Economics and Investing:

SurvivalBlog’s Editor at Large, Michael Z. Williamson sent this: A Few Charts That Show Why Quantitative Easing Was A Miserable Failure

That dreaded “D.” word is spoken again: Bullard sees debt default as big global risk. (Thanks to B.B. for the link.)

A bit late to jumping on the band wagon: Traders Are Dumping Stocks and Buying Gold and Silver

Reader Pierre M. suggested this: President Obama’s phony accounting on the auto industry bailout

Bill J. sent this: Senators seek crackdown on “Bitcoin” currency. (JWR’s Comment: I’m not surprised to see Senator Schumer’s name mentioned…)

Items from The Economatrix:

Low Yields On Treasury Debt No Guarantee That Fiscal Crisis Won’t Hit US

Oil Rises As OPEC Maintains Production Level

Stocks Fall As Fed Delivers Mixed Economic Outlook

Fed Survey:  Economy Falters in Several US Regions