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Economics and Investing:

From reader Michael S.: The Silent Entitlements Monster: Social Security, Medicare And Interest On The Debt Will Gobble Up Every Single Tax Dollar By 2020 [1]

Damon sent this: Time is Running Out for the US Dollar [2]

Reader S.M. kindly sent us links to five economic articles:

The US Government will have to pay higher rates of interest in order to keep selling our debt in order to keep spending and going deeper into debt [3].

Another indication of inflation [4]

A new tool to fight home foreclosures: borrowers don’t have to pay lenders! [5]

Re-writing delinquent mortgages. Not even 50% have been successful at solving problem [6]

Personal Income Drops Across the Country [7].

Items from The Economatrix:

Commentary from Dan Denninger: Credit Growth? Not In Mortgages! [8]

To Save New York, Tax Wall Street [9]

EU Faces Bleakest Period for a Decade [10]

Europe in Crisis as Debts Grow [11]