Economics and Investing:

Eric Sprott talks precious metals on Squawk Box. Toward the end, he is asked about physical preparedness. Eric says: “Prudence is very much warranted.” (Thanks to SurvivalBlog’s G.G. for the link.)

Faber Warns “Everything Will Collapse”

G.G. sent this: USPS Prepares for Second Default in Two Months

Bram suggested some good monetary analysis by Charles Hugh Smith: Why QE Won’t Create Inflation Quite as Expected

Items from The Economatrix:

The Truth About The Fiscal Cliff

New Home Sales Dip, But Prices Hit 5-Year High

Dr. Gary North:  Five Mainstream Economists Sound A Warning

Europe Is Now In A Completely Unmanageable Situation