The 6th incarnation of Elmer's blog
http://rt.com/politics/panarin-usa-collapse-economy-905/
This is an interesting thought experiment on what could happen if things go WAY downhill.
The US might collapse into six pieces, according to a theory proposed by Russian political scientist Igor Panarin. And the current economic crisis in the country, amplified by mass protests, might be the beginning.
Fayetteville, Ga.-based Southern Community Bank was seized late Friday by state and federal banking regulators, in the 12th Georgia bank failure in the last 11 months.
via Southern Community Bank shuttered – Atlanta Business Chronicle:
This comes in the same week that GA posted record unemployment and the construction market continued to collapse. Doesn’t seem like a recovery is in the cards this year.