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Economics and Investing:

RJK sent this: End Game Approaching in Europe: No Way Out But Debt Restructuring [1]

Back to the Future: Gold, JPY, DAX, Paulson – CRASH? [2]

Report: Crop losses in Texas top $5 billion [3]. (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 [4].

Items from The Economatrix:

A Big Bounce, Ounce By Ounce, and Gold Takes Off [5]

Core Wholesale Inflation Up Most in Six Months [6]

0% Interest Rates Locks in Inflation [7]

Fitch Keeps US at AAA [8]