Economics and Investing:

HPD sent this: Geithner plan will rob American taxpayers: Stiglitz

Kevin A. recommended a piece by Bill Fleckenstein over at The Silver Bear Café: Got gold? You’re right on the money. Here is a quote: “We are attempting to print our way to prosperity. That can’t be done, any more than we could speculate our way to prosperity during the stock bubble or borrow our way to prosperity in the real-estate/credit bubble.”

Jeff K. suggested: Bernanke Inserts Gun in Mouth. Jeff’s comment: “We disagree on inflation versus deflation [in the next few years], but one must take notice when a mainstream blogger like Denninger advises preparing for WTSHTF. (See the last paragraphs [of the Market Ticker article].)”

Items from The Economatrix:

Financial Overhaul Plan Draws GOP Opposition

Roubini: Stocks Will Drop, Banks Will Go Belly Up

Geithner Wants Power Over Hedge Funds, Derivatives

Geithner Power Grab Worries Editors

Dollar Dips on Geithner’s Loose Talk

Ford to Dump Volvo at Huge Loss

US Backing for World Currency Stuns Markets

IMF Rescues Romania and Serbia

One Small Problem with Geithner’s Plan: it Will Bankrupt the Banks

Total Fraud (The Mogambo Guru)

Gold Spikes After Geithner Speaks on Dollar