Economics and Investing:

Monty Pelerin: Europe Will Trigger U.S.

Frantically spending and monetizing, to delay the collapse: Debt Up $1.59 Trillion Under GOP House—More in 15 Months than First 97 Congresses Combined

Greek Exit From Euro Seen Exposing Deposit-Guaranty Flaws

The end game of global leveraged debt – double-digit percentage point market declines in Europe and Japan and the danger of refinancing debt with longer term debt.

Over at TF Metals Report: Getting Real, Real Fast

‘Beware a rerun of the Great Panic of 2008’: Head of World Bank warns Europe is heading for ‘danger zone’

Items from The Economatrix:

Oil Set For Biggest Monthly Drop in Three Years on Debt Crisis

Jobs Data Points to Recovery Losing Momentum

Gold Poised for Worst Monthly Run in 13 Years on European Crisis

Moody’s Downgrades Nine Danish, Three Finnish Banks and Lenders