Economics and Investing:

Washington Footing the $1.6 Billion Cell Phone Bill for Millions of Low Income Americans

Chris Martenson: Why Our Currency Will Fail

If The Euro Breaks Up — Scenarios For Greece, PIIGS And Total Collapse. (Thanks to F.B. for the link.)

Reader Andrew M. mentioned the latest edition of KGS Night Watch newsletter that discusses possible economic collapse in Iran

Items from The Economatrix:

G.G. flagged an interesting article from the blogosphere that originated in Switzerland: On Banknotes.

B.B. sent this: Food Prices Rose Most in 11 Months, May Climb in February

Bernanke: Recovery Depends On Consumer Spending

10 Things Every American Should Know About The Federal Reserve