Economics and Investing:

Chipotle Ends the Penny Before U.S. Mint Does. (Thanks to Gregg P. for the link.)

Food prices jump will hit poor, World Bank warns. Global food prices have leapt by 10% in the month of July

More Monetization: Debt crisis: ECB should launch ‘unlimited’ bond buying, says OECD. Somehow, I don’t think that a country buying their own bonds is what Bing Crosby had in mind. (Thanks to G.G. for the link.)

Items from The Economatrix:

Charlie McGrath:  Collapse, Civil Unrest are Unavoidable

The “Euphoric” Economy and Why “They” Didn’t See it Coming

Into The Meat Grinder:  A “Market Meltdown the Likes of Which We’ve Never Seen is Upon Us”

Illinois Debt Cut By S&P After No Action on Pension Funding