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Economics and Investing:

Jim W. recommended this “must watch” interview that mentions the coming derivatives [1] implosion: Greg Mannarino – People Are Going to Suffer on a Biblical Scale [2]

Marc Faber – The Most Dangerous Trend Facing The World Today [3]. (Thanks to H.L. for the link.)

G.G. flagged this: Regulators close small bank in Minnesota for total of 41 US failures so far this year [4]

Items from The Economatrix:

June Food Stamp Recipients Hit All-Time High As Three Times As Many Americans Enter Poverty Than Find Jobs [5]

8 Reasons Why No One Should Ignore The Coming Economic Collapse [6]

Unemployment Benefits Claims Fall 12,000 [7]

Inflation Fears, Looming Fiscal Cliff Send Gold Soaring [8]