Economics and Investing:

Kevin S. suggested this article: Concerned Roman Hoarded Gold to Protect Against Hyperinflation at the Outer Reaches of Roman Empire

The Washington Times reports: Welfare spending jumps 32% in four years. (Our thanks to B.B. and P.D. who both sent the link.) P.D.’s comment: “As you’ve written before, when the EBT cards stop working, there will be blood.”

Dallas Federal Reserve President Richard Fisher recently offered a stunning assessment about our policymaking central bankers down in Washington. They’re winging it.

Items from The Economatrix:

Why Are Gasoline Prices Suddenly Falling?

Iran Renews Cyberattacks on US Banks

Moody’s Downgrades World’s Oldest Bank to “Junk”

Stagflation Warning:  When You Look At What Happened In The First Half Of The 1970s, The Similarity Between Then And Now Is Frightening