Economics and Investing:

AmEx (American Expat) sent this: U.S. to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says

Reader A.T. suggested this essay by Martin Armstrong: What Destroyed Rome was its Unfunded Government Employee Pensions

The Daily Bell reports: Now Mexico Bans Cash. JWR’s Comment: Don’t mistake this new law as part of the so-called war on drugs or the war on terror. Rather, it is plainly a part of the war on privacy and individual liberty.

Izzy Friedman: What Now For the Price of Silver?