Economics and Investing:

Scooby Doo say: “Rutt-row!”: Moody’s Downgrades Portugal to Ba2 From Baa1, Outlook Negative

John T. suggested this by Peter Schiff: The rise of the barter economy

Tyler Durden reports at Zero Hedge: Planned Job Cuts Increase by 12% in June, Second Sequential Increase. Here is a quote: “Forget new job formation. According to the just released Challenger jobs report, job destruction is starting to be an issue again, after the June report disclosed that “the number of planned job cuts announced by U.S.-based employers increased by 4,297 or 11.6 percent to 41,432 in June.”

Europe takes another step closer to the edge. (Thanks to Tony B. for the link.)

John R. sent this: Eric Sprott: Paper Markets are a Joke: Prepare for Bullion Prices to Go Supernova

Commentary from Agustino Fontevecchia at Forbes:  Dollar’s Share of Global Reserves Continues to Slide, Reserve Status Questioned  

Items from The Economatrix:

Zimbabwean currency illustrates: Rapid Effects of Massive Hyperinflation

Seven Reasons The U.S. Needs A Good Depression

Moody’s Downgrades Portuguese Bonds to Junk Status

Bankers Built Private Empires On Public Credit