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Economics and Investing:

The credit derivatives plot thickens: New York Fed’s Secret Choice to Pay for Swaps Hits Taxpayers [1]. (Thanks to David V. for the link.)

Russia delays sale of 50 tons of gold [2]. (A hat tip to Trey for the link, by way of MineWeb.)

GG sent this: Stimulus jobs overstated by thousands [3]

SurvivalBlog’s Editor at Large Michael Z. Williamson [4] spotted this New York Times piece: Hard Work, No Pay [5]. It includes this memorable quote: “I am not unemployable. I have a master’s of fine arts and spent two years in the Peace Corps.” Mike’s comment: “Er…I thought that was the definition of unemployable!”

Ben L. liked this article: Gold Market Reaching The Breaking Point [6]

Items from The Economatrix:

Gold to Rise to $2,000 Amid “Massive” Inflation, Superfund Says [7]

Paul Craig Roberts: Are You Ready for the Next Financial and Economic Crisis? [8] “Evidence that the US is a failed state is piling up faster than I can record it. One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests.”

Goldie Sachs Defends Controversial Trading Practices [9]

Recession Declared Over But Job Losses Mounting [10]

Home Foreclosures Jump in Previously Untouched Cities [11]

Credit Card Hikes Raise Congresses’ Blood Pressure [12]

Unemployed Tap their 401ks [13]