Economics and Investing:

Bond Prices Plunge for Second Day on Deficit Fears. (Thanks to B.B. for the link.)

Nancy B. suggested this insightful piece by Max Hastings: We’re all doomed!!! We still haven’t woken up to how much poorer the West is going to be in the future…

Fleeing the U.S. Dollar: IMF sells 200 metric tons of gold worth $6.7 billion to India’s central bank

Here is a piece by my mentor, Dr. Gary North: U.S. Facing Federal Debt Cataclysm, The Establishment Is in Despair

Ferd flagged this: The Fed Has a $110 Billion Problem with New Benjamins

The Federal Reserve covered staggering losses at American banks

Items from The Economatrix:

Consumer Credit Jumps by Most in More than Two Years  

Eurozone on Brink of Meltdown  

Huge Movements in Silver Comex