G.G. flagged this bit of government spending orgy news: Federal budget deficit on track to eclipse $1 trillion for third year. How long do they think they can continue to do this without destroying the U.S. Dollar?
L.M.W. sent this: Why We Are Facing an Inflationary Depression
Hathaway Confirms Gold to Trade in the Five Digits
An interesting piece over at FOREX Crunch: We Have A Volunteer For Greek Losses
Items from The Economatrix:
Example How Gold Can be a Debt Protection
China Warns US Debt-default Idea Is Playing With Fire