Economics and Investing:

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Reader R.B.S. sent this: Schools Pass Debt to the Next Generation

M.E.W. web-wandered into this: California Doesn’t Exist—It’s Now Two States

Debt bubble amnesia – 40 percent increase of Americans with accounts in collection in the last decade. System still heavily reliant on extreme consumption.

Items from The Economatrix:

2012 Gas Prices Head For Record

Factory Output In U.S. Climbs As Prices Remain Tame

22 Stats That Show How The Emerging One World Economy Is Absolutely Killing American Workers

The Portuguese Run Out Of Gold To Sell