Economics and Investing:

Peter Schiff Says U.S. is Powerless to Prevent Runaway Inflation, Silver to Soar to $100

US poverty on track to post record gain in 2009. It is noteworthy that in 2008, the poverty level stood at $22,025 for a family of four. But that would have been considered “upper middle class” back in the 1940s. So part of this impoverishment can be attributed to the hidden tax of currency inflation. We need a sound currency!

G.G. mentioned this item: 59% of Canadians would be in trouble if their pay was delayed by a week

Another step in the staircase of inevitabilities: States cutting benefits for public-sector retirees. (A tip of the hat to Sue C. for the link.)

Items from The Economatrix:

One Abyss, Then Another

FMI Says that World-Wide Labor Market is in “Catastrophic Situation”

IMF Warns of Economic Slowdown

August Retail Sales Up 0.4%, Best in 5 Months

Save The Banks And Kill The Economy

Gold Is The Best Asset Class To Be In