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Economics and Investing:

Gold Rallying to $1,500 as Soros’s Bubble Inflates [1]. (Thanks to B.B. for the link.)

From The Daily Bell: WSJ Discovers the Austrians & Boettke – but not the Mises Institute [2]

Mort Zuckerman bemoans BHO [3]‘s band of fools: The Most Fiscally Irresponsible Government in U.S. History [4]. (A hat tip to Patrick S. for the link.)

Oregon man pleads bankruptcy fraud, hiding gold [5]. Apparently, he failed Cache Construction 101.

From K.A.F.: Problem bank list climbs to 829 [6]

Items from The Economatrix:

Top Economists: The Second Great Depression Has Arrived [7]

Struggling Cities Shut Firehouses in Budget Crises [8]

Mish: 10 Leading Retailers Close Stores; Exodus of Small Retailers Amidst Signs of “Free Rent” [9]

Blockbuster to File for Bankruptcy in September [10]

Bernanke Says Economy Remains Vulnerable [11]

Record 1-in-6 Getting Government Aid [12]

Jobs Data to Show Severity of Economic Malaise [13]. Wells Fargo: ‘Our view is that the recovery is petering out, not sliding into a double dip’

Obama: No Magic Bullet for Struggling Economy [14]

More Million-Dollar Homes Falling to Foreclosure [15]

HUD: No Decision on Reviving Homebuyer Tax Credit [16]