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Economics and Investing:

John E. flagged this bit of statist arrogance: US Treasury Secretary Tim Geitner – “Taxes on ‘Small Business’ Must Rise So Government Doesn’t Shrink” [1]

John R. kindly sent us a whole raft of economic news items and some excellent commentary:

Derivatives Cloud the Possible Fallout From a Greek Default [2]

Inevitable Catastrophe: The Fruits of Moral Hazard on a Global Scale [3]  (Charles Hugh Smith)

Chance Didn’t Create the Current Economic Crisis [4] (Bob Chapman)

Bernanke Lies Half Life Reduced To Under One Day As Aflac Scrambling To Shore Up Liquidity On European Exposure [5]

Mike Whitney: QE 3? — The Perils of Inflation Targeting [6]

Feigning Cluelessness, Helicopter Ben Fools No One [7] (Rick Ackerman)  

Items from The Economatrix:

Russia, China Sign Deal to Switch to Trade in Rubles, Yuan [8]

Peter Schiff:  US Set to Default; Silver Headed to $200 [9]

Fed Admits US Economy Struggling [10]

Nevermind Greece, Look at Britain’s Deficit [11]

The Latest FDIC Failed Bank List [12]

US Budget Office Warns on Debt Explosion [13]