Economics and Investing:

I highly recommend this interview: Chris Duane on Coast to Coast AM. Thankfully, the recording is minus the lengthy commercial breaks. Duane (of Silver Bullet & Silver Shield) says that the collapse of the U.S. Dollar is a “100% mathematical certainty.” Duane also points out the risk posed by the 27 million Americans on prescribed antidepressants. He predicts that there will widespread psychotic breaks if there is a disruption of pharmaceutical supplies.

Despite this gent’s odd demeanor, his words ring true: No independence. (Thanks to K.H. for the link.)

Sue C. sent this: Brent higher, U.S. crude pares losses after EIA data. JWR’s Comment: Since the global financial crisis is putting a damper on industry, I expect crude oil prices below $90 per barrel by September, and possibly much lower, in 2013.

Items from The Economatrix:

Silver Market Update

Mammoth Lakes Files For Bankruptcy

US Manufacturing Shrinks for First Time in Three Years

Oil Prices May Have Hit Bottom