Economics and Investing:

Jeff in Virginia and Yishai both mentioned this: WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on price. Count this as further evidence that Peak Oil is reality.

Michael Pollaro writes in Forbes: America, poised for a hyperinflationary event?

Air Force Dad sent us this: US Dollar Index: Momentum selling could be swift and steep. As Quantitative Easing (monetizing the National Debt) continues, look for plenty of downward momentum in the USDI.

C.D.V. sent: 10 Ways Weather is Wreaking Havoc on the Global Economy

Items from The Economatrix:

9% Unemployment Rate is a Statistical Lie  

US Bank Closures Continue Rapid Pace as Four More Fail    

Asian Demand for Gold and Silver Will Cause Much Higher Prices   

Homeowners Face “New Normal” In Housing Bust  

71% Las Vegas Homes Underwater Financially