Economics and Investing:

SurvivalBlog’s Editor At Large Michael Z. Williamson sent us this sign of the times: Frustrated Owner Bulldozes Home Ahead of Foreclosure.

Robert H. and A.P. both sent us this link: South Carolina Lawmaker Seeks to Ban Federal Currency

Reader H.M. e-mailed me to mention that he greatly enjoyed a recent radio interview with Jim Sinclair.

Adrian recommended this commentary by John Rutledge: Banana Republics Need Compliant Central Banks. Here is an excerpt: “Wait a minute. Huge increase in government spending. Fast-rising debt. Tax the rich. Appoint political advisors to run the central bank. That’s us! “

Items from The Economatrix:

Jobless Claims, Inflation Jumps as Economy Wobbles

Monetary Inflation and the 32 Cent Gallon of Gas (The Mogambo Guru)

Law of Diminishing Returns of Credit Expansion

Governors Brace for More Economic Turmoil (also sent to us by J.D.D.)

US Consumer Prices Fall for First Time in 27 Years

Pound Slides Further on Surprise Fed Rate Raise