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Economics and Investing:

SurvivalBlog’s Poet Laureate George Gordon (“G.G.”) sent this: Germans, and a Wave of Swiss Bank Accounts, are Piling into Gold as if it’s a New Crisis [1]

The Daily Bell reports: US Fed Gains Power, Loses Credibility? [2]

More than 400 US Banks Will Fail: Roubini [3]

Reader Sam G. sent us a link to a piece that deconstructs some Orwellian journalism: TIME: Rising Unemployment Rate Is Good News [4]

Items from The Economatrix:

Seven Steps to Becoming a One-Income Family [5]

Despite Hiring, US Unemployment Rate Seems Frozen [6]

Stocks Extend September Rally After Jobs Report [7]

Heavy in Dollars, China Warns of Depreciation [8]

Lehman Brothers Rescue Would Have Been Unlawful, Says Bernanke [9]

Gold & Investment in Failure [10]

Housing Troubles Resurfacing [11]

Matterhorn Asset Management Sets Three Gold Price Targets: $6,000, $7,000 and $10,000 [12]

DC Faces Possible Armageddon Unlike Anything Since the Civil War [13]

Ambrose Evans-Pritchard: Dangerous Defeatism Taking Hold of Among America’s Economic Elites [14]