bond defaults to spur layoffs, and social unrest as early as 2011.By Staff on 21 December 2010 for CNBC.com - (http://www.cnbc.com/id/40769692)Image above: New York City bridge bond from 1868. From (http://www.cezarysalad.com/blog/tag/credit-crunch/).A wave of defaults by state and local governments in the coming months will spark a selloff in the