Economics and Investing:

B.B. sent this: UBS’ Advice on What to Buy in Case of Eurozone Breakup: “Precious Metals, Tinned Goods and Small Calibre Weapons”

Also over at Zero Hedge: Rumor Meet News: S&P to Put All 17 Euro Nations on Downgrade Watch. (Thanks to Keeley for the link.)

Lord Stevens: youth unemployment will fuel disorder on the streets.

Chris Martenson and James Turk talk about the Global Debt Explosion, Europe, and Derivatives. Martenson asks: “How do you un-wind $600 trillion to $1 quadrillion in derivatives?”

Richard Russell: Expect a Jolt in Commodity Prices in the Near Future

Items from The Economatrix:

Fed Hawks Say Central Banks Can’t Solve Fiscal Woes

Tens of Millions of American Families are Living on the Edge of Desperation–And the Economy is About to Get a Whole Lot Worse

Gold:  Will it Go to $12,500 – $24,000 – or $39,000/Oz. By the End of the Decade?  Here’s The Rationale For Each

John Williams Hyperinflation Warning, Preserve Wealth Value With Gold

Study Documents Desperate Conditions Facing The Unemployed In America