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Economics and Investing:

Eric Sprott talks precious metals on Squawk Box [1]. 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” [2]

G.G. sent this: USPS Prepares for Second Default in Two Months [3]

Bram suggested some good monetary analysis by Charles Hugh Smith: Why QE Won’t Create Inflation Quite as Expected [4]

Items from The Economatrix:

The Truth About The Fiscal Cliff [5]

New Home Sales Dip, But Prices Hit 5-Year High [6]

Dr. Gary North:  Five Mainstream Economists Sound A Warning [7]

Europe Is Now In A Completely Unmanageable Situation [8]