Economics and Investing:

H.L. sent this bit of news from England that illustrates the Green crowd’s disconnect from reality: Street lights turned off in their thousands to meet carbon emission targets–Huge swathes of Britain are being plunged into darkness as more and more streetlights are switched off by councils and roads authorities.

Economist Michael Pento Warns of Inevitable Financial Collapse: “The Real ‘Fiscal Cliff’ Is The Coming Currency And Bond Market Collapse.”

Where Should Gold Be Based On Inflation?

Items from The Economatrix:

The One Headwind That Could Stymie The US Economy Recovery

Schiff:  Think Gold’s Pricey?  Wait ‘Til It Hits $5,000

Will The Bottom Fall Out?  15 Signs That Layoffs And Job Losses Are Skyrocketing

James Turk:  The Entire German Gold Hoard Is Gone