Economics and Investing:

U.S. dollar ‘seriously overvalued’

From SurvivalBlog reader GG: The next great crisis: America’s debt. At this rate, your share of the load will be $155,000 in a decade. How chronic deficits are putting the country on a path to fiscal collapse.

Another from GG (also sent by KAF): Get Ready for Inflation and Higher Interest Rates. The unprecedented expansion of the money supply could make the ’70s look benign

Fam sent us this: Treasury Secretary’s Secret Talking Points Reveal That Banks Were Forced to Surrender Ownership Stakes to Government

From DD: Foreclosures hit the upscale market

Items from The Economatrix:

Treasuries Tumble After Auction; Russian Threat to Cut Holdings “‘There are an awful lot of Treasuries being auctioned and there’s going to be more and more and more and more,’ said Jay Mueller, who manages about $3 billion of bonds at Wells Fargo Capital Management in Milwaukee.”

Stocks Falls After Weak Auction of 10-Year Notes

Fed Unveils Some Details on $1 Trillion in Lending, But Doesn’t Identify Borrowers (Which leads us to ask: How much money is being sent offshore?)

Survey: Dollar, Government Bonds Set to Decline As Economies “Recover”

High Court Clears Way For Chrysler Sale to Fiat “The United States government has, I continue to believe, acted egregiously by taking away the traditional rights held by secured creditors.”

Congress Subpoenas The Fed Over BoA-Merrill Lynch

Airfares to Fall Further in Recession

Former AT&T CEO (Whitacre) to Become New GM Chairman

More Politics in Auto Plant Closures?

Now Boarding At Gate C14: Capital Flight Airlines

Russia, Brazil to Buy $20 Billion IMF Bonds, Diversify Reserves
“Russia’s central bank said it may cut investments in U.S. Treasuries, currently valued at as much as $140 billion, a week after China said it may reduce reliance on the dollar and American bonds. Brazil’s Finance Minister Guido Mantega said his country will purchase $10 billion of debt sold by the IMF, China will buy $50 billion and India may announce similar funding.”

You Just Have To Laugh (The Mogambo Guru)

Bullion and Bandits: The Improbable Rise and Fall of e-Gold

Parental Lifelines Frayed to Breaking

20-somethings having to move back in with parents