Economics and Investing:

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

US Hurtles Toward System Failure

Death By Debt

Global Economic Crisis Deepening