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Economics and Investing:

B.B. recommended this at the Jim Rogers Blog: We Should Take The Pain Now And Not Wait Until The Market Forces The Pain On Us [1]

$15 Trillion, and counting: US Government Spiraled Deeper into Debt This Fiscal Year [2]. (And that doesn’t include long term pension and interest obligations!)

Yishai and several other readers sent this: Treasury plans for euro failure: The Government is considering plans to restrict the flow of money in and out of Britain to protect the economy in the event of a full-blown euro break-up [3]. Yishai’s noted: “If I were British, I’d be trying to move some money offshore now.”

Items from The Economatrix:

How Goldman Sachs Sees 2012 [4]

S&P Drops Second Downgrade Clanger on Goldman Sachs [5]

ECB Blew Away 500 Billion Euros, and the Markets Still Fell [6]

London Trader:  There are Tremendous Silver Shortages [7]