Economics and Investing:

Peter Schiff: The real fiscal cliff.

Bloomberg reports from Japan: The End of a 1,400-Year-Old Business. (Thanks to R.N. and G.G. for the link.)

B.B. sent: $16,015,769,788,215.80 – $5.4 trillion added under Obama. JWR’s Comment: Don’t just blame Obama. It is Congress that holds the purse strings!

Also from B.B.: Supermarkets being looted in Spain

Items from The Economatrix:

S&P 500 Trims Loss Amid Speculation Europe to Take Steps

Manufacturing in US Shrank in August for Third Month

Investors Assets to be Stolen in the Coming Collapse

China Launching Gold-backed Worldwide Currency