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Economics and Investing:

Reader V.L. sent a clip from a television reporter that must have skipped “Reality 101”, in college [1]. (Sarcasm ON: I won’t sleep well at all tonight, now the I’ve been told that my gold “isn’t backed by anything–unlike the U.S. Dollar.”)

German push for Greek default risks EMU-wide ‘snowball’ [2]

Items from The Economatrix:

Euro Crisis Spreads and Puts the World Economy at Risk [3]

Detroit’s descent into economic darkness continues, literally: DTE deal pulls out lights in Highland Park–Areas in dark after 1,400 street lights removed to settle bill [4]

When? [5]  (When will the next financial crisis happen?)

The Top 100 Statistics About the Collapse of the Economy that Every American Voter Should Know [6]