Economics and Investing:

From Paul D.: US faces Armageddon if China and Japan don’t buy debt

Investors gird for post-recession inflation

HH latched on to this article: U.S. Debt Crisis May Cause ‘Fall of Rome’ Scenario, Duncan Says

From FG: Detroit hits 28.9% unemployment

Items from The Economatrix:

Fed Admits Hiding Gold Swap Arrangements

New Jobless Claims Drop Unexpectedly to 530,000

Fed Scales Back Two Emergency Lending Programs

Iran Replaces the US Dollar with the Euro


New Deadly Dollar Carry Trade


Gold to Reach $1,500 This Fall?