Economics and Investing:

Bill Whittle discusses entitlements, the debt, and the inevitability of credit downgrades, higher interest rates, and hyperinflation: I’m Talking To You

James K. highlighted this news item in McNewspaper: Worst-case scenario is ugly if Greece leaves the Euro

Reader Sue C. sent us this: Countries across world gird for Greece turmoil

G.G. recommended this article in Der Spiegel: Desperate Greeks Withdraw Money from Accounts

Strong ties between JPMorgan, Senate Banking Committee. JWR’s Comment: The Senate committee members must be “…shocked, shocked to find that gambling is going on…” at JPMorgan.

Diana V. flagged this: Hong Kong Exchange to Buy London Metal Exchange for $2.1 Billion

Items from The Economatrix:

A Global Recession?  Warning Signs Everywhere

Foreclosure Activity Jumps in Troubling Sign of For Housing Recovery

Nervous Greek Voters Brace for Drachmageddon

Those Who See Will Survive The Coming Monetary System Collapse