Economics and Investing:

John Embry discusses gold and silver with James Turk. Don’t miss Embry’s comments on the gold to silver ratio (starting 4 minutes into the interview), and about the prospects for hyperinflation, (starting about 10 minutes in).

H.D. pointed me to this New York Times article: Gold Mania in the Yukon.

C.D.V. flagged this: Social Security deficits now ‘permanent’

Items from The Economatrix:

Foreclosures Crush Home Prices

Reports of Mortgage Fraud Reach Record Level

Stocks Fall as European Financial Crisis Expands

Asian Markets Subdued on US Mixed Signals

Stocks Edge Higher as Commodity Slide Eases

Dollar In Graver Danger Than Euro. [JWR Notes: “Graver” is an acceptable adjectival form, according to the Merriam-Webster Dictionary, but it will never sound right, to my ear.]