Economics and Investing:

MF Global: Proof that the U.S. government is not able or willing to protect investors. (Thanks to Jeff H. for the link.)

Karl Smith: The Euro-Crisis is Much Worse Than It Looks

Just as if they were cranking up the printing presses: Top central banks move to avoid global liquidity crunch.

Meanwhile, overseas: China cuts reserve ratio in move to inject cash. (Thanks to K.A.F. for the link.)

Harrisburg: a city at war with itself. (The first major U.S. city to declare bankruptcy. The first of many, I fear.)

Items from The Economatrix:

Prepare For Riots In Euro Collapse, Foreign Office Warns

European Banks Frantically Trying To Dump $7 Trillion of Cr*p Assets, But No One Will Buy Them

Venezuela Brings Home Gold Reserves

Today’s Currency War May Be Tomorrow’s Crisis