Economics and Investing:

GG sent this: Buy farmland and gold,’ advises Dr Doom

Also from GG: Prices are rising fast, even if the CPI isn’t

Corey was the first of several readers to forward this: Banks at risk of going bust tops 700. Gee, with 7,000 banks in the country, that is a 1 in 10 chance that your bank is on the list. Those are practically Russian Roulette odds.

From Flavio: Harvard’s Rogoff Sees Sovereign Defaults, ‘Painful’ Austerity

Items from The Economatrix:

Real, Uglier American Unemployment

Death By Trillions of Dollars (The Mogambo Guru)

US State Pension Funds Have $1 Trillion Shortfall

Wealth Disparities in US Approaching 1920s Levels

More Generations Living Under Same Roof

Bad Economies in States to Worsen