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Economics and Investing:

Washington Footing the $1.6 Billion Cell Phone Bill for Millions of Low Income Americans [1]

Chris Martenson: Why Our Currency Will Fail [2]

If The Euro Breaks Up — Scenarios For Greece, PIIGS And Total Collapse [3]. (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 [4]

Items from The Economatrix:

G.G. flagged an interesting article from the blogosphere that originated in Switzerland: On Banknotes [5].

B.B. sent this: Food Prices Rose Most in 11 Months, May Climb in February [6]

Bernanke: Recovery Depends On Consumer Spending [7]

10 Things Every American Should Know About The Federal Reserve [8]