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Economics and Investing:

Ben in Tenn. sent this item from Zero Hedge that shows that the MOAB [1] is going global: IMF Bailout For Greece To Come At SDR Rate Plus 300 bps Plus 50 bps Service Charge, Greece Says “Thank You US Taxpayers” [2]. Here is a quote: “The IMF, realizing it had a catastrophe on its hands, has caved in and according to Reuters will provide US taxpayer money to Greece at vastly below market rates.”

Reader “F1F” recommended this from The Washington Post: Debt Burden Weighs on Developed Nations [3]

Items from The Economatrix:

Greece Debt Fears Hit Fever Pitch [4]

Consumer Credit: OUCH! [5]

The Latest Gold Fraud Bombshell: Canada’s Only Bullion Bank Gold Vault is Practically Empty [6]

New Depths to Plunge To [7] (The Mogambo Guru)

Greek Banks Seek More Aid as Savers Withdraw 10 Billion Euro in Deposits [8]