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Economics and Investing:

Monty Pelerin: Europe Will Trigger U.S. [1]

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 [2]

Greek Exit From Euro Seen Exposing Deposit-Guaranty Flaws [3]

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. [4]

Over at TF Metals Report: Getting Real, Real Fast [5]

‘Beware a rerun of the Great Panic of 2008’: Head of World Bank warns Europe is heading for ‘danger zone’ [6]

Items from The Economatrix:

Oil Set For Biggest Monthly Drop in Three Years on Debt Crisis [7]

Jobs Data Points to Recovery Losing Momentum [8]

Gold Poised for Worst Monthly Run in 13 Years on European Crisis [9]

Moody’s Downgrades Nine Danish, Three Finnish Banks and Lenders [10]