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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 [1]

Judgment day for housing shadow inventory already here – Foreclosure inventories reach an all-time high. FHA and GSE loans only game in town. [2]

G.G. flagged this: Contagion Catastrophe: Europe is closer than you think to bringing down the American—and, therefore, the global—economy [3].

Canadian Eric Sprott Makes His Move of the Comex, Physical to Break from Paper [4]

Items from The Economatrix:

Gold May Hit $3,000 if US Devalues Dollar [5]

American Airlines Files Bankruptcy [6]

Two Possible Outcomes For The European End Game [7]

Central Bank Action:  Stunning Move Highlights Sense Of Desperation [8]