John R. sent this: 647,762,000,000,000 Reasons to Worry: The Derivatives Time Bomb.
Food is the New Oil, Land is the New Gold. (Thanks to Bob G. for the link.)
Reader J.B.G. sent this: Pharmacy queues show price Greeks are paying for credit breakdown
L.M.W. suggested some more great commentary from Karl Denninger: On “Austerity” and False Gods
Items from The Economatrix:
AIG Chief Sees New Retirement Age as High as 80 After Crisis.
Shenandoah: A Fascinating Editorial From A Chinese Economist On The US Dollar