Economics and Investing:

From reader Michael S.: The Silent Entitlements Monster: Social Security, Medicare And Interest On The Debt Will Gobble Up Every Single Tax Dollar By 2020

Damon sent this: Time is Running Out for the US Dollar

Reader S.M. kindly sent us links to five economic articles:

The US Government will have to pay higher rates of interest in order to keep selling our debt in order to keep spending and going deeper into debt.

Another indication of inflation

A new tool to fight home foreclosures: borrowers don’t have to pay lenders!

Re-writing delinquent mortgages. Not even 50% have been successful at solving problem

Personal Income Drops Across the Country.

Items from The Economatrix:

Commentary from Dan Denninger: Credit Growth? Not In Mortgages!

To Save New York, Tax Wall Street

EU Faces Bleakest Period for a Decade

Europe in Crisis as Debts Grow