Economics and Investing:

Those pesky derivatives: Wall Street Journal says Comex has been classified as ‘too big to fail’. (“Taxpayers Now Stand Behind Derivatives Clearinghouses.”)

More About Banksters and Derivatives: Taxpayer Supported Gambling

How Crumbling U.S. Dollars Bailed Out Zimbabwe. (Thanks to Gregg P. for the link.)

Adam Brown of Forbes reports: European Crisis: A Greek Exit Would Only Be The Start, Not The End

Spain: Five banks downgraded, Bankia seeks 19 billion euros in aid. (Thanks to B.B. for the link.)

Items from The Economatrix:

Turn Out The Lights:  The Largest US Cities are Becoming Cesspools of Filth, Decay, and Wretchedness

The Law Of The Sea Treaty Will Sink America’s Economy

What Happens When All The Money Disappears In Thin Air?