Reporter Who Broke Clinton-Lynch Tarmac Story And Received 'Significant' Death Threats Found Dead

https://www.zerohedge.com/political/reporter-who-broke-clinton-lynch-tarmac-story-and-received-significant-death-threats

HSBC Lost $200 Million In One Day When The Gold Market Broke

https://www.zerohedge.com/markets/hsbc-lost-200-million-one-day-when-gold-market-broke

This Is The Real Reason Why The Public Is Broke And The Middle Class Is Being Destroyed

http://kingworldnews.com/this-is-the-real-reason-why-the-public-is-broke-and-the-middle-class-is-being-destroyed/

If your country’s broke, don’t hold all of your savings there

https://www.sovereignman.com/trends/if-your-countrys-broke-dont-hold-all-of-your-savings-there-18922/
 

Something Broke In The U.S. Silver Market - Steve St. Angelo

https://www.sprottmoney.com/blog/something-broke-in-the-us-silver-market-steve-st-angelo.html

Paul Craig Roberts – The United States Is Broke And Europe Looks To China As Insane U.S. Policymakers Push For War

http://kingworldnews.com/paul-craig-roberts-the-united-states-is-broke-and-europe-looks-to-china-as-insane-u-s-policymakers-push-for-war/

George Osborne: UK has run out of money

http://www.telegraph.co.uk/news/politics/9107485/George-Osborne-UK-has-run-out-of-money.html

“The British Government has run out of money because all the money was spent in the good years,” the Chancellor said. “The money and the investment and the jobs need to come from the private sector.”

Wow, a political leaders speaks the truth.

Controller: State to run out of cash in March without action

Forget Greece--California is broke--again.

http://blogs.sacbee.com/capitolalertlatest/2012/01/controller-state-to-run-out-of-cash-in-march-without-action.html

Is gold rising because America is broke?

I agree with the overall premise of this article, but it is not only the US that is broke.  Other developed countries in Europe and Japan are also drowning in debt.

http://www.ibtimes.com/articles/137448/20110424/gold-super-cycle-rally-record-united-states-america-economy-pawn-unemployment-dollar-price.htm

America is broke

http://usawatchdog.com/national-debt-america-is-broke/

FDIC expands deposit insurance limit from $250,000 to unlimited

http://fdic.gov/news/news/press/2010/pr10217.html

The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved the issuance of a proposed rule to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide depositors at all FDIC-insured institutions unlimited deposit insurance coverage on noninterest-bearing transaction accounts beginning December 31, 2010 through December 31, 2012.

That's great to hear, until one realizes the FDIC itself is broke.

Alan Greenspan: The Financial System Is Broke

Visit msnbc.com for breaking news, world news, and news about the economy

http://www.msnbc.msn.com/id/21134540/vp/38510073#38510073

MR. GREENSPAN: Yeah, yeah. I, I would say that there's nothing out there that I can see which will alter the, the, the trend or the level of unemployment in this context.

MR. GREENSPAN: Well, the problem there implies that the government has control over those rates, meaning the Federal Reserve and the Treasury Department, in a sense. There is no doubt that the federal funds rate, that is the rate produced by the Federal Reserve, can be fixed at whatever the Fed wants it to be, but which the government has no control over is long-term interest rates, and long-term interest rates are what make the economy move. And if this budget problem eventually merges to the point where it begins to become very toxic, it will be reflected in rising long-term interest rates, rising mortgage rates, lower housing. At the moment, there is no sign of that, basically because the financial system is broke and you cannot have inflation if financial system is not working.

There's nothing like the truth coming from a former Fed Chairman. Greenspan is correct in this case: bond vigilantes will punish the US Treasury bond markets in demanding higher yields on long-dated Treasury bonds, forcing up long-term interest rates. They will also drive down the value of the USDollar, as the US government's ability to pay its obligations will come under question. It's not a matter of if, but when the steepening of the yield curve will occur.

Here is an article addressing the steepening of the yield curve from 2009.

http://www.reuters.com/article/idUSTRE54U1NZ20090531

FDIC falls further into the sink hole

http://www.zerohedge.com/article/fdic-hits-record-default-levels-deposit-insurance-fund-plunges-127-billion-negative-209-bill

The Federal Deposit Insurance Corp. said Tuesday that its deposit-insurance fund fell to $20.9 billion at the end of 2009, a $12.6 billion drop in the final three months of the year, as bank failures continued at a pace not seen since the savings and loan crisis. The fund's reserve ratio was -0.39% at the end of the quarter, the lowest on record for the combined bank and thrift fund.

Hawaii is so broke...

they can't afford to have an election for one of their Congressional seats.

http://www.msnbc.msn.com/id/34782085/ns/us_news/

FDIC is broke

The FDIC isn't almost broke--it IS broke.

http://www.fdic.gov/news/news/press/2009/pr09212.html

The number of institutions on the FDIC's "Problem List" rose to its highest level in 16 years. At the end of September, there were 552 insured institutions on the "Problem List," up from 416 on June 30. This is the largest number of "problem" institutions since December 31, 1993, when there were 575 institutions on the list. Total assets of "problem" institutions increased during the quarter from $299.8 billion to $345.9 billion, the highest level since the end of 1993, when they totaled $346.2 billion. Fifty institutions failed during the third quarter, bringing the total number of failures in the first nine months of 2009 to 95.

As projected in September, the FDIC's Deposit Insurance Fund (DIF) balance – or the net worth of the fund – fell below zero for the first time since the third quarter of 1992. The fund balance of negative $8.2 billion as of September...