Economics and Investing:

John R. sent this: US Debt/GDP Hits Post WW2 High 99.5% Following $55 Billion Overnight Debt Increase: Total Debt Now Over $15.1 Trillion

Judgment day for housing shadow inventory already here – Foreclosure inventories reach an all-time high. FHA and GSE loans only game in town.

G.G. flagged this: Contagion Catastrophe: Europe is closer than you think to bringing down the American—and, therefore, the global—economy.

Canadian Eric Sprott Makes His Move of the Comex, Physical to Break from Paper

Items from The Economatrix:

Gold May Hit $3,000 if US Devalues Dollar

American Airlines Files Bankruptcy

Two Possible Outcomes For The European End Game

Central Bank Action:  Stunning Move Highlights Sense Of Desperation