Economics and Investing:

Zimbabwe Bashes US Dollar, Aligns With Yuan. (Thanks to K.P. for the link.)

Also courtesy of K.P.: Eric Sprott – Silver Producers: A Call to Action

Jim V. pointed us to a great interview with Kyle “20 Million Nickels” Bass, at AmeriCatalyst. He calls default on Greek sovereign debt inevitable and inescapable. Then comes Japan, and in the long run, the United States. He has the numbers to back this up. He also has some interesting comments on the importance of taking physical delivery of precious metals. On balancing the Federal budget, he made this prescient comment: “The bottom line is that we either take a lot of pain now, or apocalyptic pain, later.”

Items from The Economatrix:

US Rescue Act Is A Sign Of The Mess We’re In

Peter Schiff Explains What Today’s Global Fed-Funded Bailout Means For The Future

Prepare For End Of The Euro, Banks Told

Factories Stalling Worldwide