Economics and Investing:

RJK sent this: End Game Approaching in Europe: No Way Out But Debt Restructuring

Back to the Future: Gold, JPY, DAX, Paulson – CRASH?

Report: Crop losses in Texas top $5 billion. (Thanks to Michael W. for the link.)

How to Dig Yourself Out of Credit Card Debt

Thanks to Chris S. for spotting this: President Hugo Chavez announced Wednesday he is nationalizing Venezuela’s gold mining industry and intends to bring home $11 billion in gold reserves currently held in U.S. and European banks.

Items from The Economatrix:

A Big Bounce, Ounce By Ounce, and Gold Takes Off

Core Wholesale Inflation Up Most in Six Months

0% Interest Rates Locks in Inflation

Fitch Keeps US at AAA